THE CAXXOR GROUP
CAXXOR GROUP® works to mark a new era in the development and financing of real assets, with innovation as a discipline and with a great disruptive force, we are passionately dedicated to making possible the optimal development of global infrastructure.
Our group is an international conglomerate with the strength to drive infrastructure projects and other real assets. CAXXOR® can also finance governments and large companies, as well as advise during the process. CAXXOR® is not just another firm, we have an unprecedented performance.
CAXXOR® has several regional offices, one of the main offices is the United Kingdom, however CAXXOR® is a company founded in Mexico although it currently has a global profile and the operation is distributed in several countries, (e.g. Panama, Colombia, among others). CAXXOR® is made up of three companies, REAL ASSETS, FINANCE and GLOBAL ADVISORS and two investment protocols CAXXOR MEGA® (Projects with more than 1 B) and CAXXOR INVEST® (from 40 M and less than 1B). The origin of CAXXOR® is a real estate development, construction and engineering company, after alliances and partnerships with investors, financial firms and international funds, CAXXOR® stands out mainly as an infrastructure investor, however we do not renounce our past and now we are holistic and very complete organization.
More than infrastructure or real assets, we think of people, these assets should serve so that people can get to their destinations faster and safer, to obtain the goods and services they need efficiently, health, education and security facilities. Our vision of infrastructure development is focused on seeking the progress and sustainability of humanity, on the other hand we have a sophisticated financial team, competitive internationally, which distinguishes viability mechanisms and methodologies for each project we have. CAXXOR® participate in the development of greenfield or brownfield projects in all or some of the stages, including obtaining the investment. CAXXOR® primarily serves investors, developers, corporations, and governments. Our mission is to cover the infrastructure deficits in the world.
Our vision is to consolidate CAXXOR® as the most important infrastructure firm in Latin America and with a relevant role at the global level, taking advantage of the high internationalization capacity of our teams. We are in a permanent promotion of the pipeline of projects in which we have a mandate, CAXXOR® only takes projects in which we knows that there is an opportunity to create a risk structure and a real benefit for our investors. The total benefit of the investment must be evaluated. in infrastructure in a return on capital metric, as opposed to simply the available spread. In particular, the return on capital attracts investors where Infrastructure loans provide a higher relative return (or equivalent) equivalent corporate bonds (in terms of rating and duration), but carry a similar (or lower) capital charge.
We know that long-term investors own half of the professionally managed investment capital in today's world. These investors, who have an unparalleled scale and longer time horizons than typical investors, have clear competitive advantages in the markets for long-term illiquid assets. The characteristics of an investment in infrastructure and capital projects are particularly suitable for long-term institutional investors. Infrastructure assets offer economies of scale, inelastic demand and stable cash flows, and can generate uncorrelated returns, inflation linkages and downward protection. CAXXOR® has globally expanded the integration of investors which, added to the strength in alliances for risk products, allows for unprecedented investments.
In fact, the set of skills required for investment in infrastructure is different from the set of skills that an institutional investor may already have established: the infrastructure and capital projects is composed mainly of illiquid assets marketed infrequently in very large packages. This means that the investment Infrastructure and capital projects is oriented to transactions rather than to the market; Investments are long-term and asset management is crucial. In summary, investment in infrastructure is quite different from traditional asset classes, such as bonds or stocks, and is more like direct real estate investment or private capital. Consequently, the investment team will need various capacities to succeed in this environment. CAXXOR® has achieved this level of specialization.
The construction of a proper structure by a fund for investment in infrastructure can take years; establishing a wholly-owned subsidiary, recruiting a first-class investment team and developing all the legal, fiscal, reporting and back-office experience required to support the program requires time and money. CAXXOR® has all the necessary specialists, from engineers, lawyers, financiers, to commercial and military personnel, highly trained professionals who offer services to both investors and projects that seek to develop. We generate enormous savings for the industry, our role allows our clients and partners to expand possibilities reducing costs, every day we work to seek to design better alternatives, we never stop, more quality for investors and better conditions for developers.
The industry shows new challenges and opportunities for the future, we want a more inclusive world, we know that an alternative to achieve this is by improving the quality of infrastructure projects, so that investments can reach a broader spectrum.
The financial industry introduced infrastructure as one of the new "alternative" asset classes (alternative to common stocks and government bonds), which is expected to provide new sources of return and better risk diversification. The investment industry prefers to emphasize the economic and financial (rather than physical) characteristics of infrastructure assets. They must operate in an environment of limited competition as a result of government regulations or concessions. CAXXOR® has focused on industries and markets with a significant deficit, so CAXXOR® has found adequate spaces to develop as a large infrastructure firm.
It is particularly important to distinguish between listed and unlisted investment vehicles, and infrastructure companies and funds. The term "private infrastructure" is also popular. It is supposed to capture the different forms of unlisted investments (In this category is CAXXOR®). It is often overlooked that investors have been shareholders of listed Infrastructure companies for a long time. infrastructure bonds are not new to investors. Infrastructure bonds can be assigned to specific infrastructure projects. There is also a new generation of infrastructure bonds in the form of PPP / PFI bonds, CAXXOR® also works in this segment.
In the long term, CAXXOR® have clear what is the appropriate risk-return profile of infrastructure assets. Investors tend to be more cautious in their assumptions than product providers. In the context of asset and liability modeling, risks go far beyond retrospective volatility statistics, and certain factors are truly uncertain. A more comprehensive qualitative and quantitative analysis of the risks involved in the underlying assets and investment vehicles is required. Trustees and members of pension funds have their own views on the private financing of public infrastructure. CAXXOR® understands and is specialized in this market and in this investor profile.
There are still little reliable data available on the performance of infrastructure investments, for reasons related to the availability of data and their interpretation. Regarding the former, the history of most unlisted infrastructure vehicles is quite short and data are often proprietary while independent performance measurement services have hardly started to collect or provide data. Regarding the latter, there is much variety and diversity in unlisted infrastructure funds. Moreover, infrastructure funds and investors use different benchmarks, and there are no agreed performance and risk reporting standards. CAXXOR® has created a unique and unprecedented model, CAXXOR® marks a new generation of infrastructure firms.
Investors are reconsidering the spectrum of debt instruments, as many of them have expressed a preference for stable returns on infrastructure investments and at low cost, rather than high capital growth. Additionally, credit bureaus report relatively low default rates for infrastructure projects in general. In practice, infrastructure bonds are already represented in portfolios of institutional investors. Stable underlying cash flows make infrastructure more like fixed-income securities like bonds than equity. For many points of view, debt is a superior governance mechanism compared to private equity. At CAXXOR® we can design extraordinary alternatives to develop large infrastructure initiatives.
A financial asset class is conventionally defined as a set of assets that have similar risk-return characteristics and are subject to similar regulatory structures. However, the reliance on historical volatility and correlation patterns has been shaken. Given the perceived failures of asset class diversification during recent volatile markets, some experts suggest a strategy of diversification across underlying economic drivers and market risk factors rather than the common financial-asset classes such as equities, bonds, cash, property, and the new alternative classes). CAXXOR® is focused on real assets or alternative assets, including infrastructure, but also others such as Real Estate and defense assets.
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