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Business

ICCP to raise P12 billion for clients

- Donnabelle L. Gatdula - The Philippine Star

MANILA, Philippines - The Investment & Capital Corp. of the Philippines (ICCP) expects to raise in behalf of its clients some P12 billion worth of funds before the end of the year, a top company official said.

ICCP vice chairman William Valtos Jr. said most of the funds to be raised would be from the real estate, financial and manufacturing sectors.

Valtos said the fund-raising exercises only goes to show that the investment climate in the Philippines remains favorable as country’s economic fundamentals remain strong.

Most the funds to be raised, he said, would be done through equity and capital raising schemes.

“We expect to close several debt/equity raising schemes before the end of this year. Most of which are in the real estate sector,” he said.

Aside from these equity, debt and capital raising activities, he said ICCP is also arranging a few mergers and consolidations.

Founded in 1988 as a boutique investment house, ICCP has successfully grown into a fully diversified conglomerate.

With the investment house as its flagship company, ICCP has expanded to include a broader scope of financial services and property business to its interests.

The group’s financial services segment consists of the ICCP, ICCP Ventures Inc. (IVPI), and Fiducia Asset Management Pte. (Fiducia).

IVPI is a venture capital firm which manages five global funds with investments in semiconductors, electronics manufacturing, software, retail, and value-added/outsourced services.

Fiducia, on the other hand, is a Singapore-based exempt fund manager with investment grade, unlevered multi-asset class investment portfolios for European family offices and high net worth individuals.

ICCP pioneered light industrial parks in the Philippines in its property business segment with the Science Park of the Philippines Inc. (SPPI).

Other companies within ICCP are World Trade Center Metro Manila, a member of the World Trade Centers Association in New York City, and Pueblo de Oro Development Corp. (PODC), owner-developer of the 360-hectare Pueblo de Oro Township.

vuukle comment

CAPITAL CORP

FIDUCIA ASSET MANAGEMENT PTE

ICCP

NEW YORK CITY

ORO DEVELOPMENT CORP

ORO TOWNSHIP

SCIENCE PARK OF THE PHILIPPINES INC

VENTURES INC

WILLIAM VALTOS JR.

WORLD TRADE CENTER METRO MANILA

WORLD TRADE CENTERS ASSOCIATION

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