Jiménez Cruz Peña (JCP) advised Advanced Asset Management, S. A.





Recently the firm Jiménez Cruz Peña (JCP) advised Advanced Asset Management, S. A., a Dominican Investment Management company, in the structuring, registry and implementation of its first investment fund for DOP2,500MM (approximately USD54M), denominated “Advanced Oportunidades de Inversión” [Advanced Investment Opportunities], which focuses in the development of corporations. Advanced Asset Management, S. A. is part of the business conglomerate of Group Diesco.

JCP assisted the client in the structuring and drafting of all documents required for the implementation of the fund, including the fund’s internal rules, prospectus, macro-title, as well as all corporate documents, negotiation and execution of the pertinent agreements with other participants of the securities market in the Dominican Republic, registration before the Superintendence of Securities, and placement of the quotas in the local securities market.

As part of the legal assistance provided, JCP also assisted the client with all issues related to conflict of interests, selection of the investment committee, benchmark issues, and risk identification and mitigation.

The JCP team was formed by Katherine Rosa (Partner), Jennifer Beauchamps (Senior Associate), and Diego García (Associate).