For us PURPOSE
is our North Star.
A light that guides every step we take.
Every day, we invest to improve lives and protect the planet.
Capital + SAFI is a leading asset manager in Bolivia, specializing in closed-end investment funds and alternative investments. We support companies and strategic projects with long-term financial solutions, integrating corporate governance, risk management, and shared value creation as core pillars of the way we invest.
Our Shared Value Strategic Framework
Purpose
Every day, we invest to improve lives and protect the planet..
Vision
To build a business ecosystem that promotes, rewards, and sustains purpose-driven investment and inclusive business models that help regenerate economies, the environment, and culture.
Mission
We invest and build partnerships to catalyze sustainable and inclusive growth across value chains in different industries in Bolivia.
Impact Objectives
Improve the quality of life of farmers in pursuit of resilient and sustainable agriculture.
Address climate change by reducing deforestation and improving land use.
Reduce gender inequality across the agricultural value chain.
Areas of Opportunity
Invest to expand market access and access to capital for diverse agricultural producers and processors.
Support and sustain innovative approaches that improve agricultural productivity for the benefit of people and the planet.
Design products that enable and reward issuers for adopting sustainable and inclusive business practices.
Build partnerships to strengthen market demand and capabilities for sustainable and inclusive agricultural products.
Advocate for reducing regulatory and infrastructure barriers to financing sustainable agribusinesses.
Enabling Capabilities
Governance
People and Culture
Technology and Innovation Processes
Strategic Partnerships
Measurement & Strategic Learning
Vision
We offer a differentiated investment platform for the transformational value chain of the agro-industrial sector, where competitiveness, sustainability, and purpose converge.
We Pursue Business Impact
A differentiated private credit platform for strategic agro-industrial and forestry assets.
Reduce downside risk through governance, operational controls, and collateral protection.
Improve cash flow reliability through active oversight, covenant discipline, and early intervention.
Expand profitable opportunities by strengthening execution and reducing disruption risk.
We Strengthen Food Security and Land Productivity
More productive and resilient agro-industrial and forestry systems that preserve jobs and ensure reliable supply.
Greater carbon storage andland restoration through improved management of soils, pasturelands, and forests.
Faster adoption of productivity-enhancing practices including traceability, input efficiency, and land-use integrity.
Stronger critical value chains that protect supply continuity and regional stability.
Strategic Pillars
To support broader adoption of sustainable and inclusive agro-industrial practices and innovation.
To unlock sustainable and inclusive growth opportunities across agricultural systems.
Our Culture and Values
• Culture turns strategy into everyday behavior through shared norms and leadership.
• Embedded routines routines create a lasting advantage that competitors cannot easily replicate.
• Shared decision-making principles improve speed and consistency across teams.
• Self-reinforcing control: people do the right thing without the need for constant supervision.
CORPORATE GOVERNANCE AS A DRIVER OF SHARED VALUE
We have a robust corporate governance model, supported by an independent board, specialized committees, and policies aligned with international best practices. This enables us to manage risk rigorously, ensure transparency, and safeguard the interests of our investors and partners.
Our Board of Directors
James Johnson
Director, Capital + SAFI
Fernando Neri
Director, Capital + SAFI
Liza Mendoza Arancibia
Director, Capital + SAFI
Javier Andres Guardia
Director, Capital + SAFI
Kurt Manfred Jürgensen
Director, Capital + SAFI
Our Team
We have a multinational team with broad experience in portfolio management, public and private debt structuring, banking, risk management, sustainable investing, and shared value creation, among other areas.
Jorge Quintanilla Nielsen
CEO / General Manager
Juan Carlos Navarro Rossetti
Vice President of Alternative Investments
Jorge Bismarck Pinto Mollinedo
Head of Public Markets Investments
Eduardo Gabriel Arana
Legal Counsel
Cecilia Arandia
Sustainability and Impact Officer
Cecilia Ampuero, CFA
Portfolio Manager
Pamela Carranza, CFA
Deputy Manager, Risk Management Unit
Javier Borda Román
Administration and Finance Manager
José Mario Alanoca Camberos
Deputy Manager, Alternative Investments
Luz Adriana Rocha
Deputy Manager, Alternative Investments
Durby Toranzo
Internal Auditor
Diego Ramírez Niño de Guzmán
Marketing Manager
Our Shared Value Champions Team
Shared Value Champions is a cross-functional team that brings together capabilities, drives strategy execution, and turns our shared value purpose into concrete, measurable actions across the organization.
We Are Signatories To
Our History
Discover the key milestones that have shaped our journey since 2008.
2008
Capital + SAFI was established after Capital S.A. successfully introduced Bolivia’s first UFV Bond, first Soy Bond, and first Commercial Paper instrument (promissory note).
2011
Launch of the first fund: Sembrar Micro Capital SMC.
2012
Launch of the second fund: Sembrar Alimentario SEM.
2014
Development of Industry Analysis Structure, Competitive Forces and Evolution, our proprietary strategic analysis tool.
2015
Partnership with the Kellogg Lab at the Kellogg School of Management, Northwestern University.
Launch of the third fund: Sembrar Productivo SPF.
Alpaca Export: We collaborated on a CSR initiative supporting the export of high-quality alpaca wool handicrafts, textiles, and accessories made by Bolivian artisans.
2016
Senda Verde: We collaborated on a CSR initiative focused on rescuing and sheltering animals affected by illegal trafficking and habitat destruction, while inspiring people to value and protect nature.
2017
Launch of the fourth fund: Sembrar Exportador SFI.
Opening and relocation to our new offices in the southern area of La Paz.
Wharton Executive Education – Venture Capital Program: Testimonial by Jorge Quintanilla, Founding Partner and CEO of Capital + SAFI.
2018
Caño Negro: We collaborated on a CSR initiative to help create a protected and safe destination for sport fishing in the heart of the pristine Bolivian Amazon.
2019
Implementation of our new Corporate Governance Policy.
Company-wide training in executive writing, significantly improving the quality of documents, reports, and other business materials.
2020
Capital + SAFI became the first regional asset manager to complete IFC’s Sustainable Finance Training Program.
2021
Harvard Business School published the case study “Building governance to take Capital + SAFI to the next level.”
2022
Capital + SAFI sponsored and participated in the 1st International Sustainable Finance Forum in Bolivia.
CDP selected us for a case study highlighting ESG and sustainability objectives through investment operations and corporate engagement within the ICAP pillars.
Shared value training was delivered both to flagship portfolio companies and to Capital + SAFI staff.
2023
Recognition for efforts against deforestation
We were recognized for our commitment and contribution to the fight against deforestation, reinforcing the environmental focus of our management approach.
Stewardship Plan 2023–2026
We published the summary of our Stewardship Plan 2023–2026 as a roadmap for active engagement that promotes stronger ESG practices and shared value creation.
Porter and Kramer: A New Way to Achieve Business Success
We shared analysis and insights on the shared value approach as a driver of competitiveness and sustainability in business strategy.
Shared Value for Asset Managers
We highlighted how asset managers can pursue impact and sustainable returns by integrating shared value into investment decisions and engagement with issuers.
Jacha Inti: From Degraded Soil to Regeneration
We showcased a portfolio case that advances regenerative practices and productive resilience, aligning competitiveness with environmental and social impact.
Communicating Our Shared Value Strategy (FSG)
With the support of FSG, we developed and communicated a corporate commercial strategy anchored in Shared Value and purpose, with one central goal: improving lives and protecting the planet.
GHG Management and Business Benefits
We shared content on greenhouse gas emissions and their management as a lever for efficiency, resilience, and sustainability in business.
Off-Site Event
The Capital + SAFI team held an off-site event to strengthen training and collaboration, with a focus on shared value creation and its implementation across different operational areas of the company.
2024
Collaboration with HBS BiGS
We participated in high-level forums alongside HBS BiGS, contributing a regional perspective to discussions on business, sustainability, and inclusive development.
GIIN Impact Forum 2024: Sponsorship and Solution Session
We sponsored and participated in GIIN Impact Forum 2024 with a Solution Session, strengthening our positioning and networks within the global impact ecosystem.
2025
Global Leadership Roundtable – Mexico 2025
We participated in the Global Leadership Roundtable (HBS BiGS) to exchange experiences and explore business strategies that reduce inequality and strengthen democracy.
London Climate Action Week
We took part in London Climate Action Week events to accelerate partnerships and conversations around climate finance and nature-based solutions.
PRI in Person
We participated in PRI in Person to deepen institutional relationships and remain aligned with global responsible investment trends ahead of COP30.
GIIN Impact Forum
We participated in the GIIN Impact Forum in Berlin to expand our partnership pipeline and capital mobilization opportunities with global stakeholders.
FinnLAC Forum
We participated in FinnLAC Forum to connect with leaders in financial innovation and explore opportunities and partnerships for the region.
Convergence Global Blended Finance Forum
We participated in Convergence’s Global Blended Finance Forum to strengthen relationships and deepen learning in blended finance and catalytic structuring.
E-ledgers Institute – Technical Workshop
We participated in a technical workshop hosted by E-ledgers to contribute to and learn from discussions on data integrity and product-level emissions platforms.
Latimpacto – Convergence (Blended Finance)
We joined a peer-learning space between the Latimpacto and Convergence networks to connect blended finance discussions with the road to COP30.
Selected Case Studies with Global Relevance
A selection of case studies and reference materials that reflect Capital + SAFI’s experience and approach to shared value creation.
Document
Download PDF
Harvard Business School (HBS)
Capital + SAFI case study on governance as a driver of growth and institutional readiness.
Download PDF
See
FSG
Capital + SAFI case study on the systemic approach to value creation in asset management.
Download PDF
See
CDP (Carbon Disclosure Project)
Recognized as a reference case for private debt policies in emerging markets.
Download PDF
Download
Cold Call HBS:
Corporate governance and growth strategy at Capital + SAFI.
Download PDF
See
Kellogg Global Lab Partnership (Northwestern University)
Ongoing collaboration with Kellogg MBA teams (4–6 students per project) in support of growth and regional expansion.
Download PDF
See
Digital Repository of Public Documents
A selection of reports and reference materials that reflect Capital + SAFI’s experience and approach to shared value creation.
Sustainable Investment Policy
Sustainable Investment Policy
Climate Risk Management
ESG Methodology
Stewardship Plan 2023-2026
Our Net Zero Roadmap
Sustainable Business Development Policy
Deforestation and Conversion Policy
