Overview
- Governor Miguel Ángel Navarro Quintero unveiled the Fondo Soberano Nuevo Nayarit (FOSONN) in Mexico City and named RW Consulting’s Mauricio Jorge Rioseco Orihuela as administrator under a framework shaped by recent state reforms.
- More than 50,000 million pesos in state real estate have been transferred to the Fideicomiso Nuevo Nayarit to serve as the fund’s base assets, according to the governor.
- By law, 51% of FOSONN’s yields will be reinvested through the trust while 49% will go to the Fondo de Ahorro Nayarit as direct contributions for state workers’ retirement.
- The fund will use Luxembourg’s Reserved Alternative Investment Fund structure to court European, Middle Eastern, and Asian capital under internationally recognized rules.
- Officials reported five investment agreements under confidentiality and said President Claudia Sheinbaum has participated in project reviews, with projects intended to convert public land into tourism, infrastructure, and other strategic developments.