Blue Owl, Ares Court Mexico’s $500 Billion Pension Fund Windfall
In Mexico City, the executives have arrived from the likes of Blue Owl Capital Inc., Ares Management Corp. and Golub Capital, all seeking a rare prize: a large pot of untapped money. Firms that haven’t made the journey may already have fallen behind. Mexican pension funds, known as Afores, represent a $500 billion opportunity for the biggest alternatives firms. They’re ballooning in size thanks to reforms that increased how much money is contributed to workers’ accounts, while other rule changes have...
