Inca Investments, Llc
- Regulatory AUM
- $570M
- Discretionary
- $570M
- Clients
- 2
- Avg AUM / client
- $285M
- Accounts
- 3
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Apr 14, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 2 | $216M | 37.9% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $354M | 62.1% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $205M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Inca Latin American Fund, L.P. master | Hedge Fund | Delaware | $205M | 21 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| American Federation Of Musicians And Employers' Pension Fund And Subsidiary Board Of Trustees Of The American Federation Of Musicians And Employe | 2024 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Donayre, Fernando, Xavier | Member | Apr 2004 (22y) | ≈ 56.25% – 100% via Fxd Holdings, Llc | |
| Borenstein, David, Michael | Member/Chief Compliance Officer | Jul 2015 (11y) | 5% – 10% | |
| Chavez, Efrain, Martin | Member | Jul 2015 (11y) | 5% – 10% | |
| De Guzman, Jeronimo | Member | Jul 2021 (5y) | 5% – 10% | |
| Maclovio Pina Velasco | Registered representative | CFA | Dec 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Fxd Holdings, Llc | Holding Company | Dec 2020 | A | 75% or more |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Donayre, Fernando, Xavier: 75% – 100% of Fxd Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $205M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Inca Latin American Fund, L.P. | Hedge Fund | $205M | $500K | 21 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| American Federation Of Musicians And Employers' Pension Fund And Subsidiary | Board Of Trustees Of The American Federation Of Musicians And Employe | 19,513 | $3.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/14/2026 | 1.23 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $354M (62% of AUM) Apr 2026
- BNY Mellon $66.4M (13% of AUM) Sep 2022
- Banque Pictet & Cie Sa $46.4M (9% of AUM) Sep 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 14, 2026.
View current Form ADV (SEC/IAPD) ↗