Maestría en Administración Financiera · 2025

Medición del riesgo de crédito para un fondo de deuda privada en Colombia

Resumen

Currently, there are few investment options in non-traditional assets in Colombia. However, alternatives have emerged, such as private debt investments via funds, which invest in credit assets such as credit agreements, promissory notes, and payroll deeds, among others. Proper identification and management of the credit risk inherent in this type of asset allows for the minimization of losses and generates investor confidence. Therefore, this study proposes the Camel methodology to identify and assess credit risk for private debt assets, segmented within the construction sector, specifically small and medium-sized enterprises (SMEs). The indicators applied for credit risk analysis were based on the companies' financial information over a five-year period, and showed that, although they are highly leveraged and may not have access to traditional credit, they are adequately managed and generate liquidity and attractive returns. Thus, the results demonstrate that private debt assets for the construction sector are an investment target.

Palabras clave

Tesauro de su biblioteca