OTCA was the exclusive operator of Bogota CargoCity, the air cargo terminal at El Dorado International Airport in Bogota.
The investment in OTCA returned US$56.5 million, resulting in an internal rate of return (IRR) of 22.9% for the project. Tribeca originally invested in OTCA in 2010 via FCP TCED (Infrastructure) - Fund II.
The air cargo terminal at El Dorado International Airport in Bogota is the largest facility in Latin America. In 2014, it processed over 400,000 tons of cargo, and over 73% of the air cargo transported in Colombia. It is also a central hub for more than ten airlines, major international cargo operators, and is an essential distribution channel for the country's floriculture industry with exports of US$500 million annually.
Bogota CargoCity offers direct airside access, a dedicated aircraft ramp area, and 845,000 square feet (78,503 m2) of warehouse facilities, offices, and retail spaces.
Tribeca Asset Management is a Colombian private equity fund with investments in business areas with demonstrated growth potential, through the acquisition of companies' shares, both partial and total. The firm has capitalized the potential of Latin America and particularly of Colombia; country in which the company has centered its operations.