The capital markets department Estudio Echecopar (which terminated its association with Baker McKenzie, and returned to its former, independent status in 2025)  remains a market leader, acting as one-stop-shop for an impressive range of international and local investment banks, issuers and investment funds. Active in the energy, construction and real estate sectors, the established practice is jointly led by industry veteran Pablo Berckholtz, who draws on extensive experience in financial and derivatives transactions, acquisition finance and corporate restructuring, and the proficient Alonso Miranda, who covers liability management transactions, public tender offers and securitisation. Adrian Tovar is recommended for his strengths in local and foreign bilateral and syndicated financing, and for his knowledge of the regulation of the securities market.

Renowned for its expertise in high-value and complex capital markets transactions, Garrigues is a key destination for major global banks, investment grade issuers and institutional investors. On the DCM side, the group’s workload covers project and investment-grade bonds, private placements and securitisation processes, while ECM-side strengths include IPOs and tender offers. Oscar Arrús stands at the helm of the department, drawing from his extensive experience in cross-border debt transactions and asset-backed securities. Sergio Amiel guides issuers and underwriters in high-profile domestic deals, Thomas Thorndike focuses on securitisation and international debt offerings under Rule 144A and Reg S, and José Francisco Meier covers regulatory issues and sovereign debt transactions. Other key figures include Diego Harman, who concentrates on representing sponsors and banks in project bonds and high-yield debt issuances; Miluska Gutierrez, who is well-versed in related ESG concerns; and Monica Yrrarazabal, who structures private investment funds. Germán Gómez is a key contact for domestic securitisation processes.

Miranda & Amado remains a leader in the marketplace, advising major domestic and multinational corporates and financial institutions on a diverse spectrum of capital markets matters. The team’s wide-ranging skill set covers public offerings, bond issuances, securitisations, regulatory compliance and cross-border transactions. The practice is led by Gabriela Dañino, nd who also heads the firm’s fintech practice, and who brings expertise to project finance, acquisition finance, securities offerings and syndicated loans. Other key figures include Juan Luis Avendaño Cisneros, who draws on over 20 years of experience to assist with complex securities offerings; José Miguel Puiggros, whose purview encompasses corporate finance, project finance and acquisition finance matters; and Alvaro Del Valle, a specialist in investment and mutual funds and structured finance.

A market leader in the capital markets arena, Payet, Rey, Cauvi, Pérez Abogados has transactional and regulatory prowess and regularly works on international deals. The practice advises asset managers, investment funds and banks on the structuring of private and public offerings, exchange offers, listings and de-listings of securities and takeover bids. Also proficient in REITs and the creation of mutual funds, the department is co-led by José Antonio Payet, whose experience spans project finance and the acquisition and divestitures of public and privately held companies, and Eduardo Vega, who takes the lead on securitisation and the structuring and issuance of debt and equity transactions. Juan Antonio Egüez focuses on infrastructure finance, Rocío Gordillo guides local and global clients in structuring complex bank instruments, and Gustavo Yokoo brings expertise to syndicated loans and debt restructurings.

Sought out by mutual funds, banks and insurance companies, Hernández & Cía maintains a strong position in the market, where the firm’s capital markets group undertakes an impressive range of cross-border work. Core strengths of the team include debt issuances, equity transactions, sovereign bond issuances, public tender offers and takeover bids. With niche expertise in investment regulations for principal institutional investors, the team is led by seasoned corporate lawyer Juan Luis Hernández, who advises on private capital placements. José Manuel Abastos guides international companies on project finance and sovereign financing, while Gloria Zubizarreta’s experience spans compliance matters and listings of share capital of Peruvian corporations. Erick Calla is noted for his knowledge of stock market regulation and capital raising, whereas Andrea Limón is a key contact for potential investors and securitisation companies.

Offering guidance across all areas of the capital markets space, Rebaza, Alcázar & De Las Casas demonstrates local and international transactional expertise, from compliance with regulations to the structuring and placement of debt and equity issuances. Elsewhere, the group advises on high-yield debt offerings, structured finance operations, crowdfunding, and public and private securities offerings. The highly experienced Rafael Alcázar, who assists banks and investment firms on complex and high-profile finance mandates, spearheads the practice alongside Daniel Gonzáles, who covers distressed debt and corporate finance. Luis Miguel Elías is noted for his expertise in investment structuring within the mining and energy sectors, Fiorela Ccahua concentrates on financial instrument issuances and asset securitisation; Pedro Díaz's workload includes IPOs, tender offers and crisis management. Valeria Sánchez and Alvaro Luna Victoria are key contacts for multilateral entities and global banks, while Josefina Arana advises startups on seed fundraising and corporate ventures.

With longstanding experience in the capital markets sector, Rodrigo works in tandem with the firm’s tax team to advise on international securitisation processes, sovereign issuances, and green and project bonds. Engaged by leading domestic financial institutions and foreign commercial banks and investment fund administrators, the practice is led by Jean Paul Chabaneix, who is well-equipped to advise on significant cross-border capital market deals, including IPOs. Nydia Guevara is known for her work on subordinated debt and hybrid instrument matters, in addition to the structuring of finance and equity transactions. Paul Castritius focuses on securities and financial regulatory and compliance matters.

The capital markets group at Rubio Leguía Normand leverages the experience of its team to advise major domestic and multinational corporates (across such sectors as agriculture, hospitality, mining and real estate), insurers and financial institutions, on a wide range of multi-jurisdictional transactions.  The practice is headed by capital markets expert Andrés Kuan-Veng, who brings strength to complex, cross-border securitisations and sovereign and non-sovereign matters. Other key figures include senior associate Luis Miguel Garrido, who specialises in the banking and capital markets regulatory aspects of transactions, and associate Sheerley Cárdenas, who draws on experience in capital markets and M&A. Luis Ernesto Marín arrived from Lazo Abogados in November 2024.

Counting foreign entities, fintech companies and banks amongst its client roster, Benites, Vargas & Ugaz draws from its transactional and regulatory expertise to advise on asset securitisation, real estate project development, and innovative financing. The capital markets department lies under the leadership of the renowned Jeanette Aliaga, who represents banks and corporations in project finance, private equity investments, securities offerings and corporate and syndicated loans.

Leveraging the firm’s international network of offices, CMS Grau’s client roster comprises investment banks, sovereign and corporate issuers, asset managers and financial institutions. Working across the energy, telecoms and retail sectors, the group routinely works on debt and equity issuances, the structuring of securitisation trusts, IPOs and bond issuances. The team is jointly led by Juan José Hopkins, who clients come to for advice on syndicated loans, and Miguel Viale, a key contact for matters concerning bank lending, collateral structures and financing, and stock market transactions. Cinthia Cánepa handles securities markets work, in addition to corporate lending in the fishing and real estate industries. Andrea Paiba covers project finance, while Gabriel Najar handles due diligence exercises.

Working with a spread of corporate issuers and banks, DLA Piper Perú is well-equipped to advise on financial structuring, sustainable finance, investment fund mandates and high-profile debt and equity issuances. Backed by 20 years of experience, Sergio Barboza leads the group and advises on a wide range of complex capital markets transactions. Barboza is ably supported by Nelly Espinoza, who focuses on ESG financing, primarily advising issuers and underwriters, and Farah Torres, a go-to for matters concerning securitisation and regulatory compliance.

EY Peru’s capital markets offering works in collaboration with the firm’s tax and consulting departments to serve a range of listed companies, banks and insurance firms. Operating within the mining, construction and real estate sectors, the team’s experience extends to REITs, refinancings, Peruvian capital markets regulation, and corporate governance. The department is co-led by Maria Del Pilar Sabogal, who focuses on securities issuance operations through public and private offerings and project finance, and Mercedes Fernández, a key contact for clients seeking advice on regulatory matters and international financing. Astrid Mogollón works on the structuring and implementation of corporate financing mechanisms.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados stands out for its comprehensive industry coverage, where the group routinely handles capital markets transactions within the energy, fishing and retail sectors. Advising leading international and domestic banks, the department works in coordination with the firm’s reputed banking and finance team to offer guidance on the structuring of finance transactions and cross-border corporate acquisitions. Carlos Enrique Arata steers the practice and is well-versed in project development and finance, green bonds, international bond offerings and Lima Stock Exchange listings. Rocio Izquierdo is recommended for her experience in securities regulation, related litigation and the structuring of corporate bond programmes.

Philippi Prietocarrizosa Ferrero DU & Uria’s capital markets practice illustrates strengths in securities regulation, in addition to domestic bond issuances and securitisation structures. With ample experience in undertaking cross-border work across Chile and Colombia, the group’s client roster includes brokerage firms, issuers, banks and fund managers. Antonio Guarniz heads the department and is proficient in equity issues, medium-term and syndicated loans and the acquisition of companies listed on the stock exchange. Victor Bravo focuses on finance leases and asset securitisation, while Mario Arce handles financial regulation matters and the incorporation of fintech companies in Peru.