GRAM Launches Americas Buyout Fund to Support Hispanic Ecosystem Investments
Grupo Romero Asset Management (GRAM), a Miami-based investment firm, has announced the establishment of the Americas Buyout Fund (ABF) as part of its private equity platform. The fund will focus on opportunities within the Hispanic ecosystem across the Americas. The addition of the former Carlyle Peru-based team to GRAM's private equity platform brings a combined track record of nearly $900 million in direct investments over the past decade. The ABF aims to commence its fundraising process in the first quarter of 2024.
The agreement with Carlyle allows GRAM to leverage the Carlyle network and global industry experts. Carlyle also has the option to invest alongside GRAM in future deals. The collaboration aims to build a leading private equity firm that capitalizes on the potential of Hispanic markets in Latin America and the United States.
Marco Peschiera, CEO of Grupo Romero, expressed excitement about the partnership, highlighting the opportunity to become the preferred partner for Hispanic-led companies and global investors seeking exposure to buyouts in this unique space. Eduardo Ramos, leader of the former Carlyle team, emphasized the strong fundamentals and growth potential of the Hispanic markets, stating that the collaboration with Grupo Romero positions them well to capitalize on these opportunities.
As part of the agreement, GRAM will also provide sub-advisory services to manage the assets of Carlyle Peru Fund (CPF), ensuring continued oversight by Ramos and his team.
Grupo Romero, a Peruvian conglomerate with a presence in various sectors, has a long-standing history and active capital allocation strategy. GRAM, as the asset management division of Grupo Romero, operates through multiple investment strategies.
This partnership between GRAM and Carlyle sets the stage for a compelling venture in the private equity landscape, leveraging expertise and relationships to drive investment success in the Hispanic ecosystem.
Implications of GRAM's Americas Buyout Fund for New Businesses
The launch of the Americas Buyout Fund (ABF) by Grupo Romero Asset Management (GRAM) marks a significant development in the investment landscape, particularly within the Hispanic ecosystem. This initiative could have considerable implications for new businesses, especially those operating in or targeting Hispanic markets.
The ABF's focus on Hispanic markets across the Americas opens up a wealth of opportunities for new businesses. It could provide them with a potential source of investment and support, especially for those businesses that align with the fund's investment strategy. The partnership with Carlyle, a global investment firm, further enhances the fund's potential, providing access to a network of global industry experts.
Moreover, the emphasis on Hispanic-led companies signals a broader trend towards diversity and inclusivity in the investment sector. This could encourage new businesses led by or serving Hispanic communities to leverage this trend for their growth and expansion.
However, the launch of the ABF also presents challenges. New businesses seeking investment from the fund will need to navigate the complexities of the private equity landscape and meet the fund's investment criteria. They will also need to understand and adapt to the unique dynamics of the Hispanic markets.
In conclusion, the launch of the ABF by GRAM represents both an opportunity and a challenge for new businesses. It underscores the growing importance of diversity in the investment sector and the potential of Hispanic markets, while also highlighting the complexities of the private equity landscape.