We partner with the bold and visionary to take a Mexican business to a new frontier
What We Do
We are a private equity fund backed by renowned Mexican and international investors with the objective of acquiring and operating a well-established and profitable medium-sized business
Our Approach
Unlike traditional private equity firms, we respect and value the heritage of Mexican businesses. While we are agile in providing liquidity, we strive to create long-term value preserving the culture that made this business great in the first place
Who We Are
We are two Mexican investment professionals with aggregate transactional value of US +$1.8 bn and combined experience in +10 core industries in Mexico. With a friendship of more than a decade, we prize long-term relationships that are built on trust and loyalty
Our Team
Eduardo Hernandez and Ignacio Lizarraga are two Mexican investment professionals with a diverse investment and operational experience spanning aggregate transactional value of US +$1.8 billion and more than 10 industries
Eduardo Hdz del Angel
Managing Partner
Eduardo is an investment professional with more than 7 years of experience, holding different positions at different Private Equity, Venture Capital, and Search Funds, as well as Family Offices such as Artha Capital, ACON Investments, Victory Park Capital, and Encinno Capital. Eduardo has originated and led transactions closings worth US $200 million and participated in other closings worth US $850 million. He has experience in Financial Services, Fintech, Industrials, Consumer, Real Estate, Oil & Gas and Power. Eduardo started his career as an Investment Banking analyst at Evercore, where he coordinated debt restructuring processes worth US $800 million.
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Eduardo earned his BA in Economics from ITAM, where he graduated with the highest honors and top 5% of his class, and his MBA from the University of Chicago Booth School of Business.
Ignacio Lizarraga
Managing Partner
Ignacio is an investment professional with more than 7 years of experience at leading firms, including BlackRock, Bain & Company, Equity International, Bechtel Enterprises and Encinno Capital. He has experience in different sectors such as Infrastructure, Energy, Transportation & Logistics, Real Estate, Fintech and Manufacturing. Ignacio was a founding member of BlackRock Mexico's Infrastructure Private Equity team, leading key workstreams in debt and equity transactions north of US $1 billion, including the 2017 Bonds & Loans Infrastructure Finance Deal of the Year, and heading value-creation strategies for various portfolio companies.
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Ignacio earned his BA in Economics from ITAM and his MBA from the University of Chicago Booth School of Business
Our Institutional Investors
+$1.5 bn
Assets Under Management
+150
Executed Transactions
7
Countries Represented
Approach
Why do we do what we do in the way we do it?
EXPERIENCE
Our complementary investment and operational experience with some of the most renowned local and international firms will be a pivotal factor in the value we will be able to unlock during the search and operational phases.
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On top of the great lessons, we will seek to leverage our deep network to bring in the best team possible
INVESTMENT STRATEGY
Business
Recurring revenue
High margins
Scalability
Industry
High-growth
Low cyclicality
Fragmented market
INVESTOR BASE
We are backed by renowned national and international investors. In a similar vein to Warren Buffett, we think of them as owner-partners who entrusted their capital to us for the long-term.
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Furthermore, their experience in more than 150 transactions of this nature and their capital capacity provide us with confidence and agility to close a transaction
STORY
We were proudly raised in Pachuca and Mazatlán, two Mexican cities with a deep small and medium businesses’ heritage
With a long-standing friendship, from our college days at ITAM to our MBA days at the University of Chicago, we have a solid understanding of our partnership
SOCIAL IMPACT
A business without a higher purpose other than financial returns would be no different than climbing a great hill for the sake of it. We strive to change our country with more and better jobs, with a culture that puts people at the center of decision-making. Our commitment to business owners will be respecting and taking care of their people and culture
PRINCIPLES
Inspired by Ray Dalio’s analysis of life and work principles, we understand our principles as a set of guidelines to “deal with situations that occur over and over”. Our core principles are: self-growth, loyalty and resiliency.
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For us, principles are priceless commodities.
