Our business model consists in building a portfolio of investments in manufacturing and service companies that benefit from USMCA with the objective of generating superior risk-adjusted returns.
High gross margin businesses in geographies with nearshoring opportunities in fragmented industries.
Long-term investment horizon, reinvesting cash flows to fund growth – bolt-on acquisitions and organic growth – and generate compounded returns.
Create value by supporting management teams, institutionalizing corporate structures and streamlining operations with technology.
As CIO, David is leading Marea’s Investment Committee, research and operational firm efforts.
Prior to joining Marea, David was the CFO at Jaguar E&P – an onshore exploration and production company focused on natural gas projects.
David was Vice President at the Credit Suisse Investment Banking Division, covering real estate, infrastructure, telecom and energy in Mexico and Latin America.
David started his career working for one of the largest conglomerates in LatAm, Grupo Alfa, as part of its strategic planning team.
David serves as Managing Partner at Level2 Capital – an alternative asset manager focused on digital assets and blockchain and as Director in Grupo AMI, an industrial automation and technology group, headquartered in Monterrey and focused on solutions for the steel, mining and energy industries.
Holds a B.S. in Industrial Engineering and Management Sciences from Northwestern University and an MBA from Harvard Business School.
$400M deployed in North American industrial real estate assets
Advised Goldman Sachs Infrastructure Partners (GSIP) acquisition of ICA’s stake in Red de Carreteras de Occidente (RCO)
Jaguar E&P
Farm-out capital raise with institutional and global investors
Lottus Education Search Fund Fundraising and Strategic Advisory
Designed from first-hand experience and lessons learned in Private Equity investments in Mexico.
Strategic pillars
01
Unique deal sourcing capabilities – identify off-market transaction thanks to track-record, wide network and market understanding.
02
Maximize asset value – through financial engineering and enhancement of capital structures
03
Active management to reinforce operations – partner with management teams to improve performance
04
Solid track-record – allows us to lead transformative and accretive growth through strategic M&A supported by solid track-record
05
Provide liquidity to investors – reduce cost of equity and incremental funding alternatives
Recycling investor base to provide liquidity to investors on specific time windows.
Management
Fees
Deal size /
# of deals
Holding
period
Capital
structure
Local currency
exposure
Annual budget to cover operating expenses and management salaries
$30-50M / 2 verticals
plus add-ons
Permanent capital with drawdowns every 5 years at decreasing NAV discount
Invests across the capital structure of companies to enhance cash-flow generation
+75% of underlying assets will generate USD denominated cash flows
Traditional
Private Equity
% over committed /
invested capital
$80-100M /
5-7 transactions
5-7 years
Focus on equity investments in illiquid assets
Mismatch between USD returns – hurdle and carry – and local currency generating assets
Management Fees
Annual budget to cover operating expenses and management salaries
Deal size / # of deals
$30-50M / 2 verticals
plus add-ons
Holding period
Permanent capital with drawdowns every 5 years at decreasing NAV discount
Capital structure
Invests across the capital structure of companies to enhance cash-flow generation
Local currency
exposure
+75% of underlying assets will generate USD denominated cash flows
Traditional Private Equity
Management Fees
% over committed /
invested capital
Deal size / # of deals
$80-100M /
5-7 transactions
Holding period
5-7 years
Capital structure
Focus on equity investments in illiquid assets
Local currency
exposure
Mismatch between USD returns – hurdle and carry – and local currency generating assets
An investment firm focused on supply chain imbalances, longstanding US-Mexico commercial link and nearshoring opportunities.
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