Creating value by
strategically investing in
Mexico’s structural gaps

investment

We are an investment firm

focused on supply chain imbalances, longstanding US-Mexico commercial link and nearshoring opportunities.

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.

strategy

We aim to implement a long-term investment strategy in businesses that generate recurring cash flows:

1

High gross margin businesses in geographies with nearshoring opportunities in fragmented industries.

2

Long-term investment horizon, reinvesting cash flows to fund growth – bolt-on acquisitions and organic growth – and generate compounded returns.

3

Create value by supporting management teams, institutionalizing corporate structures and streamlining operations with technology.

Leadership
team

Enrique Lanza

Managing partner

 
Enrique is responsible for sourcing, structuring, underwriting and monitoring at Marea.
 
Prior to founding Marea, Enrique invested $340M in industrial RE assets in the Midwest, US, being part of Aurora Industrial, LLC – a RE investment platform, backed by BTG Pactual and Chilean Family Offices.
 
+13-year tenure as Investment Banking Executive Director at Goldman Sachs and Director at Citigroup.
Advised clients on tactical transactions representing over $50Bn of deal value while working in Mexico City and New York, covering North and South America.
 
Serves as Director in Novadvice’s Investment Committee, Director in SEYSES, Investment Committee member in Aurora Industrial and he is mentor at Endeavor since 2012. 
 
Holds a B.A. in Business Administration from Universidad de Oviedo and a Leadership Program in Derivatives and Alternative Investments from London School of Economics.

David Rodriguez

Managing partner


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.

Leadership
team

experience

Selected Team Experience

$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

Value proposition

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

Provide liquidity to investors

Recycling investor base to provide liquidity to investors on specific time windows.

vis-á-vis

Marea vis-á-vis Traditional Private Equity

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