Carlyle’s Latin America-focused private investment team led by Eduardo Ramos, is to transition to Miami-based investment firm Grupo Romero Asset Management (GRAM), with the objective of establishing GRAM’s private equity platform in the Americas.
The agreement paves the way for GRAM’s newest private equity strategy to launch a standalone investment fund the Americas Buyout Fund (ABF), that will provide the firm with access to the Carlyle network and global industry experts. With the addition of the former Carlyle Peru-based team, GRAM’s new private equity platform will possess a combined track record of direct investments of nearly $900m throughout the US and Latin America over the past 10 years.
ABF will target opportunities throughout the Hispanic ecosystem across the Americas, and is aiming to begin its fundraising process in Q1 2024. As part of the agreement, Carlyle has the option to invest alongside GRAM in new deals going forward.
As part of this agreement, GRAM has been engaged on a sub-advisory basis to help manage the assets of Carlyle Peru Fund (CPF), allowing continued day-to-day oversight of the portfolio by Ramos and members of the team.
