Key Takeaways
- • Grupo Romero Asset Management (GRAM), the Miami-based investment arm of Peruvian conglomerate Grupo Romero, has partnered with Carlyle Group to establish a new Americas-focused buyout fund targeting Hispanic businesses across the region.
- • GRAM will acquire a 50 percent stake in the new entity, with Carlyle's Latin America team retaining the other 50 percent ownership, creating an equal partnership structure.
- • Carlyle's Latin America-focused private investment team, led by Eduardo Ramos, is transitioning from Carlyle to GRAM to lead the new platform, representing a significant talent acquisition for the Miami-based firm.
- • The new fund targets investment opportunities in the Hispanic business ecosystem across the Americas, expanding GRAM's platform beyond its existing Latin America focus to include broader regional coverage.
- • This partnership combines Grupo Romero's capital and regional network with Carlyle's institutional expertise and deal-sourcing capabilities in private equity.
Summary
Grupo Romero Asset Management has formalized a strategic partnership with The Carlyle Group to launch a new buyout fund focused on acquiring and growing Hispanic-owned and Hispanic-focused businesses across the Americas. Under the agreement, GRAM will hold a 50 percent stake in the newly formed entity, with Carlyle retaining equal ownership, establishing a balanced joint venture structure designed to leverage the strengths of both organizations.
The partnership marks a significant organizational transition for Carlyle's Latin American operations. Eduardo Ramos, who leads Carlyle's Latin America-focused private investment team, will move to GRAM along with the broader team, relocating their operations to the Miami headquarters. This transition signals both Carlyle's strategic shift in how it manages regional exposure and GRAM's ambitions to scale its private equity platform through established leadership and operational expertise.
GRAM, the investment arm of Grupo Romero—a major Peruvian conglomerate—brings substantial capital resources and regional relationships to the partnership. Carlyle contributes its institutional infrastructure, deal-sourcing networks, and proven operational playbook for buyout investing. The combined platform positions itself to identify and execute transactions across the Hispanic business ecosystem, a market segment that represents significant opportunity for institutional investors seeking exposure to underserved entrepreneurial segments and family-owned enterprises across the Americas.
The timing of this partnership reflects broader institutional investor interest in Latin American private equity and the growing importance of dedicated regional platforms. By co-locating in Miami and establishing equal ownership, both parties signal long-term commitment to the platform while maintaining distinct strategic identities. The structure allows GRAM to leverage Carlyle's global resources while preserving the agility and regional focus that smaller, specialized platforms often provide to investors seeking differentiated deal access.
The partnership marks a significant organizational transition for Carlyle's Latin American operations. Eduardo Ramos, who leads Carlyle's Latin America-focused private investment team, will move to GRAM along with the broader team, relocating their operations to the Miami headquarters. This transition signals both Carlyle's strategic shift in how it manages regional exposure and GRAM's ambitions to scale its private equity platform through established leadership and operational expertise.
GRAM, the investment arm of Grupo Romero—a major Peruvian conglomerate—brings substantial capital resources and regional relationships to the partnership. Carlyle contributes its institutional infrastructure, deal-sourcing networks, and proven operational playbook for buyout investing. The combined platform positions itself to identify and execute transactions across the Hispanic business ecosystem, a market segment that represents significant opportunity for institutional investors seeking exposure to underserved entrepreneurial segments and family-owned enterprises across the Americas.
The timing of this partnership reflects broader institutional investor interest in Latin American private equity and the growing importance of dedicated regional platforms. By co-locating in Miami and establishing equal ownership, both parties signal long-term commitment to the platform while maintaining distinct strategic identities. The structure allows GRAM to leverage Carlyle's global resources while preserving the agility and regional focus that smaller, specialized platforms often provide to investors seeking differentiated deal access.
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