Portfolio
A selection of the businesses we back.
A representative list of our direct investments across real estate, hospitality, consumer, technology, and finance. Some positions are public, most are not.
Cinemex
1993—2002
Cinema · Founding venture
Co-founded by Adolfo Fastlicht and grown into Mexico’s second-largest cinema exhibitor, with JP Morgan Capital as lead investor. Exited in 2002 — the cornerstone capital event that established the office.
Mexico
Realized
W Hotel Punta de Mita
Axel Hotel Madrid
Hospitality
Spain
FIHO12
Veneros
Residential development
A residential development project in Puerto Vallarta. A long-hold real-estate position in one of Mexico’s most enduring coastal markets.
Wynwood House
A short-term rental platform building a portfolio of design-led properties across Latin America’s most-visited markets.
Latin America
The LOT
A leading luxury cinema operator headquartered in San Diego. Reimagining the theatrical experience for a premium audience.
United States
Ethos
Education
An early-education center in Boston. A long-hold position in a category with structural demand and durable, recurring economics.
United States
Newww
Telecommunications
One of the leading mobile virtual network operators in Mexico. A bet on the next generation of consumer telecom in a rapidly digitizing market.
Mexico
Operating
SATCO
Manufacturing
A manufacturing facility in China supplying hardware to the global communications industry. A direct operating position in industrial infrastructure.
China
Industrial
SpaceX
2019
Aerospace
Reusable launch and orbital infrastructure. A generational platform lowering the cost of access to space.
Private
Rappi
2018
The leading on-demand commerce platform across Latin America. A regional super-app with structural network advantages.
Private
Late Stage
Carta
2018
Capital markets
Equity and ownership infrastructure for private companies. A foundational layer of modern private capital.
Private
Late stage
Devoted Health
2019
Healthcare
A new model of Medicare Advantage built around longitudinal patient relationships.
Private
Growth
Compass Pathways
2020
Mental health
Clinical-stage development of psilocybin therapy for treatment-resistant depression.
NASDAQ: CMPS
Public
ATAI Life Sciences
2020
Biotechnology
A platform building multiple mental-health drug development programs in parallel.
NASDAQ: ATAI
Public
FIHO12
Real estate · REIT
A leading hospitality REIT in Mexico. An early conviction position taken pre-IPO and held through the public listing.
BMV: FIHO12
Public
Veneros
Residential development
A residential development project in Puerto Vallarta. A long-hold real-estate position in one of Mexico’s most enduring coastal markets.
Mexico
Development
W Hotel Punta de Mita
Hospitality
An iconic resort property on the Pacific coast of Mexico. A long-hold position in a destination market with enduring international demand.
Mexico
Real asset
Axel Hotel Madrid
Hospitality
A boutique hospitality investment in central Madrid, developed in partnership with Limestone Capital and Aethos.
Spain
Real asset
Wynwood House
A short-term rental platform building a portfolio of design-led properties across Latin America’s most-visited markets.
Latin America
Cinemex
1993—2002
Co-founded by Adolfo Fastlicht and grown into Mexico’s second-largest cinema exhibitor, with JP Morgan Capital as lead investor. Exited in 2002 — the cornerstone capital event that established the office.
Mexico
Realized
The LOT
A leading luxury cinema operator headquartered in San Diego. Reimagining the theatrical experience for a premium audience.
United States
Ethos
An early-education center in Boston. A long-hold position in a category with structural demand and durable, recurring economics.
United States
Rappi
2018
The leading on-demand commerce platform across Latin America. A regional super-app with structural network advantages.
Private
Newww
Telecommunications
One of the leading mobile virtual network operators in Mexico. A bet on the next generation of consumer telecom in a rapidly digitizing market.
Mexico
Operating
SATCO
A manufacturing facility in China supplying hardware to the global communications industry. A direct operating position in industrial infrastructure.
China
Industrial
SpaceX
2019
Reusable launch and orbital infrastructure. A generational platform lowering the cost of access to space.
Private
Devoted Health
2019
Healthcare
A new model of Medicare Advantage built around longitudinal patient relationships.
Private
Compass Pathways
2020
Clinical-stage development of psilocybin therapy for treatment-resistant depression.
NASDAQ: CMPS
ATAI Life Sciences
2020
A platform building multiple mental-health drug development programs in parallel.
NASDAQ: ATAI
Carta
2018
Capital markets
Equity and ownership infrastructure for private companies. A foundational layer of modern private capital.
Private
This list is selective and updated periodically. Several holdings are not disclosed publicly out of respect for our portfolio companies and operating partners.
§ Fund commitments
Managers we back.
8VC
Generalist · Multi-Stage
A founder-led firm investing in technology-enabled platform companies across enterprise, defense, healthcare, and consumer infrastructure.
Presight Capital
Early stage · Frontier tech
A conviction-led seed and Series A firm investing in scientific and technical founders at the earliest stages.
Dila Capital
Latin America · Early Stage
One of the longest-tenured venture firms in Latin America, with deep regional networks and a multi-cycle track record.
YaaX Capital
Cannabis · Specialty
A specialty fund founded and managed by Andrés Azcárraga, focused on the global cannabis industry. An early commitment to a category-defining manager in an emerging asset class.