Legendary Latinx Investors
The most successful investors are those with a vision. They are able to see opportunities where others cannot, often relying on their instincts as much as on cold, hard data.
The Latinx investors on this list may not be all known, but their financial support has helped start or rejuvenate thousands of businesses. With far more success than failures under their belt, they’ve also amassed substantial personal wealth in the process.
Key points to remember
• America’s richest Latinx investor is Orlando Bravo, a native of Puerto Rico who co-founded private equity firm Thoma Bravo.
• Another investor of Puerto Rican origin, Jose Feliciano, has amassed more than $ 3 billion in personal wealth through his finance company Clearlake Capital Group.
• Mexican-American Pablo Legorreta founded Royalty Pharma, which provides funds to pharmaceutical developers in return for future royalty income.
Well done Orlando
In 2008, young dealmaker Orlando Bravo teamed up with buyout guru Carl Thoma to launch private equity software firm Thoma Bravo. Since then, there has been no looking back as the company has proven itself a force in the buyout industry and Bravo becomes the first billionaire born in Puerto Rico. Currently, Forbes sets his net wealth at over $ 6 billion.
Bravo has led more than 325 software company buyouts since the company began, with a total transaction value of over $ 100 billion. His business has been so successful that Forbes crowned him “Best Wall Street Dealmaker” in 2019.
The famous investor has not forgotten his roots. When Hurricane Maria ravaged Puerto Rico in 2017, Bravo led a relief effort for the island. And he’s pledged $ 100 million to support Puerto Rican startups through his foundation’s Rising Entrepreneurs program.
Legoretta founded Royalty Pharma, the world’s largest investor in pharmaceutical royalties, in 1996. The company provides the funding that prescription drug makers such as AbbVie, Pfizer and Merck need to complete late-stage clinical trials and bring products to market in return for future revenue streams. It also purchases existing royalty rights for current pharmaceutical products.
Today, Legoretta, who earned an industrial engineering degree in Mexico City before embarking on a career in investing, is worth well over $ 3 billion, according to Forbes. He devoted part of that fortune to improving the quality of healthcare in Latin America, starting a non-profit organization that provided more than 450 scholarships to doctors and other healthcare providers in order to that they can study abroad.
Through his investment firm Clearlake Capital Group, José Feliciano has combined a rare ability to identify target companies and provide the expertise they need to maximize their growth potential. Feliciano and his team are focused on small and medium-sized businesses, looking for buyout opportunities that might go unnoticed by most investment firms. To date, his company has amassed a strong portfolio of $ 43 billion in assets under management, comprised of companies in the technology, industrial and consumer sectors.
Prior to establishing Clearlake with Behdad Eghbali in 2006, Puerto Rico-born Feliciano held investment banking positions at Goldman Sachs and was CFO of a short-lived tech startup. Today, Feliciano, not to be confused with the musician of the same name, has a personal fortune of over $ 3 billion.
Miami has undergone radical change since Jorge Pérez launched his development company, The Related Group, in 1979. Today, the city displays a skyline that did not exist four decades ago – and perhaps. be that no one has played a bigger role in this transformation than Perez.
Born in Argentina, the visionary real estate mogul moved to the United States in 1968, eventually settling in Miami. When he started The Related Group, he initially focused on collective housing for working-class families, although today he is best known for his high-end developments aimed at the well-to-do. In recent years, “South Florida’s condo king” has also expanded geographically, building or planning projects in subways like Atlanta, Denver and Las Vegas.
Manny Fernandez is best known for his appearances on CNBC’s “Make Me a Millionaire Inventor,” where he shows his talent for spotting and nurturing new business ideas. Behind the camera, Fernandez has an impressive resume with a litany of roles – angel investor, entrepreneur and writer among them.
In 2013, he created SF Angels Group, a consortium of angel investors dedicated to finding promising tech startups in the Bay Area. Shortly thereafter, Fernandez, whose parents are from Puerto Rico, introduced DreamFunded, a “equity-based crowdfunding platform providing exclusive insider access to some of the top private start-up and later-stage companies. wanted in America “.
Fernandez is currently one of the most sought-after private equity experts, speaking regularly at major tech companies and universities around the world.
Saade founded Impact Master Holdings, a company that invests and helps develop businesses in the fields of technological and economic development. The Puerto Rican native is also a venture capital partner at Fenway Summer, a venture capital firm specializing in early stage investments.
Saade brought his considerable expertise to the public sector, assuming the role of Chief Investment and Innovation Officer for the US Small Business Administration during the Obama administration. In this capacity, he has helped manage programs that have invested $ 128 billion in more than 330,000 companies. It looks like he will return to government once again, having recently been appointed by President Biden to chair the Federal Retirement Thrift Investment Board.
The bottom line
Latin Americans have left an indelible mark in the investment world, founding highly successful finance companies that have provided capital to countless companies.