Top 10 Largest Family Offices in LATAM (2025)

Top 10 Largest Family Offices in LATAM (2025)

Why LATAM family capital matters now

Latin America’s dynasties are doing three things particularly well in 2024–2025: (1) converting industrial know-how into control deals (often family-to-family, skipping PE), (2) building infrastructure and energy transition platforms with real KPIs, and (3) turning massive distribution footprints into financial rails. This article spotlights Mexico, Central America, and the Caribbean, and cross-links to our South America list for Brazil/Andean/Southern-cone coverage: https://altss.com/blog/top-10-largest-family-offices-in-south-america-2025.

1) Slim Family — Grupo Carso / Control Empresarial / América Móvil (Mexico)

Live signals (energy). In Dec 2024, Talos agreed to sell an additional 30.1% of its Mexico unit to Slim-controlled Zamajal (Carso + Control Empresarial), taking Zamajal to 80% of Talos Mexico (which holds 17.4% of Zama). Deal economics: $49.7m at close + $33m on first oil. In Sept 2025, Grupo Carso signed a $1.99bn contract with Pemex to drill up to 32 wells at the Ixachi field; Carso earlier took on the Lakach gas project after New Fortress exited.

Allocator take. Carso behaves like an operator-financier: fast tenders, deep EPC/drilling bench, and alignment with national energy priorities. If you pitch, bring contracting structure, uptime plans, and down-case cash—not “energy narrative.”

2) Garza family influence — FEMSA / Coca-Cola FEMSA / OXXO (Mexico)

Portfolio simplification, continued. FEMSA has spent two years slimming into retail, Coke bottling and proximity. In 2025, it completed the divestiture of logistics operations (deal first disclosed in Oct 2024), and posted 2Q25 revenue up 6.3% YoY. The Heineken exit was finalized earlier in 2025, continuing the strategy to recycle non-core equity.

Allocator take. Think repeatable unit economics: proximity retail growth, payments/fintech adjacency, and Coke bottling resilience. When you model it, show FX translation, SKU mix, and working-capital cadence.

3) Servitje Family — Grupo Bimbo (Mexico)

Capex for domestic scale. In July 2025, Bimbo announced > $2bn of investment in Mexico (2025–2028) for operations and sustainability. Management flagged an expected North America recovery through 2025.

Allocator take. This is the region’s quintessential operating compounding story: brands, route density, and capex discipline. If you bring a deal, tie it to energy efficiency, automation, or cold-chain ROI—not slogans.

4) Garza Sada families — ALFA / Sigma Alimentos; Alpek spin-off (Mexico)

Corporate surgery done. ALFA’s 2024 plan culminated with Controladora Alpek (CTALPEK) listing on Apr 7, 2025; shareholders received 1 CTALPEK per 1 ALFA share. Post spin, Sigma reported 2Q25 EBITDA $305m (YTD $576m), while Alpek guided for a 2025 environment similar to 2024.

Allocator take. This is a case study in governance-heavy value unlock. If you propose transactions here, be crisp on margin normalization, index inclusion, and free-float/liquidity effects.

5) Baillères Family — Grupo Bal (Peñoles / Fresnillo / GNP) (Mexico)

Cycle-tested metals owners. Fresnillo’s 2Q25 production report held 2025 guidance (49–56 moz silver; 525–580 koz gold), while Peñoles posted 2Q25 results with a stable S&P outlook in May. This is family control plus listed transparency—uncommon in the region.

Allocator take. To win here, show cost-curve position, permitting/community posture, and portfolio hedging—and avoid heroic commodity decks.

6) Kriete Family — Avianca / Abra Group (Central America & Andean)

Scaling the platform. In Oct 2025, Abra (Avianca + GOL) disclosed an incremental order for 50 A320neo and five A350-900s and said it would confidentially file for a U.S. IPO. Lease agreements for A330-900neo widebodies followed, with deliveries slated for 2026.

Allocator take. This is a network + loyalty + cost thesis. If you pitch, map fleet economics and slot strategy, not vanity routes.

7) Poma Family — Grupo Poma / Real Hotels & Resorts (El Salvador)

Regional hospitality at scale. In June–July 2025, Grupo Poma and IHG opened the InterContinental Real Lima Miraflores and Hotel Indigo Lima Miraflores—a dual-property anchor expanding Poma’s LatAm footprint; Poma also advanced a JW Marriott in San Salvador via a 2024 franchise agreement.

Allocator take. Expect Poma to keep compounding via brand partnerships and mixed-use adjacencies. Bring capex per key, RevPAR uplift, and energy efficiency math to the room.

8) Motta Family — Inversiones Bahía (Panama)

Governance and bench. The Motta group remains an anchor investor in Copa Holdings, Banco General, ASSA, and more. In 2025, founder Stanley Motta transitioned from Chair to Executive Chairman/Board role as part of succession; the family office remains the region’s quiet co-investor in infrastructure, retail distribution, and insurance.

Allocator take. The angle here is patient control capital with Central American scale. Show regulatory readiness (aviation/insurance) and FX-hedged cash flows.

9) Bosch-Gutiérrez Family — CMI (Corporación Multi Inversiones) (Guatemala & Caribbean)

Food + renewables dual flywheel. CMI’s energy arm exceeded 800 MW of renewables across six countries and has been adding Caribbean exposure (e.g., Mata de Palma solar in the Dominican Republic). The group widened its North America food platform by acquiring Del Real Foods (Oct 2024); ratings support for its renewables issuer IERL was affirmed BB/Stable in Mar 2025.

Allocator take. Pitch structured green capex with contracted offtake, or U.S. Hispanic foods adjacencies where CMI’s route-to-market is an edge.

10) GraceKennedy (Jamaica) — Mahfood-led conglomerate with regional finance

Consolidating insurance. In 2025, GraceKennedy Financial Group (GKFG) moved to fully acquire Key Insurance (offer launched Mar 2025), and by July 30, 2025 reported ~99% ownership—cleaning up a core vertical ahead of further Caribbean expansion.

Allocator take. Read this as a regional financial rails story: payments, remittances, and general insurance. If you bring a deal, quantify loss ratios, float yields, and digital origination.

What about Brazil, Chile, Peru, Colombia, and Argentina?

Those Southern-cone and Andean control houses (Safra, Luksic, Votorantim, Angelini, Romero, Werthein, Bulgheroni, Breca, Gilinski, Sarmiento) are already in our South America list—with dated 2024–2025 transactions and allocator notes. For that deep dive, go here: https://altss.com/blog/top-10-largest-family-offices-in-south-america-2025.

Two quick cross-over LATAM signals worth flagging:

• Gilinski / Nutresa (Colombia, Andean platform): 2025 saw buybacks and continued consolidation after the 2024 public offers that cemented majority control; regulator-driven share suspensions and $12 tender mechanics set the path.
• Werthein (Argentina) → connectivity & fintech: Vrio’s Project Kuiper tie-up spans seven South American countries, while skx fintech is rolling out in Brazil off SKY’s supplier base (see the South America post for detail).

Three currents shaping LATAM family dealflow into 2026

1) Operator-led energy packages (Mexico & Andean).
Carso’s Ixachi contract and the Zama restructuring show families acting as principal developers under service models that suit national priorities. Expect more service+capital hybrids in gas and midstream.

2) Corporate surgery to unlock liquidity (Monterrey school).
ALFA → CTALPEK demonstrates that families will do hard governance to surface value and align listings with investor bases. Track index eligibility and free float in Mexico.

3) Distribution → fintech and insurance rails (Caribbean & Mexico).
GraceKennedy is bulking up in P&C; retail ecosystems (OXXO, Bimbo routes, SKY/Vrio) are morphing into origination channels. This is less about “fintech” and more about data-rich, low-cost acquisition.

How to win LATAM family capital (2025–2026)

Lead with dated evidence. Quote the quarter, the KPI, the filing, the docket. If it isn’t timestamped, it won’t land.

Offer influence where it matters. Co-control, pre-agreed co-invest, and genuine liquidity paths—not “IRR theatre.”

Bring operator fluency. Maintenance cycles, off-take/PPAs, availability, and down-case cash—not TAM slides.

Align to geography + policy. Energy and infrastructure must match regulatory cadence and FX reality country by country.

Translate sustainability to unit economics. Savings per MWh, capex per key, loss-ratio delta—numbers, not adjectives.

Why Altss

Altss is the allocator-intelligence OSINT layer for private markets. It continuously monitors filings, regulator dockets, DFI/ECA financings, board and ownership changes, capex programs, and local-language media across LATAM, then normalizes them into dated, source-backed signals mapped to families, vehicles, and gatekeepers. The result: IC-ready briefs, real-time alerts, and watchlists that help you spot pre-auction control deals, assemble credible co-invest lists, and replace days of desk research with minutes—while keeping an auditable trail for compliance. If you’re raising, diligencing, or actively deploying, Altss turns noisy headlines into decision-grade intelligence.