Alcalá Investments

Alcalá Investments

Alcalá Investments launched in 2007 in Santiago, Chile, founded by Juan Rius García and built on principals' wealth originating in investment banking and asset management. The multi-family office was designed to offer consolidated portfolio management to high-net-worth families across Latin America, operating free from the product-distribution conflicts that define many regional wealth managers. In 2019, Chilean financial services group LarrainVial acquired a stake, adding institutional backing and linking the firm to a broader network of investment banking and asset management capabilities through board representation by ST Capital's President, Leonidas Vial C. The firm's core is an open-architecture advisory platform that constructs bespoke portfolios without manufacturing or maintaining any proprietary investment products. Its conviction is that pure fee-based advice aligns interests; all income derives from client contracts. The asset-class mix emphasizes alternatives, with confirmed investment types including distressed and turnaround situations, private credit, and real estate. Its geographic footprint spans South America, North America, and the Caribbean. While Alcalá does not publicly disclose a detailed roster of fund commitments or direct co-investments, it runs a dedicated alternative asset program to customize exposure for each family client. Operational leadership sits with General Manager José Miguel Alcalde, supported by a team of multifamily office managers: Pelayo Figueroa, Ignacio Zapata, Pablo Esquivel, and Rodrigo Álvarez. Carolina del Campo, formerly Co-Head of Family Offices at Compass Group, leads the multifamily office division as Gerente de Multifamily Office. Alcalá also maintains a U.S.-based Registered Investment Advisor entity, Alcalá Multifamily Office LLC, to serve cross-border client needs. The firm's client assets total more than US$650 million (Altss estimate), and its philanthropic ties include Fundación Educacional Barnechea and the LarrainVial Foundation. Alcalá's structural differentiator is its legally enforced open-architecture posture inside a region where many family-office platforms are tethered to in-house fund manufacturing. By refusing to develop or sell proprietary products, the firm positions itself as a genuinely neutral allocator for families consolidating assets across jurisdictions. The 2019 backing by LarrainVial adds governance infrastructure but preserves the advisory-only model, creating a hybrid of boutique multi-family office agility and the permanence of an established financial group.