# Baluarte Capital US

Baluarte Capital US is an Asset Manager based in Miami, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 2018
- **Assets under management:** $100M - $500M (Altss estimate)
- **Website:** baluartecapital.com
- **LinkedIn:** https://www.linkedin.com/company/baluartecapital

## Regulatory record

- **CRD number:** 328830
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328830

## About

BALUARTE CAPITAL US is a state-registered investment adviser with $39 million in regulatory assets under management. The firm manages $18 million on a discretionary basis. It has 3 employees and 2 investment advisers.

## Sectors

- Hedge Funds
- Energy Transition & Renewables
- Infrastructure
- Private Credit

## People

- Gonzalo Chico Barbier — Founder & Chief Investment Officer

## Questions

### Who runs investment decisions at Baluarte Capital US?

Founder and Chief Investment Officer Gonzalo Chico Barbier runs the investment process. Before launching Baluarte in 2018, Barbier was a vice president at energy private equity firm Riverstone Holdings, where he spent over ten years sourcing and structuring energy infrastructure deals across Latin America. He holds an engineering degree from Universidad Pontificia Comillas in Madrid and an MBA from Columbia Business School.

### What is Baluarte's investment strategy?

The firm runs a fundamental long/short equity strategy concentrated on publicly traded companies in global infrastructure and energy transition. Public filings show the firm takes positions in equity, preferred stock, and select credit instruments. Short positions are used both for hedging and for expressing negative views on overvalued or structurally challenged companies.

### How does Baluarte source differentiated investment ideas?

The sourcing model leans heavily on Barbier's 10-plus-year network across Latin American energy ministries, state-owned energy companies, and project finance institutions. This gives the firm early visibility into infrastructure contracting patterns, LNG offtake negotiations, and regulatory shifts that affect publicly traded companies with Latin American exposure, a channel that few US-based long/short equity managers maintain.

### Does Baluarte invest in private markets or only public securities?

Baluarte Capital US operates as a public-markets hedge fund, not a private equity firm. Its positions are predominantly in publicly traded equities and related securities. There is no publicly disclosed private investment vehicle or separate PE fund structure.

### What geographies does the firm focus on?

The portfolio targets developed-market-listed companies — primarily in the US — where the underlying business or management team has meaningful exposure to Latin America and the Caribbean. Confirmed holdings include LNG infrastructure and gas-to-power firms with contract portfolios concentrated in Brazil, the Caribbean basin, and Central America.

### What is Baluarte's known posture on energy transition versus legacy hydrocarbons?

The portfolio tilts toward energy transition and infrastructure modernization rather than exploration and production. Holdings in floating LNG, gas-to-power, and fuels-transition logistics suggest a focus on the bridge between legacy hydrocarbons and lower-carbon energy delivery systems, a theme that maps closely to Barbier's earlier deal experience at Riverstone.

## Related profiles

- [Ballew Advisors](https://altss.com/profile/ballew-advisors-inc)
- [Barnett Capital Advisors](https://altss.com/profile/barnett-capital-advisors-llc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/baluarte-capital-us

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