# Drake Group (Ibanez Family Office)

Drake Group (Ibanez Family Office) is a Single Family Office based in New York, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2000
- **Assets under management:** 1400 (Altss estimate)
- **Website:** drakespm.com

## Regulatory record

- **Reports private funds:** No

## About

Drake Group was established in 2000 by Nicolas Ibanez Scott. Nicolas Ibanez Varela and David Cotterman later formed Drake Real Estate Partners to execute the property allocation. The office deploys across real estate, private equity and direct operating-company stakes. Asset classes include industrial properties, residential portfolios and mixed-use developments. Confirmed holdings comprise Queens Logistics Development in New York, Broadmoor Gardens, plus Indesa and Altura projects in Chile. Geographic reach covers North America, Chile, Asia and Oceania. Drake Real Estate Partners also commits capital alongside external sponsors in club-style arrangements. The team numbers several named professionals including Alberto Eguiguren and Edmundo González, who joined in 2013. Additional vehicles include the Drake Foundation and Kilchoan Melfort Trust. David Cotterman maintains YPO membership. No operational events from the last 24 months appear in public records. The structure separates the core family office from Drake Real Estate Partners, allowing distinct co-investment mandates and board representation on portfolio companies such as Manuka and PJ Chile. This separation supports direct control over real-asset execution while preserving family oversight of the broader book.

## Sectors

- Industrial Tech
- Mobility & Transportation

## People

- Edmundo González — Portfolio Manager

## Questions

### Who runs investment decisions at Drake Group?

Nicolas Ibanez Scott serves as founder. Nicolas Ibanez Varela and David Cotterman lead Drake Real Estate Partners. Alberto Eguiguren and Edmundo González handle portfolio execution.

### How does Drake Group source proprietary deal flow?

Sourcing occurs through family networks in Chile and direct relationships with operators. David Cotterman previously worked at MSD Capital, providing additional channels.

### Does Drake Group participate in fund commitments or only direct deals?

The office executes direct stakes and co-investments. Drake Real Estate Partners also pursues club deals alongside sponsors such as CD&R.

### What investment stages does Drake Group typically target?

The mandate favors established operating businesses and income-producing real estate rather than early-stage venture.

### Does Drake Group maintain philanthropic structures?

Yes. The Drake Foundation and Chile+Hoy operate separately from the investment vehicles. Nicolas Ibanez Scott also supports Tompkins Conservation and the Atlas Network.

### What is Drake Group's known posture on co-investments alongside external GPs?

Drake Real Estate Partners joins external sponsors in select transactions. Tom Franco of CD&R has advised on real-estate opportunities.

## Related profiles

- [Cheah Capital](https://altss.com/profile/cheah-capital)
- [PWS Family Office](https://altss.com/profile/pws-family-office)

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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/drake-group-ibanez-family-office

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