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FODEMI
Jaime Serra Puche's FODEMI, a Mexico City single-family office founded in 2006, deploys capital across real estate, private equity, and venture.
FODEMI
FODEMI was founded in 2006 by Jaime Serra Puche, the former Mexican Secretary of Trade and Industry and lead NAFTA negotiator, following the sale of his stake in Sinca Inbursa to Grupo Financiero Inbursa. The office formalized the investment activities arising from that liquidity event, initially focusing on Mexican real estate development. David Serur joined as CEO in 2010 to professionalize the investment function. The office deploys across venture capital, private equity, and real estate, maintaining a pronounced bias toward direct real asset investments in Mexico and fund commitments in the United States. FODEMI has invested as a limited partner in US venture funds and participated in direct co-investments targeting technology and consumer sectors in cross-border plays. Real estate activity concentrates on commercial and mixed-use developments in Mexico City. Geographic focus spans Mexico and the United States, with selective exposure to Latin American deals. FODEMI runs a lean core team led by David Serur, with investment committee oversight from Serra. The office does not publicize headcount or total deployment figures. Related structures include the family's philanthropic work, though formal separation between investment and charitable vehicles has not been publicly detailed. The office remains deliberately low-profile, communicating only through mandatory regulatory filings. What distinguishes FODEMI structurally is the direct channel from Mexican sovereign-tradecraft experience to private capital deployment — a policy-fluent, principle-level operator making concentrated real asset bets and US venture fund allocations without intermediary wealth-management platforms, a configuration rare among Mexican single-family offices of its vintage.
General information
Firm type
Single Family Office
Year founded
2006
AUM
$500M - $1.5B (Altss estimate)
Location
Region
Latin America
Country
Mexico
City
Mexico City
Corporate office
Mexico City, Mexico
Principals
Jaime Serra Puche
Chairman
David Serur
Chief Executive Officer
Sector focus
Frequently asked questions
Who makes investment decisions at FODEMI?
Investment decisions are overseen by chairman Jaime Serra Puche and CEO David Serur, who joined the office in 2010 to lead day-to-day deployment. The investment committee functions with direct principal involvement, reflecting Serra's background as Mexico's lead NAFTA negotiator and Secretary of Trade and Industry. Specific investment authorities and committee composition have not been publicly detailed.
How is FODEMI capitalized, and where did the wealth originate?
FODEMI was capitalized from proceeds generated by the 2006 sale of Sinca Inbursa, a financial services holding, to Grupo Financiero Inbursa. Jaime Serra Puche held a significant stake in Sinca Inbursa and established the family office following that liquidity event. The office has not publicly disclosed subsequent inflows or total committed capital.
What is FODEMI's investment focus across asset classes?
FODEMI allocates across three primary asset classes: real estate, private equity, and venture capital. Real estate activity centers on direct commercial and mixed-use investments in Mexico, while venture and private equity commitments typically flow into US funds and selective co-investment opportunities. The mandate includes cross-border technology exposure.
Does FODEMI invest directly or through external fund managers?
FODEMI employs a hybrid approach, conducting direct investments in real estate and deploying into US venture capital funds as a limited partner. Co-investment activity has targeted technology and consumer sectors, often in cross-border transactions between Mexico and the United States. The balance between direct and fund commitments is not publicly detailed.
What is FODEMI's geographic mandate?
The office concentrates on Mexico and the United States, with Mexico City serving as the primary market for direct real estate investments. Venture capital commitments flow predominantly to US-based fund managers. Selective Latin American exposure has been noted, though core activity remains tethered to the MX-US corridor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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