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GAMA Wealth Management, LLC
GAMA Wealth Management was established in 2010 by Gustavo A. Maranges, a former investment banker at Merrill Lynch and UBS.
GAMA Wealth Management, LLC
GAMA Wealth Management was established in 2010 by Gustavo A. Maranges, a former investment banker at Merrill Lynch and UBS. The firm originated from the Maranges family's own wealth, built through industrial and real estate enterprises in Latin America. It has since evolved to serve a select group of high-net-worth families from the region. Strategy spans direct real estate investments, private credit, infrastructure, and energy transition projects, alongside selective private equity co-investments. The firm is known for acting as a capital partner to North American sponsors, often taking equity positions in multifamily and industrial properties in Sun Belt markets. GAMA has also participated in infrastructure funds focused on renewable energy and transportation. The firm maintains a lean team of about 15 professionals in Miami, with affiliate offices in Bogotá and São Paulo to support Latin American client relationships. In 2023, GAMA expanded its private credit practice to focus on middle-market corporate lending in the US. The firm operates a separate philanthropic foundation, GAMA Foundation, which funds education and healthcare projects in Latin America. GAMA's structural differentiator is its dual role as both an asset manager raising external capital from families and as a direct investor of the Maranges family capital. This hybrid model allows the firm to align its own balance sheet with client capital, particularly in real estate and private credit strategies where it co-invests alongside external investors.
General information
Firm type
Multi Family Office
Year founded
2010
AUM
$500 million – $1 billion (Altss estimate)
Location
Region
North America
Country
United States
City
Miami
Corporate office
Miami, FL, United States
Principals
Gustavo A. Maranges
Founder and Chief Executive Officer
Alejandro Maranges
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at GAMA Wealth Management?
Gustavo A. Maranges serves as Founder and CEO, setting overall strategy. His son, Alejandro Maranges, is Chief Investment Officer and oversees asset allocation and direct investment decisions. The investment committee includes both family members and external advisors with real estate and private credit backgrounds, per the firm's official communications.
How does GAMA source proprietary deal flow?
GAMA leverages its Latin American family office network to source off-market real estate and infrastructure deals, particularly in the US Sun Belt. The firm also originates private credit opportunities through direct relationships with middle-market companies and sponsors. Public records show the firm acts as a capital partner to several US real estate developers.
What investment stages does GAMA typically target?
GAMA focuses on direct investments and co-investments in real estate (value-add and construction), private credit (senior secured and mezzanine), and infrastructure (renewable energy and transportation). It also participates in private equity funds managed by third-party sponsors, acting as a limited partner. The firm rarely invests in venture capital or early-stage companies.
Does GAMA maintain philanthropic structures, and how are they separated?
Yes, GAMA operates the GAMA Foundation, a separate philanthropic entity focused on education and healthcare projects in Colombia and other Latin American countries. The foundation is funded by the Maranges family and receives no client capital. It operates independently from the firm's investment activities, per public record.
What is GAMA's known posture on co-investments alongside external GPs?
GAMA regularly co-invests alongside external general partners in real estate and private credit transactions. The firm typically contributes 10%–25% of equity in co-investments and serves as a lead investor in some club deals. Public records indicate co-investments with sponsors such as Related Group and Lennar in Florida multifamily projects.
Where does the underlying wealth come from?
The Maranges family wealth originates from industrial manufacturing and real estate holdings in Colombia and the broader Latin American region, accumulated over several generations. GAMA does not publicly disclose the full composition of its family balance sheet, but the firm's client base largely consists of Latin American families with similar backgrounds.
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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