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GrayChase Wealth Advisory
Carlos Rodriguez runs GrayChase Wealth Advisory, a Miami multi-family office structuring US real estate and credit deals for Latin American families.
GrayChase Wealth Advisory
GrayChase Wealth Advisory was established in Miami in 2011, a period when capital flight from Latin America was intensifying. The firm, led by CEO and CIO Carlos A. Rodriguez, structured itself as a multi-family office and registered investment advisor serving a concentrated cohort of high-net-worth families predominantly from Venezuela, Colombia, and Brazil. Rather than competing as a generalist wealth manager, GrayChase built its practice around cross-border legal architecture, helping families move capital into US-regulated instruments that isolated assets from home-country political and currency risk. The firm's deployment concentrates on US real estate and private credit, with additional allocations to private equity and hedge fund strategies via a fund-of-funds sleeve. GrayChase operates as a direct syndicator on the real estate side, pooling family capital into specific multifamily, industrial, and self-storage properties, primarily across Florida and the Southeastern US. On the credit side, the firm participates in middle-market direct lending deals, often alongside regional banks. The model deliberately avoids liquid public markets as a primary alpha engine, instead serving as a structural bridge between Latin American balance sheets and US alternative assets. GrayChase maintains a lean team in Miami, augmented by a network of legal and tax advisors in the jurisdictions where its families hold assets. The firm does not publicly disclose assets under management or total deployment. Julio C. Villar joined the firm to lead client solutions, reflecting the relationship-intensive nature of the practice where each family's structure is bespoke. GrayChase does not advertise a philanthropic foundation or an affiliated operating company, and its principals do not participate visibly in industry groups like Tiger 21 or YPO. What structurally differentiates GrayChase is its role as a unified transaction lawyer and investment allocator for families navigating unstable legal environments. Unlike a pure RIA that sources third-party funds, GrayChase creates the deals — syndicating the real estate and negotiating the credit terms directly — giving its families a degree of control and transparency that a standard feeder fund into a Blackstone vehicle would not provide. The governance model centralizes investment authority with Rodriguez as CIO, a common but high-conviction structure in tightly held multi-family offices.
General information
Firm type
Asset Manager
Year founded
2011
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Miami
Corporate office
Miami, FL, United States
Principals
Carlos A. Rodriguez
Chief Executive Officer & Chief Investment Officer
Julio C. Villar
Managing Director, Head of Client Solutions
Sector focus
Frequently asked questions
Who runs investment decisions at GrayChase?
Carlos A. Rodriguez serves as both Chief Executive Officer and Chief Investment Officer, concentrating investment authority in a single decision-maker. This is a standard structure for multi-family offices with a concentrated client base, where bespoke deal execution and legal structuring outweigh the need for a broad investment committee. Rodriguez has led the firm since its founding in 2011.
How does GrayChase source its real estate deals?
GrayChase syndicates real estate directly rather than allocating to external real estate fund managers. The firm focuses on multifamily, industrial, and self-storage assets primarily in Florida and the Southeastern United States. Sourcing relies on a relationship network with regional developers, brokers, and banks, aligning with the firm's role as an active transaction participant rather than a passive allocator in the asset class.
Is GrayChase a single-family office or a multi-family office?
GrayChase operates as a multi-family office, pooling capital from a concentrated group of high-net-worth families. The firm is registered as an investment advisor and structures each family relationship independently, with legal entities designed to fit the specific cross-border requirements of families from distinct jurisdictions in Latin America.
Where does the underlying wealth come from?
The firm's client base consists predominantly of families from Venezuela, Colombia, and Brazil, though GrayChase does not publicly identify individual families or the specific industries that generated their wealth. The founding timing in 2011 and the Miami location position the firm within the broader wave of Latin American capital migrating to US assets during a period of political instability and currency devaluation across the region.
Does GrayChase participate in fund commitments or only direct deals?
GrayChase does both. The firm acts as a direct syndicator for its real estate and private credit allocations, creating the investment structures. For private equity and hedge fund exposure, it operates a fund-of-funds approach, selecting external managers for its clients. The direct deals provide jurisdictional control; the fund commitments provide diversification beyond the firm's in-house sourcing capacity.
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