Medina Capital

Manuel D. Medina, the founder and managing partner, leads all investment decisions. His operating background is central to the firm's evaluation process: having founded and run Terremark Worldwide through its $1.4 billion acquisition by Verizon, he brings direct C-suite experience in scaling technology infrastructure businesses. The investment team structure is lean, consistent with a concentrated portfolio approach rather than a multi-fund manager model.

Verizon acquired Terremark Worldwide, a data center and cloud services company founded by Manuel D. Medina, for $1.4 billion in 2011. That exit anchors Medina Capital's investment thesis: the firm targets companies operating in cybersecurity, cloud infrastructure, and critical technology sectors where the principal's operational experience provides a genuine edge in due diligence and post-investment oversight. The Terremark outcome also established Medina's credibility with enterprise buyers, which portfolio companies can leverage for customer introductions and partnership scaling.

Medina Capital was instrumental in the formation of Cyxtera Technologies, a data center colocation and connectivity provider. The firm helped structure the carve-out of data center assets from CenturyLink and subsequent launch of Cyxtera as a standalone entity. Cyxtera later went public via a SPAC merger before undergoing a Chapter 11 restructuring in 2023 and selling assets to Brookfield Infrastructure Partners. The transaction illustrates Medina Capital's model: combining operating expertise with structured, asset-heavy technology deals.

Yes. While cybersecurity is the firm's most consistent thematic throughline, its portfolio scope extends to enterprise software, artificial intelligence and machine learning platforms, and infrastructure plays at the intersection of energy and data centers. The firm evaluates opportunities where complex enterprise infrastructure requirements create barriers to entry that advantage teams with operational experience in scaling mission-critical systems.

The firm's investment activity is concentrated in North America, with deal flow originating primarily from US technology hubs including Florida, the Atlantic coast, and Texas. There is no public record of direct investments in Europe or Asia through the Medina Capital vehicle, although portfolio companies may serve international customers through their own operations. The firm's Miami-area location positions it to access Latin American technology deal flow, though such investments are not confirmed.

Deal sourcing relies heavily on Manuel D. Medina's personal network, built over decades in enterprise technology infrastructure. The Terremark exit and subsequent involvement with Cyxtera and Appgate created relationships with enterprise technology buyers, institutional co-investors, and investment banks active in cybersecurity M&A. This network generates proprietary deal flow that a purely financial sponsor without an operational track record would find difficult to replicate.

Medina Capital is structured as an asset manager deploying capital generated from the Terremark exit alongside capital from external limited partners on a deal-by-deal or fund basis. The exact LP composition is not publicly disclosed. The firm does not market itself as a family office, and its investment activities include co-investment structures consistent with a private investment firm model rather than exclusively managing a single-family balance sheet.