# TC Latin America Partners

TC Latin America Partners is an Asset Manager based in San Juan, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Juan, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2018
- **Assets under management:** $500M - $1B (Altss estimate)
- **Website:** tclam.com
- **LinkedIn:** https://www.linkedin.com/company/tc-latin-america-partners

## Regulatory record

- **CRD number:** 307441
- **SEC file number:** 801-118150
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/307441

## About

TC Latin America Partners LLC is an SEC-registered investment adviser in San Juan, PR, registered since 2020. The firm manages approximately $530 million in regulatory assets. It has 9 employees and 7 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Energy Transition & Renewables

## Offices

- Mexico City, Mexico
- Santiago, Chile

## People

- Jorge L. Tena — Founder and Managing Partner
- Paul M. Cohn — Managing Partner

## Questions

### Who runs investment decisions at TC Latin America Partners?

Investment decisions rest with co-founders Jorge L. Tena and Paul M. Cohn. Both partners sit on every investment committee and take personal responsibility for origination and structuring. The firm operates a flat senior team without a separate investment committee layer, meaning allocators can speak directly to the decision-makers on any given deal.

### How is the firm's AUM estimated if it does not disclose a figure publicly?

The firm keeps its AUM private. Altss estimates $500M–$1B in aggregate discretionary capital based on two completed real estate fund vintages, co-investment vehicles, and credit mandates. Published fundraising reporting (PERE News, November 2023) and project-level disclosures support a capital base within that band.

### What is the geographic footprint of TC Latin America Partners' investments?

The firm targets the Pacific Alliance countries — Mexico, Chile, Colombia, and Peru. Mexico and Chile represent the largest allocation by deployed capital, driven by those markets' institutional property sectors and rule-of-law frameworks. The firm maintains offices in Mexico City and Santiago alongside its New York headquarters to stay close to operating partners.

### Does TC Latin America Partners invest via funds, co-investments, or both?

Both. The firm manages discretionary private real estate funds while simultaneously offering institutional investors co-investment rights on individual assets. This dual model lets LPs choose between committing to a diversified fund vehicle or evaluating specific projects on a deal-by-deal basis — a structure designed to address concerns about blind-pool governance in emerging markets.

### Which sectors does the firm actively invest in?

Confirmed focus areas include logistics and industrial real estate — such as last-mile facilities in Mexico City — alongside build-to-rent residential platforms in Santiago, renewable energy infrastructure, and developer bridge credit. The common thread is supply-constrained real assets in countries where local bank financing remains too short-tenor or conservative to support project economics.

### How does TC Latin America Partners source its deals?

Deal flow comes from the founders' decades-long relationships with regional developers, family-owned property groups, and local financial institutions. The firm does not run a competitive auction process in the traditional sense. Instead, it structures bilateral negotiated transactions with operating partners it has known across multiple cycles — a sourcing model that depends heavily on the personal networks of Tena and Cohn.

## Related profiles

- [Taylor Stephens](https://altss.com/profile/taylor-stephens-inc)
- [TCG Labs](https://altss.com/profile/tcg-labs)

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Last updated: 2026-06-03T20:00:00.000Z

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