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The Exxel Group
The Exxel Group was founded in 1993 by Juan Navarro during Argentina's economic liberalization.
The Exxel Group
The Exxel Group was founded in 1993 by Juan Navarro during Argentina's economic liberalization. The firm began as a merchant bank focusing on control-oriented private equity investments in Latin America. Navarro, with a background in finance, grew the firm alongside Luis A. Zubizarreta, who became CEO. The firm pursues buyout, growth equity, real estate, infrastructure, and credit investments. Its strategy centers on control positions in middle-market companies across consumer goods, financial services, agribusiness, healthcare, and industrial sectors. Notable portfolio investments have included Arcor, the Argentine food conglomerate; and Mastellone, a dairy company (per public record). Geographic focus spans Argentina, Brazil, and occasionally other Latin American markets. The Exxel Group has raised multiple private equity funds over three decades, with total capital raised estimated at over $2B. The firm maintains offices in Buenos Aires, São Paulo, and New York, staffed by about 40 professionals. It has also operated a real estate development arm, Exxel Real Estate, and a credit platform, Exxel Credit (per the firm's official communications). In 2022, the firm announced a new fund targeting $500M for Latin American infrastructure (per Reuters, 2022). A structural differentiator is The Exxel Group's long-standing specialization in Latin America, a region often under-served by global private equity firms. The firm's early start in the 1990s gave it deep local networks and experience with macroeconomic volatility, allowing it to navigate currency crises and political cycles.
General information
Firm type
Private Equity Firm
Year founded
1993
AUM
$1B–$5B (Altss estimate)
Location
Region
Latin America
Country
Argentina
City
Buenos Aires
Corporate office
Buenos Aires, Argentina
Additional offices
São Paulo, Brazil · New York, United States
Principals
Juan Navarro
Founder and Chairman
Luis A. Zubizarreta
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at The Exxel Group?
Investment decisions are led by founder and Chairman Juan Navarro alongside CEO Luis A. Zubizarreta. The firm has sector-specialized investment teams for private equity, real estate, and credit (public record).
How does The Exxel Group source proprietary deal flow?
The Exxel Group leverages its three-decade presence in Latin America, maintaining relationships with local business families, corporate executives, and intermediaries. Its track record in the region provides access to proprietary control-oriented opportunities not broadly marketed to global firms (public record).
Is The Exxel Group structured as a private equity firm or does it operate more like a family office?
The Exxel Group is structured as a private asset management firm, not a family office. It manages third-party institutional capital through multiple fund vehicles across private equity, real estate, and credit. The firm does not disclose a single-family-office wealth origin (public record).
Does The Exxel Group participate in fund commitments or only direct deals?
The Exxel Group primarily makes direct investments, focusing on control-oriented buyouts and growth equity. It has also operated an infrastructure fund and a credit platform, suggesting participation in fund-level commitments as well (per Reuters, 2022).
What investment stages does The Exxel Group typically target?
The Exxel Group targets control and growth-stage investments in middle-market companies. It covers buyouts, growth equity, real estate development, infrastructure projects, and credit. It does not typically target early-stage venture investments (public record).
Which sectors does The Exxel Group explicitly avoid?
The Exxel Group focuses on consumer goods, agribusiness, financial services, healthcare, and industrial sectors. It generally avoids technology startups and sectors outside its Latin American core expertise (public record).
Where does the underlying wealth come from at The Exxel Group?
The underlying wealth origin is not publicly disclosed. The Exxel Group is a private asset manager that raises institutional capital from pension funds, sovereign wealth funds, family offices, and other investors across the Americas and Europe (public record).
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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