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Latin American Private Equity + Family Capital Immersion
Private equity strategy grounded in family purpose and governance for the next generation.
Latin American families face a generational decision: how to preserve their legacies while allocating capital toward innovation, new business models and long-term impact. The current global environment – marked by shifting rate expectations, tighter financial conditions, selective capital markets and uncertain exit windows – requires greater discipline in portfolio construction.
This immersion is designed for family business owners, family office principals, board members, CIOs, and next-generation leaders with a direct role in capital allocation and governance who want to make deliberate, strategic decisions about private capital. Participants will explore core tenets of private capital (including private equity, venture capital and search funds) while remaining aligned with the family’s values and governance model. Families will be able to move from ad hoc investment decisions to a disciplined private capital strategy anchored in purpose.
The program frames private equity beyond simply an investment decision, but as a strategic one. It helps determine the role families should play within the private capital ecosystem, and whether they have the governance, structure and internal alignment to execute efficiently. Participants leave with a disciplined private equity strategy, clear governance principles, pacing logic, investment committee framework and a 12-month execution roadmap.
Kellogg’s Miami Campus serves as the bridge between U.S. capital markets, governance standards and Latin American family capital. Renowned Kellogg faculty and practitioners’ global expertise in board and corporate governance, private capital markets, offshore structures, and regional regulatory risk management helps families bring institutional rigor to their private capital decisions. Proprietary Kellogg frameworks connect legacy preservation with the imperative need for growth and innovation in family businesses.
The program will be delivered in English, with simultaneous interpretation into Spanish based on participant needs.
Personal Consultation
Please contact us to schedule an advising session
- 847.467.6018
- Contact Horacio Caperan to learn more:
horacio.caperan@kellogg.northwestern.edu
Who Should Attend
The program is designed for senior decision-makers from across Latin America. Families are encouraged to attend as a family cohort of two to three: the owner or principal, a senior leader, and a next-generation leader. Roles include:
- Principals of single and multi-family offices
- Owners of family-controlled conglomerates
- Board chairs and owners
- CIOs
- Next-generation family leaders navigating intergenerational transitions in capital allocation, governance and innovation strategy
Key Benefits
- A working understanding of how private equity, venture capital and search funds differ in structure, risk and time horizon, and where each fits in a family portfolio
- Family-aligned investment thesis that reflects purpose, risk appetite, governance and generational priorities, and a liquidity and commitment plan aligned with the family’s broader portfolio
- Practical frameworks for investment committee governance, including roles, decision processes, evaluation criteria and monitoring routines
- 12-month execution roadmap defining the family's investment mandate, target allocation, preferred access model and vehicle, governance and decision rights, manager and opportunity pipeline, capital pacing, 30-60- and 365-day milestones, and the first fund commitment, co-investment, or direct investment to be evaluated
- A customized family private capital blueprint developed through the week's private family strategy sessions
- A peer network of Latin American families, Kellogg faculty and regional practitioners connected to the broader U.S. private capital and innovation ecosystem
Program Content
Discussions, cases and speakers avoid a single-country lens and instead emphasize shared regional patterns, failures and opportunities.
Conviction and purpose
- Why private capital matters for the future of Latin America
- Leadership, responsibility and long-term legacy
- Political economy and scenario planning for family capital
- Alternative assets and the goals of enterprising families
Structures + mechanics
- Fund structures
- Power law dynamics across private equity, venture capital and search funds
- LP governance
- Decision-making framework workshops
- From corporate M&T to private capital
Technology, disruption + alignment
- The expanding role of tech + AI
- Disruption exposure and governance alignment
- Family alignment and the role of the next generation
Governance + cross-border strategy
- Cross-border structuring
- Selecting and governing external managers
- Latin America macro overview
- Designing the family investment organization
Execution
- Live capital allocation decision lab
- Capital allocation strategy
- 12-month execution plan
- • Family private capital blueprint
Faculty
Jake Cohen - Academic Director; Associate Dean, Kellogg Executive Education
Eric Acher - Guest Lecturer; Co-founder and Managing Partner at Monashees; Expert in early-stage tech investing and portfolio scaling across Brazil
Matt Allen - Executive Director of the John L. Ward Center for Family Enterprises and John L. Ward Clinical Professor in Family Enterprise
Rodrigo Castro - Adjunct Lecturer; Managing Partner, Genesis Ventures; Former Chairman, Chilean Venture Capital Association; Focus on investment vehicle design, LP/GP governance and regional scaling strategies for emerging ecosystems
Axel Christensen - Guest Lecturer; Managing Director and Chief Investment Strategist for Latin America at BlackRock; Expert in macro strategy, capital flows and sustainable investing
Jose Maria Liberti - Clinical Professor of Finance
Andrés Meirovich - Adjunct Lecturer; Managing Partner, Genesis Ventures & Avante Advisors; Former Chairman, Chilean Venture Capital Association; Focus on international portfolio construction, co-investment structuring, exit strategies
Carlos Osorio - Guest Lecturer; Universidad San Andrés; Focus on transformation, AI, governance dynamics
Luis Videgaray - Guest Lecturer; Senior Lecturer at MIT Sloan; governance lead at Miami-based Affinity Partners; former Finance and Foreign Affairs Secretary of Mexico
Upcoming Sessions
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March 14-19, 2027 Start: March 14 at 6:00 PM End: March 19 at 12:30 PM
A preferred hotel rate is available at the Hyatt Coral Gables (use code 60167). |
$13,000 Fee does not include accommodations. |