When Latin American capital meets international fund structures, the complexity multiplies. We bring buy-side and sell-side experience to help investors and fund managers close with confidence.
Specialized advisory for the specific frictions of international private equity involving Latin America.
View More ↗We have worked from both sides of the table. This dual perspective is rare and commercially decisive.
View More ↗Family offices, AFPs, and institutional allocators evaluating international PE commitments. We handle diligence, negotiation, and structuring.
Investor capabilities →GPs and IR teams fundraising in Latin America. We prepare documents, manage expectations, and coordinate closing across jurisdictions.
GP capabilities →We combine advisory depth with practical execution support — the responsiveness of a boutique with the sophistication of a specialist.
Granular understanding of how LatAm investors evaluate and decide.
Direct access to senior professionals at deal-pace responsiveness.
We work alongside your existing counsel — additive, not adversarial.
Buy-side and sell-side PE experience creates negotiation intelligence that single-perspective firms cannot offer.
We understand how Chilean AFPs evaluate, how Colombian family offices decide, and how Brazilian allocators negotiate.
No layers of associates between your question and an answer. Senior professionals, deal-speed responses.
Define the mandate, stakeholders, and timeline.
Documents and strategy aligned to counterparty expectations.
Active negotiation, coordination, and issue resolution.
Transaction completed. Documentation finalized.
The provisions that matter most — and why your international counsel may not anticipate them.
A practical guide to the regulatory and diligence requirements that delay LatAm fundraises.
Capital flows, regulatory shifts, and what fund managers should expect this year.
Whether evaluating a commitment or preparing a fundraise, a 30-minute conversation will clarify how we can help.
Schedule a conversation →Private equity in Latin America doesn't fail on strategy. It fails on the ground — in the diligence, the negotiation, the expectations no one translated.
Cardonal takes its name from the region in Chile where our founder's family farm is located. The firm is built with the same philosophy: grounded in a real place, committed to real relationships.
We are a boutique advisory built for the specific frictions of cross-border private equity — combining buy-side and sell-side transaction experience with regional intelligence that generalist firms cannot replicate.
We combine advisory depth with practical execution support — the responsiveness of a boutique firm with the sophistication of a dedicated PE specialist.
View More →Advisory for the specific frictions of cross-border PE in Latin America.
Due diligence, side-letter negotiation, cross-border structuring, and transaction coordination for family offices and institutional allocators.
Learn more →Investor-readiness preparation, LatAm LP expectations, fundraise execution, and regional closing coordination.
Learn more →Benchmarking, strategy, and complexity management for the document that matters most in every commitment.
Learn more →We integrate with your counsel, align with your timeline, and work at the speed your transaction demands.
How we work →When your international counsel says they can handle Latin America, ask them how many AFP side-letter negotiations they have closed.Alfonso Muñoz Balharry · Founding Partner
The provisions that matter most and why your international counsel may miss them.
Regulatory and diligence requirements that delay LatAm fundraises.
Capital flows, regulatory shifts, and what to expect this year.
No pitch decks. No sales pressure. A direct discussion about your transaction.
Schedule 30 minutes →International fund structures meet Latin American investor requirements. The gap between them costs time, capital, and commitments. We close that gap.
Due diligence, side-letter negotiation, cross-border structuring, and transaction coordination for LatAm allocators.
Explore investor capabilities →Investor-readiness, document optimization, fundraise execution, and regional closing coordination.
Explore GP capabilities →International counsel handles the fund structure. Local counsel handles the jurisdiction. Nobody handles the space between them — until now.
Learn more →Buy-side and sell-side experience creates negotiation intelligence single-perspective firms cannot offer.
Granular understanding of how LatAm investors evaluate, negotiate, and decide.
Direct senior access. No associate layers. Deal-pace responsiveness.
Deep benchmarking on provisions LatAm LPs prioritize.
Additive regional intelligence alongside your existing counsel.
ES, EN, PT, FR, DE across the team. No translation lag.
Define mandate, stakeholders, timeline
Align documents to counterparty expectations
Negotiate, coordinate, resolve in real time
Finalize documentation, complete transaction
Provisions that matter and why international counsel misses them.
Regulatory requirements that delay LatAm fundraises.
Capital flows, shifts, and expectations.
30 minutes. Direct conversation. No pitch deck required.
Schedule a conversation →