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Key people at Glisco Partners.
Glisco Partners is a private equity and structured financing firm based in Mexico City, Mexico, that focuses on growth-oriented investments in middle-market companies and real estate projects. The firm targets post-venture capital to pre-initial public offering stage businesses, providing capital to scale operations domestically and expand into the United States. Operating across three primary investment vehicles, the organization manages approximately $332 million in total assets under management. The firm's portfolio includes conversational commerce platform Yalo, which received a $20 million investment from the group to expand its artificial intelligence capabilities across Latin America. The investment strategy is directed by a management team that includes Managing Partner Alfredo Castellanos alongside Managing Directors Andres Gavito and Jacinta Carral. The organization was originally founded in 2003 and previously operated under the name Evercore Mexico Capital Partners.
Key people at Glisco Partners.
Glisco Partners has 1 tracked investment across 1 company. The latest tracked deal is $20.0M Series C Extension in Yalo in December 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 19, 2023 | Yalo | $20.0M Series C Extension | Glisco Partners | — |
# High-Level Overview
Glisco Partners is a leading private equity and growth equity firm focused on the Mexican middle market, operating since 2003 with approximately $332 million in assets under management across multiple funds[1][2]. The firm's mission centers on helping businesses reach their potential through transformative involvement, delivering sustainable returns to investors while enabling portfolio companies to achieve lasting value and scale[2].
Glisco's investment philosophy emphasizes partnership-driven value creation with exceptional management teams and founders[2]. The firm pursues two primary strategies: growth equity investments in high-growth, disruptive companies with potential to scale internationally (particularly to the US), and real estate investments in projects that promote sustainable development and community benefit[2][4]. By combining extensive industry knowledge, a strong local network, and hands-on operational support, Glisco positions itself as the ideal partner for Mexican companies seeking post-VC to pre-IPO capital and strategic guidance[2].
# Origin Story
Glisco Partners was founded in 2003 as a specialized private equity vehicle focused on Mexico's middle market[6]. The firm's trajectory reflects a significant evolution: it originally operated as the Mexican private equity division of Evercore Partners before spinning out as an independent firm in 2016[3]. This transition marked a pivotal moment, allowing Glisco to establish itself as a dedicated, locally-focused investment platform rather than a subsidiary of a larger global institution.
Under the leadership of Managing Partner Alfredo Castellanos and a team of experienced Managing Directors including Ricardo Enríquez, Carlos Schvartzman, and José Luis Lanzagorta, Glisco has built a long track record of executing and exiting high-quality transactions[2][6]. The firm's independence enabled it to deepen its commitment to the Mexican market while developing specialized expertise in growth equity and structured financing—areas where local knowledge and relationships prove essential.
# Core Differentiators
# Role in the Broader Tech and Investment Landscape
Glisco operates at a critical intersection of Latin American growth capital and cross-border expansion. As Mexico's economy continues to develop and its startup ecosystem matures, Glisco serves as a bridge between Mexican entrepreneurs and international capital markets. The firm's focus on companies with potential to scale to the US addresses a genuine market gap—many Mexican growth companies lack the capital and strategic guidance needed to expand northward.
The firm's emphasis on sustainable development and community impact in real estate investments reflects broader ESG trends reshaping private equity, while its growth equity strategy positions it to capture value from Mexico's digital transformation and the rise of high-growth sectors like gaming and esports[2][3]. By publishing research on the Latin American venture capital and growth equity ecosystem (in partnership with Endeavor), Glisco also influences broader market understanding and helps shape the region's investment narrative[7].
# Quick Take & Future Outlook
Glisco Partners is well-positioned to benefit from accelerating capital flows into Latin America and Mexico's continued economic development. The firm's transition to independence in 2016 proved strategically sound, allowing it to build deeper local relationships while maintaining the operational sophistication of a major investment platform.
Looking ahead, several trends will likely shape Glisco's trajectory: the continued digitalization of the Mexican economy will create more high-growth investment opportunities; cross-border M&A activity between Mexico and the US will likely increase, playing to Glisco's strengths; and ESG-focused real estate development will remain a growth area. The firm's ability to identify and scale disruptive companies—as demonstrated by early-stage bets like GGTech—suggests it will remain influential in shaping which Mexican entrepreneurs gain access to growth capital and international expansion opportunities.
For investors and entrepreneurs, Glisco represents a rare combination: deep local expertise paired with genuine international ambition—a formula increasingly valuable in an era where geographic arbitrage and cross-border scaling define success in emerging markets.
