Latin America: Aubrey Partners With Larrainvial

Aubrey Capital Management has been keen to expand across Latin America recently. In a February company blog post, the Edinburgh- and London-based investment management firm praised the region, citing favorable economic policies, ebbing inflation and attractive valuations.

Latin America is over 20% of Aubrey’s portfolio—the highest it has been since the company’s founding in 2006. This bullish take on Latin America comes on the heels of a successful trip that Aubrey executives made in January. They were joined by bankers from LarrainVial, one of Chile’s largest financial-services groups and winner of the 2024 Global Finance Best Private Bank in Chile award.

That month, LarrainVial unveiled that it purchased a 25% stake in Aubrey for an undisclosed amount. Once the deal closed, LarrainVial promptly organized a roadshow to introduce Aubrey’s investment team to its long list of clientele.

Andrew Ward, CEO of Aubrey

The deal allows Aubrey to access LarrainVial’s investment expertise in Latin America. LarrainVial’s clients benefit from Aubrey’s range of portfolio management options for advisers and individual clients, including multi-asset and equity-based portfolios.

Ward believes the deal occurred at an ideal time, given Aubrey’s stage of evolution, and that it will mutually benefit each organization.

Ladislao Larrain, CEO of LarrainVial Asset Management, echoed Ward’s sentiments in a prepared statement, calling Aubrey “a renowned firm in the global investment industry.”

Each company is a member of the Group of Boutique Asset Managers, a professional network of independent specialist asset management firms. “This collaboration represents an exciting opportunity,” Larrain said. “We are confident that by leveraging our complementary strengths, we will create significant value for our stakeholders and seize many new opportunities together.”

The initiative was important “not because LarrainVial [is] from Latin America,” says CEO Andrew Ward. “It’s because they are a superb group of finance professionals whom we consider to be extremely suitable long-term global partners.”