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Senior Reporter Covering Wealth & Business in Latin America at Bloomberg News

Alejandro Santo Domingo and his family, who amassed a fortune of $15 billion largely through Colombian brewer Bavaria that was folded into AB Inbev, have allocated through their European investment firm to almost a dozen US funds outside public markets, including those from KKR & Co. and 3G Capital, according to recent registry filings. Bevco, the Santo Domingos’ firm, had €1.2 billion ($1.3 billion) in private equity investments and partnerships at the end of last year, about double the total from 12 months earlier, filings show. Bevco currently has about 15% of its portfolio tied up in private equity, higher than the typical sums family offices allocate to the sector, according to a recent survey from Citigroup Inc. In the past three years, Bevco’s private equity allocations have increased more than six-fold. With top colleague Ben Stupples https://lnkd.in/dnVYGtk8

Colombian Family Worth $15 Billion Unveils More US Fund Bets

Colombian Family Worth $15 Billion Unveils More US Fund Bets

bloomberg.com

Ross Drapalski, CPA CIA CFE

Finance & Data | Governance, Risk & Compliance | HHL Doctoral Student in Finance, PE | Controlling Expert | Licensed USA Public Accountant | USA Tax Expert | Texan

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