Southern Cross Group
Southern Cross Group is an independent Latin American private equity firm founded in 1998 that invests across diverse sectors in the region, raising $4.1 billion in aggregate from approximately 140 Limited Partners including endowments, sovereign wealth funds, and pension funds.
- Company typePrivate
- Founded1998
- HeadquartersBuenos Aires, Argentina
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Southern Cross Group does
Southern Cross Group is an independent, Latin America-focused private equity firm founded in 1998 by Ricardo Rodriguez (President) and Norberto Morita (Chairman). The firm invests across a broad set of industries in the region, including consumer/retail, financial services, oil & gas, infrastructure, media, pharmaceuticals, equipment rental, and industrial services, with documented portfolio companies such as Compañía General de Combustibles (Argentina), MMCinemas (Mexico), SMU/Supermercados del Sur (Chile), Port of Barranquilla (Colombia), MorePharma (Mexico/Central America), Mills and Solaris (Brazil), Estrella (Colombia), Grupo Expansión (Mexico), and El Market (Mexico/Colombia/Puerto Rico/Spain). The firm operates regional offices in Buenos Aires, Rio de Janeiro, Santiago, Bogotá, Mexico City, and Uruguay, supported by a lean team of 11-50 investment professionals, and is governed under New York law despite its Latin American operating base.
The firm's business model is that of a traditional private equity fund manager. It raises committed-capital funds from Limited Partners and generates revenue through two streams: (1) recurring management fees, typically charged on committed or invested capital, and (2) performance-based carried interest on successful portfolio company exits. Over its 25+ year history, Southern Cross Group has raised an aggregate of $4.1 billion from nearly 140 Limited Partners, comprising global endowments, foundations, sovereign wealth funds, regional pension funds, local industrial groups, and high net worth individuals. The majority of these LPs have invested in multiple successive funds, indicating strong re-up rates and durable institutional trust.
Southern Cross positions itself around an "active approach" of partnering with portfolio company management teams to drive sustainable improvements in operational performance, growth, and strategic positioning. Its go-to-market is relationship-driven rather than marketing-driven: deal sourcing is generated through the firm's deep regional network, and LP fundraising relies on long-standing direct relationships. The firm has no unified technology product or platform and does not disclose fund terms, portfolio valuations, or revenue publicly.
Southern Cross Group firmographics
Firmographics- Name
- Southern Cross Group
- Legal name
- Southern Cross Group
- Website
- https://southerncrossgroup.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Southern Cross Group is an independent Latin American private equity firm founded in 1998 that invests across diverse sectors in the region, raising $4.1 billion in aggregate from approximately 140 Limited Partners including endowments, sovereign wealth funds, and pension funds.
- Ownership category
- akta.pro rank
Southern Cross Group industry classification
Industry- Product category
- Private Equity Fund Management
- akta.pro primary industry
- Geography-Specialist Buyout (Regional/Country-Focused) (FSANABAF)
Keywords
Where Southern Cross Group is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Argentina
- HQ region
- Latin America
Offices6 records
Markets served
Southern Cross Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Private equity firm generating revenue through management fees charged on funds under management.
- Carried Interest: Performance-based carried interest from successful portfolio company exits and investments.
Distribution channels1 record
Marketing channels1 record
Southern Cross Group product offering
Product offeringCore offering
Southern Cross Group is a private equity firm that invests in Latin American companies through its Latin American Private Equity Fund. The firm raises capital from Limited Partners (including institutional investors, sovereign wealth funds, pension funds, and endowments) and deploys that capital into portfolio companies across Argentina, Brazil, Chile, Colombia, Mexico, and Uruguay, working synergistically with portfolio company management teams to drive sustainable improvements in performance, growth potential, and strategic position.
Product overview
Southern Cross Group is a private equity firm offering investment management services and capital deployment across Latin America. The firm does not offer a unified technology product or platform; instead, it provides private equity investment services through its fund management operations, including identifying investment opportunities, partnering with portfolio company management teams, and providing strategic and operational support to build sustainable value. The firm's offerings include fund management for the Latin American Private Equity Fund, investment portfolio management across diverse sectors, and portfolio company support services.
Differentiator
Problem solved
Functional benefit
Products and services
- Latin American Private Equity Fund
- Portfolio Company Investment Management
Companies that use Southern Cross Group
Customer profileSegments3 records
Ideal customer profiles3 records
Southern Cross Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Southern Cross Group partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Southern Cross Group competitors and assessment
Company assessmentDirect peers
- Riverwood Capital: Latin America-focused private equity firm investing growth and control capital in technology, consumer, and fintech across the same Southern Cone, Andean, and Central American markets as Southern Cross.
- Advent International: Global private equity firm with one of the most established and active Latin American investing programs, deploying buyout capital across the same geographies and sectors (consumer, financial services, industrials) as Southern Cross.
Broad incumbents
- TPG: Large-cap global PE manager with active Latin American deal flow in consumer, industrials, and digital infrastructure, competing with Southern Cross for control transactions across the region.
- Bain Capital: Mega-fund global PE manager with dedicated Latin America investing activity (Bain Capital Latin America Fund) targeting control buyouts in similar mid- to large-cap LatAm businesses.
- The Carlyle Group: Global alternatives giant with long-standing Latin America private equity operations, investing across consumer, energy, infrastructure, and healthcare — directly overlapping Southern Cross's sector and country footprint.
- KKR: Mega-fund global alternatives investor expanding its Latin American private equity franchise, including consumer, infrastructure, and growth deals — competing for the same institutional LP capital and regional targets.
- Blackstone: World's largest alternatives manager with growing Latin America exposure across private equity, infrastructure, and growth equity — a key competitor for LatAm-focused LP allocations.
- L Catterton: Consumer-focused global PE firm with dedicated Latin American activity (including the consumer brand and retail investments that overlap with Southern Cross's department store, supermarket, and retail track record).
Emerging players
- General Atlantic: Global growth equity investor with a meaningful Latin America practice targeting minority and control stakes in consumer, tech, and financial services — overlaps with Southern Cross on growth-oriented LatAm deals.
- AEA Investors: Middle-market private equity firm with a Latin American strategy operating in similar sectors (consumer, industrials, services) and competing for the same family-owned business transitions in the region.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Southern Cross Group social profiles
Digital presenceSouthern Cross Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southern Cross Group leadership team
Management profileNumber of profiles
Profiles15 records
Southern Cross Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southern Cross Group M&A and investment
M&A and investmentM&A4 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Southern Cross Group
What does Southern Cross Group do?
Southern Cross Group is a private equity firm that invests in Latin American companies through its Latin American Private Equity Fund. The firm raises capital from Limited Partners (including institutional investors, sovereign wealth funds, pension funds, and endowments) and deploys that capital into portfolio companies across Argentina, Brazil, Chile, Colombia, Mexico, and Uruguay, working synergistically with portfolio company management teams to drive sustainable improvements in performance, growth potential, and strategic position.
Is Southern Cross Group a public or private company?
Southern Cross Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Southern Cross Group founded?
Southern Cross Group was founded in 1998. It employs 11 to 50 people.
Where is Southern Cross Group based?
Southern Cross Group is headquartered in Buenos Aires, Argentina, in the Latin America region.
How does Southern Cross Group make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are Southern Cross Group's main competitors?
Direct peers on record are Riverwood Capital and Advent International. Broad incumbents are TPG, Bain Capital, The Carlyle Group, KKR, Blackstone and L Catterton. Emerging players are General Atlantic and AEA Investors.
Does Southern Cross Group have an API?
No public API is recorded for Southern Cross Group.
What industry is Southern Cross Group in?
Southern Cross Group's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANABAF, Geography-Specialist Buyout (Regional/Country-Focused).