What Grupo Macro does

Grupo Macro is a privately held Peruvian financial services group founded in 1985 and headquartered in Miraflores, Lima, operating four integrated service lines: economic consulting (Macroconsult), investment banking (Macroinvest), fund administration (Macrocapitales SAFI and Macro Asset Management), and multi-family office wealth advisory (Macro Wealth Management). The firm serves large Peruvian corporations, financial institutions, high-net-worth families, and local pension funds, with named enterprise clients including Cementos Pacasmayo, Intercorp, and SURA Peru. Grupo Macro reports more than 80 completed investment banking transactions with a cumulative value exceeding US$ 18,000 million since 1991, and administers three investment funds — Macro-Infraestructura (S/ 574 million committed), Fortaleza (US$ 80 million committed), and Kandeo Fund II (S/ 419 million committed) — with combined assets under administration of roughly S/ 1 billion plus US$ 35 million as of December 2021.

The group is owned by six founding partners (Raúl Salazar, Manuel Moreyra, Alonso Polar, Roger Espinosa, Drago Kisic, Claudio Herzka) and approximately ten senior partners, with no disclosed external institutional or venture capital investors. Fund administration is regulated by Peru's Superintendencia del Mercado de Valores (SMV), and the firm holds the exclusive Peruvian seat in LAECO, the 12-country Latin American Alliance of Economic Consultancies. The core technology stack consists of professional services tooling — proprietary information systems including the Sistema de Información Macroconsult (SIM) for economic and political analysis and an Analítica de Datos module offering association, classification, text analysis, and sales prediction algorithms delivered to clients. The firm employs between 51 and 100 professionals and generates revenue primarily through professional services fees: advisory fees on completed M&A and capital-raising transactions, SMV-regulated fund management fees, multi-family office advisory retainers, and consulting project fees, all quoted per engagement rather than via disclosed standardized pricing.

Name

Grupo Macro

Legal name

Macroconsult S.A.

Website

https://grupomacro.pe

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Grupo Macro is a privately held Peruvian financial services group founded in 1985, providing economic consulting, investment banking, fund administration, and multi-family office services to large corporations, financial institutions, high-net-worth families, and local pension funds in Peru.

Ownership category

akta.pro rank

Product category

Financial Advisory and Asset Management

NAICS

Offices of Other Holding Companies (551112), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Corporate Strategy Advisory (BPAHADAA), Treasury, Capital Structure & Liquidity Advisory (BPAHADAM), Corporate LP Programs (Corporate as LP in VC/PE funds) (FSANAHAH)

Keywords

• Economic consulting
• Investment banking advisory
• Fund administration
• Wealth management
• Asset management services

Headquarters

HQ city

Miraflores

HQ country

Peru

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Economic Consulting Services: Macroconsult provides economic and financial consulting services including macroeconomic analysis, applied economics, regulatory and competition analysis, economic and social development studies, and data analytics.
2. Investment Banking Advisory: Macroinvest provides financial advisory services including mergers and acquisitions, valuations, debt and equity financing, and public-private partnerships. Revenue generated through advisory fees on completed transactions.
3. Fund Administration: Macrocapitales and Macro Asset Management manage investment funds including Macro-Infraestructura (debt instruments), Fortaleza (private equity), and Kandeo Fund. Revenue from management fees and fund administration services.
4. Family Wealth Management: Macro Wealth Management provides multi-family office services including portfolio structuring, consolidated reporting, investment execution monitoring, regulatory analysis, and real asset transaction assistance.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Grupo Macro is a Peruvian professional services group providing economic and financial consulting, investment banking advisory (M&A, valuations, debt and equity financing, public-private partnerships), investment fund administration (SAFI), and multi-family office wealth management for high-net-worth families. The firm operates through subsidiaries Macroconsult, Macroinvest, Macrocapitales, Macro Asset Management, and Macro Wealth Management.

Product overview

Grupo Macro is a consolidated group of Peruvian companies providing economic consulting, investment banking, and asset management services through four main divisions. The core offering includes Macroconsult (economic consulting with information systems, data analytics, regulation, and applied economics), Macroinvest (investment banking for M&A, valuations, and public-private partnerships), Macro Asset Management (infrastructure debt fund), Macro Wealth Management (multi-family office for high-net-worth families), and Macrocapitales (investment fund administrator). The portfolio also includes three investment funds: Fortaleza (private equity), Kandeo Fund (financial inclusion), and MacroInfraestructura (infrastructure debt).

Differentiator

Problem solved

Functional benefit

Brands

• Macro-Infraestructura: Debt investment fund focused on infrastructure projects in Peru
• Fondo Fortaleza
• Kandeo Fund II
• Sistema de Información Macroconsult (SIM)

Products and services

• Macroconsult Economic and financial consulting firm providing political and economic analysis, applied economics, regulation and competition studies, economic and social development research, and data analytics services for large corporations and institutions.
• Macroinvest Investment banking and financial advisory firm providing mergers and acquisitions, valuations, debt and capital financing, and public-private partnership services to private and public sector corporate clients.
• Macro-Infraestructura Fund Debt investment fund focused on providing debt financing for infrastructure projects in Peru. Largest first-round placement in the local market with committed capital of S/ 574 million.
• Macro Wealth Management Multi-family office providing wealth management advisory services for high-net-worth families including multi-bank portfolio structuring, consolidated portfolio tracking, regulatory analysis, tax support, and real asset transaction assistance.
• Macrocapitales Investment fund administration society regulated by SMV (Superintendencia del Mercado de Valores), managing three funds: Fortaleza (private equity), Kandeo Fund (financial services), and MacroInfraestructura (debt instruments).
• Fortaleza Private Equity Fund Private equity fund investing in operating companies with clear market opportunities and high growth potential. Started July 2012 with US$ 80 million in committed capital.
• Kandeo Fund II (Perú) Servicios Financieros Fund investing in capital instruments for companies providing financial services to the base of the population pyramid. Started December 2014 with S/ 419 million in committed capital.

Quantifiable outcome

• 80+ transactions completed successfully with total value exceeding US$ 18,000 million
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• LAECO (Alianza Latinoamericana de Consultorías Económicas)coreStrategic or Co-development PartnerExclusive representation of Peru in LAECO, a Latin American alliance of economic consultancies comprising 12 countries. This partnership provides access to regional research capabilities and cross-border consulting opportunities.
• CIES (Consorcio de Investigación Económica y Social)minorStrategic or Co-development PartnerActive participation as a prestigious Think Tank in CIES, Peru's leading economic research consortium, contributing to public policy research and social development studies.
• PIR (Programa de Inversión Responsable)coreStrategic or Co-development PartnerMacrocapitales became a member of PIR in November 2021. Contributed to development of minimum ESG indicators for the Electric Companies and Power Generation sector. Reports ESG ratings to investors.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Deloitte Perú: Big 4 professional services firm in Peru offering strategy consulting, M&A advisory, valuations, and economic consulting. Overlaps with Macroconsult's regulatory and applied economics practices and with Macroinvest's valuation and transaction-adjacent services.
• BTG Pactual: Latin America's largest independent investment bank, operating across IB, asset management, and wealth management throughout the region including Peru. Overlaps with Grupo Macro across M&A advisory, AM, and high-net-worth services at a larger scale.
• PwC Perú: Big 4 firm in Peru providing corporate finance, valuations, and strategic consulting services. Competes with Macroconsult's advisory offerings and with Macroinvest on transaction-adjacent diligence and valuation mandates.
• Banco de Crédito del Perú (BCP): Peru's largest commercial bank, with an investment banking division competing with Macroinvest on mid- and large-cap M&A, debt issuance, and infrastructure financing. Operates a broader balance-sheet-funded model than Grupo Macro's pure advisory approach.
• BBVA Perú (Corporate & Investment Banking): Universal bank in Peru with a corporate & investment banking division competing with Macroinvest in M&A, debt/equity financing, and PPP advisory. Broader product set and balance sheet than Grupo Macro but narrower independent advisory positioning.

Regional players

• LarrainVial: Chilean independent investment bank and asset manager with integrated IB, asset management, and wealth advisory — a closely analogous multi-line Latin American boutique model to Grupo Macro, though operating primarily in Chile rather than Peru.

Direct peers

• Apoyo Consultoría: Peru's leading economic and financial consultancy, founded in 1977, providing macroeconomic analysis, applied economics, and regulatory studies. Directly comparable to Macroconsult in economic research, market intelligence, and regulatory economics for large Peruvian corporates and institutions.
• SURA Asset Management Perú: Peruvian asset manager and AFP operator with significant AUA. Competes with Macrocapitales and Macro Asset Management for institutional pension capital allocations and competes with Macro Wealth in HNW advisory. SURA is also referenced as a Grupo Macro client.
• Credicorp Capital: Peruvian investment banking and asset management arm of Credicorp, the country's largest financial group. Competes head-to-head with Macroinvest in M&A, capital markets, and equity research, and with Macrocapitales in Peruvian asset management.

Emerging players

• Equilibrium Clasificadora de Riesgo: Peruvian economic research and risk classification firm providing macroeconomic analysis and sector research. Comparable to Macroconsult's economic research and applied economics practice, though smaller in scale and narrower in service breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grupo-macro-peru

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Macro