The infrastructure construction industry in Latin America plays a crucial role in the region's economic growth. It involves various companies that provide essential services such as building highways, bridges, and energy facilities. This sector has attracted significant public and private investments, driven by government initiatives and a growing demand for modernization. Major firms, ranging from construction giants to innovative startups, offer a range of solutions. As countries invest in sustainable and resilient infrastructure, the shift toward green technologies and digital solutions is becoming prominent. The industry faces challenges, yet the potential for growth remains substantial as urbanization continues to rise.


This article highlights 15 prominent investors active in Latin America's infrastructure construction sector. With a mix of corporate and private equity entities, these investors span multiple countries, including Brazil, Mexico, and Colombia. They range in size from startups with a handful of employees to large corporations with over 10,000 staff. Founded primarily in the 20th century, many have already made notable investments in 2024, indicative of their ongoing commitment to boosting infrastructure projects. The list showcases how financial backing is essential in propelling infrastructure development across the region.


Top 15 Infrastructure Construction Investors in Latin America


1. Cemex

  • Website: cemex.com
  • Type: Corporate
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 1906
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: cemex

Cemex is a prominent corporate investor based in Monterrey, Nuevo Leon, Mexico, founded in 1906. As a leading building materials company, Cemex specializes in the manufacturing and distribution of cement, ready-mix concrete, and aggregates, serving construction businesses and organizations globally. The company is committed to sustainability and environmental responsibility, which is increasingly important in modern infrastructure projects. Cemex has been involved in several significant transactions that enhance its position in the infrastructure construction sector. Notable acquisitions include Rinker Group Limited, aimed at consolidating its market position, and Atlantic Materials, which enhances its aggregate sourcing capabilities in the U.S. market. These strategic moves reflect Cemex's focus on expanding its resources and capabilities to meet the demands of infrastructure construction.


2. Ecopetrol

  • Website: ecopetrol.com.co
  • Type: Corporate
  • Headquarters: Bogota, Bogota, Colombia
  • Founded year: 1951
  • Headcount: 10001+
  • LinkedIn: ecopetrol

Ecopetrol is a leading oil and gas company based in Bogota, Colombia, specializing in the exploration, production, refining, and transportation of petroleum products. Founded in 1951, the company has a workforce of over 10,000 employees and serves a diverse customer base, including businesses and consumers, by providing essential energy resources. Ecopetrol is committed to sustainability and ethical practices in its operations. Notably, in 2021, Ecopetrol made a significant move in the infrastructure sector by acquiring Interconexion Electrica SA (ISA) for $3.6 billion. ISA is a key player in electricity transmission in Colombia, and this acquisition highlights Ecopetrol's strategic interest in expanding its footprint in energy infrastructure, which is vital for supporting the country's energy needs and overall infrastructure development.


3. Votorantim

  • Website: votorantim.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1918
  • Headcount: 51-200
  • LinkedIn: votorantim

Votorantim is an investment holding company based in Sao Paulo, Brazil, founded in 1918. It operates across various sectors, including construction materials, banking, renewable energy, and environmental services. Votorantim Cimentos, a subsidiary, plays a significant role in the construction materials sector, focusing on cement production. Notably, Votorantim has been involved in several key transactions relevant to infrastructure construction. In April 2022, they announced an acquisition of a stake in CCR, a prominent Brazilian infrastructure company, indicating their strategic interest in the infrastructure sector. Additionally, in November 2021, Votorantim Cimentos acquired the South Cluster of HeidelbergCement in Spain, which includes a modern integrated cement plant and multiple ready-mix plants, enhancing their operational capabilities in construction materials. Furthermore, in April 2021, they completed a transaction to combine their cement operations in North America with Caisse de dépôt et placement du Québec, further expanding their influence in the construction materials market. These transactions highlight Votorantim's commitment to supporting infrastructure development through its investments in essential construction materials.


4. IG4 Capital

  • Website: ig4capital.com
  • Type: Private Equity
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: ig4-capital

IG4 Capital is an investment management firm based in Sao Paulo, Brazil, founded in 2016. The firm specializes in private equity and special situations, focusing on generating performance through value creation and business transformation in emerging markets. IG4 Capital aims to revitalize underperforming investments for its institutional clients, seeking long-term financial returns. Notably, in August 2021, IG4 Capital launched a $58 million tender offer to acquire a stake in Aenza, a prominent infrastructure company in Peru, positioning itself as the largest shareholder. This strategic investment highlights IG4 Capital's commitment to the infrastructure sector and its potential to influence infrastructure development in the region.


5. CSN - Companhia Siderúrgica Nacional

  • Website: csn.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1941
  • Headcount: 10001+
  • LinkedIn: csn77

Companhia Siderúrgica Nacional (CSN) is a leading steel manufacturer and mining company based in Sao Paulo, Brazil, founded in 1941. With over 10,000 employees, CSN operates across various sectors, including steel production, mining, cement manufacturing, logistics, and energy. The company plays a pivotal role in the construction and manufacturing industries by supplying essential materials. Notably, CSN has made significant strides in the cement sector, acquiring Cimpor – Cimentos de Portugal for approximately €3.87 billion in 2009, which aimed to create one of the world's largest cement producers. More recently, in 2022, CSN acquired LafargeHolcim Brasil for R$5.2 billion, rebranding it as CSN Cimentos Brasil S.A., thereby becoming Brazil's second-largest cement producer. These transactions highlight CSN's commitment to enhancing its presence in the construction materials market, making it a relevant investor in infrastructure construction.


6. Carao Ventures

  • Website: caraov.com
  • Type: Venture Capital
  • Headquarters: Costa Rica
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: carao-ventures

Carao Ventures is a venture capital firm based in Costa Rica, founded in 2012. The firm specializes in early-stage investments in innovation-driven companies throughout Latin America, providing entrepreneurs with the necessary funding and resources to grow their businesses. Notably, Carao Ventures has participated in several funding rounds, including a significant investment in ObraLink, a Chilean construction technology startup, which raised $2 million with their participation. This involvement highlights their interest in the construction sector, alongside their broader investment strategy that spans various industries.


7. BBVA en Argentina

  • Website: bbva.com.ar
  • Type: Corporate
  • Headquarters: General Pacheco, Buenos Aires, Argentina
  • Founded year: 1886
  • Headcount: 5001-10000
  • Number of deals in 2024: 7
  • LinkedIn: bbva-argentina

BBVA en Argentina is a prominent banking institution founded in 1886, located in General Pacheco, Buenos Aires. It offers a comprehensive range of financial services, including personal and corporate banking, investment management, and insurance products. In 2024, BBVA was involved in significant debt financing transactions, including a $176 million raise for Solarpack on March 21, 2024, and a $300 million raise for Qualitas Energy on September 5, 2023. These transactions highlight BBVA's active role in financing infrastructure projects, particularly in the renewable energy sector, thereby supporting the development of critical infrastructure in Argentina.


8. BBVA en México

  • Website: bbva.mx
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1932
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: bbva-mexico

BBVA México is a prominent financial institution founded in 1932, located in Cuauhtemoc, Ciudad De México. It offers a comprehensive suite of banking services, including credit cards, loans, investment products, and insurance, catering to both individual consumers and businesses. In 2024, BBVA participated in a notable debt financing transaction for 360 Industrial Parks, raising $67.4 million, which underscores its engagement in infrastructure development. Additionally, in 2018, BBVA facilitated a substantial debt financing of $100 million for Soltec Trackers, a company involved in solar energy infrastructure. These transactions highlight BBVA's role in supporting infrastructure projects, particularly in the industrial and renewable energy sectors, through its financial services.


9. Opus Investimentos

  • Website: opus.com.br
  • Type: Private Equity
  • Headquarters: Centro, Rio De Janeiro, Brazil
  • Founded year: 2004
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: opus-investimentos

Opus Investimentos is a private equity firm based in Centro, Rio De Janeiro, Brazil, founded in 2004. The firm specializes in private equity and alternative investments, managing over R$ 7.2 billion in assets across diverse sectors. Opus provides tailored investment management services to both individual and institutional clients, helping them navigate complex financial markets to achieve high returns. Among their notable transactions, they have invested in Construtora Tenda, which raised funds through post-IPO equity, indicating their engagement in the infrastructure construction sector. Additionally, they have participated in funding rounds for companies like OceanPact, showcasing their diverse investment strategy that includes infrastructure-related ventures.


10. Oria Capital


Oria Capital is a private equity firm based in Sao Paulo, Brazil, founded in 2009. The firm specializes in growth equity investments primarily in B2B technology companies, providing capital and strategic guidance to help these firms scale and innovate. Oria Capital actively manages a portfolio of investments aimed at driving growth and enhancing market presence. Notably, they participated in a Series C funding round for Ambar Technologies, a Brazilian construction tech startup, which raised $36M to expand its digitization efforts in the construction sector across Latin America. This investment highlights Oria Capital's engagement with the infrastructure construction industry, particularly in leveraging technology to improve construction processes.


11. RBR Asset Management

  • Website: rbrasset.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: rbr-asset-management

RBR Asset Management is an investment management firm based in Sao Paulo, Brazil, founded in 2014. The firm specializes in real estate and infrastructure investments, offering a variety of investment funds aimed at both individual and institutional investors. RBR Asset focuses on managing assets across residential, commercial, and logistics properties, which are integral to infrastructure development. In 2024, RBR Asset was involved in a significant transaction with Makasí, raising over $20 million in a private equity round. This transaction, while not explicitly tied to infrastructure construction, reflects RBR's active engagement in sectors that support infrastructure growth, particularly in logistics and real estate, which are essential components of infrastructure development.


12. Latitud

  • Website: latitud.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 24
  • LinkedIn: latitude4

Latitud is a venture capital firm and startup accelerator based in Sao Paulo, Brazil, founded in 2020. It focuses on supporting tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. In 2023, Latitud participated in a significant transaction with Licify, a Bogota-based startup that specializes in construction procurement and payments, raising $3.4 million in Seed funding. This investment highlights Latitud's interest in the intersection of technology and infrastructure, showcasing its commitment to fostering growth in the tech ecosystem while also engaging with sectors that impact infrastructure construction.


13. Grupo México

  • Website: gmexico.com
  • Type: Corporate
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1936
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: grupo-mexico

Grupo México is a corporate conglomerate based in Cuauhtemoc, Ciudad De México, Mexico, founded in 1936. The company operates primarily in the mining, transportation, and infrastructure sectors, making it a leading producer of copper and a provider of extensive rail transportation services. In 2017, Grupo México's transportation unit, GMéxico Transportes (GMXT), acquired Florida East Coast Railway for $2.1 billion, significantly enhancing its operations in the U.S. and expanding its rail network. This acquisition not only strengthens their transportation capabilities but also underscores their active role in infrastructure development, particularly in the rail sector, which is vital for logistical support across various industries.


14. Construtech Ventures


Construtech Ventures is a venture capital firm based in Florianopolis, Santa Catarina, Brazil, founded in 2017. The firm focuses on investing in construction technology companies, aiming to enhance efficiency and reduce costs in the construction and industrial sectors. One of their notable transactions includes the seed round investment in Reforma Feita, which raised an undisclosed amount in January 2020. This investment aligns with their mission to support innovative solutions in the construction industry, further emphasizing their commitment to the infrastructure construction sector.


15. Vinci Compass Brasil

  • Website: vincipartners.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2009
  • Headcount: 501-1000
  • Number of deals in 2024: 3
  • LinkedIn: vincipartners

Vinci Compass Brasil is a private equity firm based in Rio de Janeiro, Brazil, founded in 2009. As part of Vinci Partners, it specializes in a range of financial services including Private Equity, Infrastructure, Real Estate, and Corporate Advisory. The firm serves institutional investors and high-net-worth individuals, helping them navigate investment opportunities and optimize their portfolios for growth. Recently, Vinci Compass Brasil announced an acquisition of MAV Capital, an alternative asset manager focused on Brazilian agribusiness, which has approximately R$550 million (US$105.6 million) in assets under management. While this transaction is not directly related to infrastructure construction, Vinci Partners' overall focus includes infrastructure investments, indicating their active role in this sector.



Infrastructure Construction Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
CemexMonterrey, Nuevo Leon, Mexico10001+19061
EcopetrolBogota, Bogota, Colombia10001+19510
VotorantimSao Paulo, Sao Paulo, Brazil51-20019180
IG4 CapitalSao Paulo, Sao Paulo, Brazil11-5020160
CSN - Companhia Siderúrgica NacionalSao Paulo, Sao Paulo, Brazil10001+19410
Carao VenturesCosta Rica1-1020123
BBVA en ArgentinaGeneral Pacheco, Buenos Aires, Argentina5001-1000018867
BBVA en MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19322
Opus InvestimentosCentro, Rio De Janeiro, Brazil51-20020046
Oria CapitalSao Paulo, Sao Paulo, Brazil11-5020090
RBR Asset ManagementSao Paulo, Sao Paulo, Brazil11-5020141
LatitudSao Paulo, Sao Paulo, Brazil11-50202024
Grupo MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19361
Construtech VenturesFlorianopolis, Santa Catarina, Brazil11-5020170
Vinci Compass BrasilRio De Janeiro, Rio De Janeiro, Brazil501-100020093


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