Overview
TC Latin America Partners LLC is a limited liability company with its principal place of business
in Puerto Rico (“Registrant”). Gregorio Schneider and Daniel Grunberg are the sole owners of
the Registrant and each own their respective interests directly.
The Registrant, along with certain affiliated entities that serve as management companies and
general partners (collectively, “TC Latin America Partners,” “us,” or “we”), provides
investment advisory and other services to pooled investment vehicles and “funds of one” (the
“Funds”).
At any time when we determine that a Fund, due to the size or risk of an investment opportunity,
or due to legal, tax or regulatory considerations is either prohibited from acquiring the entire
investment on its own or it is not in the Fund’s best interest to acquire the entire investment on its
own, we may in our sole discretion provide one or more investors in a Fund, or a person other than
an investor in a Fund, (a “Co-Investor”) with the opportunity to co-invest (other than in their
capacity as a Fund limited partner) with the Fund in a portfolio company or provide financing to
certain portfolio companies, subject to such timing and other conditions as we may in our sole
discretion impose. The Co-Investor will determine, in its sole
discretion, whether or not to invest
in the portfolio company and the amount to be invested in the portfolio company and will enter
into agreements (the “Co-Investment Agreements”). Any such co-investment may, if we so
require, be made through one or more investment partnerships or other vehicles formed to facilitate
such co-investment that will be controlled and managed by us.
The Registrant generally seeks to invest the Funds’ assets in real estate and real-estate related
development projects in Latin America either directly or through intermediary holding entities.
Each of the Funds’ and Co-Investors’ general partners is owned by partnerships under common
ownership with the Registrant.
As of December 31, 2023, the Registrant managed approximately $629,325,395 in regulatory
assets under management on a non-discretionary basis. The advice Registrant provides to certain
Funds is considered non-discretionary because either (i) the relevant investment committee, which
must unanimously consent to approve any investment decision, is comprised of personnel from
the Registrant and an affiliate of PEI Asset Management S.A.S. (“PEI”; see Item 10 for additional
information) or (ii) investment decisions must be approved unanimously by the board, which
contains two independent directors,.