APx is a leading Alternative Investment Fund headquartered in Mexico City. APx and its founders are recognized for providing exclusive investment opportunities through extensive sourcing capabilities and creating innovative solutions for our investors through customized financial services aligned with long-term objectives.
APx and its founding team manage over $2.0 bn in assets, mainly comprised of financial portfolios, collateralized and structured debt facilities, public securities, distressed assets, and direct equity investments.
APx is focused primarily on Special Situations and Private Debt (public and private securities), Private Equity (growth capital and buyouts), Hedge Funds (market neutral) and Opportunistic Venture Investing with a particular emphasis on innovative and disruptive assets in high growth industries.
Our background enables us to create unique solutions to an old and consistent problem: the need for strategic capital in Latin America. As founders and entrepreneurs, we understand the complexities of launching, funding, scaling, consolidating, and sustaining a business; therefore, our unparalleled local expertise positions us to evaluate opportunities and allocate capital effectively across markets.
APx is a strategic ally to all of our partners by developing value-based businesses and investment plans, through agile and aggressive tactics, cultivating profitability while creating long-term relationships via the alignment of interests.
Our management team has vast operational expertise and thus has the capability not only to identify and execute investments, but also to manage target companies directly when required.
Our investment thesis is backed by our attractive portfolio comprised of diverse transactions and investment platforms that demonstrate our firm’s attractive value proposition:
Recognizing and predicting high-quality companies with attractive risk-reward profiles.
Vast sourcing capabilities, generated through local and international networks, extensive to our Limited Partners relationships.
Preserving capital thorough supervision and risk mitigation; we encourage transparency, alignment of interests, and overseeing strategic decision-making, while securing the best-in-class risk-adjusted opportunities.
APx Acquisition Corp. is seeking its IPO as a SPAC in the NASDAQ.
The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on businesses in Mexico, Spanish-speaking Latin America, and Hispanic firms in the United States.
Key individuals at APx Capital overseeing this strategy include: Dan Braatz and Xavier Martínez.
2016 – Present.
AC Capital is a distressed asset fund, seeking delinquent portfolios with resilient collaterals that lack operational/collection efficiencies.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz, Patricia Montiel and Jesús Gómez.
Ticker BIVA: FHIPO14
2014 – Present.
First Mortgage Real Estate Investment Trust (MREIT) in Latin America. FHipo IPOed in 2014 (US $600 mm) and executed a Follow-on Offering in 2017 (US $150 mm). FHipo is the first public vehicle in LatAm that allows the general public to invest in Mexican residential mortgage portfolios. FHipo seeks to generate attractive returns for long-term investors through distribution payments and capital appreciation.
Key Individuals at APx Cap overseeing this strategy include: Ignacio Gutiérrez – CFO, Patricia Montiel – CLO, Benito Villarreal – Head of Capital Markets and Debt Securities and Jesús Gómez – COO.
Co-founder and member of the board APx Capital. Alfredo has more than 25 years of experience in public and private financial institutions and investing platforms (AUM > US $1.5 bn).
Alfredo served as CEO of Banobras (Feb. 2017 – Nov. 2018, 5th biggest bank in Mexico by loan portfolio). During his tenure, financial performance was substantially improved and financial access was promoted. Banobras became the first issuer of sustainable bonds in LatAm among other significant achievements. He was responsible for overseeing FONADIN’s investments, the largest MLP in Mexico.
Currently, Alfredo is dedicated to take XInfra to market; an infrastructure fund focused on brown fields, with stabilized cashflows, generating value through optimizing operations, scaling revenue flows , improving capital structures, among others.
Alfredo is co-founder, member of the board, and first managing partner of Fhipo’s first LatAm MREIT; currently involved in strategic decision making.
Co-founder and board member of ACCAP (distressed asset fund) & Yave (digital mortgage originator).
Alfredo co-founded Vace Partners Investment Banking boutique, where he oversaw various transactions including M&A, structured debt, capital raising and financial advice, among others.
Advisor to the board of HiTo (master administrator platform) and key investor.
Alfredo has been selected as member of boards and investment committees for Afore XXI, Infonavit, Fincasa and Finrural, among others.
Alfredo holds a Master in Economics and an MBA from Yale University and a BSc in Economics from ITAM.
Jesús is a co-founder of APx Capital, he has more than 15 years of experience in the financial sector and he currently leads some strategies within our special situations fund and structured credit portfolios. He has acted as board member to some of the portfolio companies.
Prior to APX. Jesús worked as an investment banker at Goldman, Sachs & Co. and Citi in the Latin America team where he executed some of the most relevant transactions across various sectors that have shaped the landscape. Jesús led the M&A and Capital Markets efforts and was sector captain for various sectors across the region.
Jesús has completed more than US $10.5 bn in M&A transactions, US $6.0 bn in equity issuances and US $2.3 bn in debt issuances.
Today, Jesus is devoted to take XInfra to the public markets. XInfra is an infrastructure fund focused on brown fields, with stabilized cashflows, creating value via the optimization of operations, improving capital structures, and scaling revenue flows, among other strategies. Jesús holds an MBA from London Business School and a BSc. in Industrial Engineering from ITAM.
Ignacio currently serves as CFO at FHipo.
Prior to FHipo, he worked as an investment banker in a well-known investment bank.
His responsibilities included a long record of executing mergers and acquisitions, debt structuring and capital raising transactions, which were carried out by companies in the United States, Mexico and Latin America, in a wide variety of sectors, including multiple transactions with different government entities.
Xavier is Investment Principal and Co-Founder, he actively participates in analyzing deal flow and executing M&A, equity raising, and investments transactions.
He is also Co-Founder and CFO of APx Acquisition Corp. I (SPAC).
Before joining APx Capital, Xavier served as Vice President of Investments and Investor Relations Officer (IRO) at FHipo. He is co-founder of Yave, an online mortgage origination platform, and was the Business Development Officer (BDO).
Xavier holds a degree in Economics from the Universidad Iberoamericana and an MBA from the Kellogg School of Management with majors in finance and strategy.
Patricia Montiel Font is currently the Legal Counsel at APx Capital. She is also Legal Director of CH Asset Management at FHipo.
She has extensive experience in the administration and sale of credit portfolios of various financial institutions.
Previously, Patricia was a partner at Montiel Font y Asociados, S.C., as well as a law firm specializing in corporate and financial law called Casares, Castelazo, Frías y Zárate, S.C.
Throughout her professional career, Patricia has worked at financial institutions such as the Institute for the Protection of Banking Savings (IPAB) and Chévez, Ruiz, Zamarripa y Cia., S.C. Patricia obtained a law degree from the Universidad Iberoamericana and a Master’s degree in Humanities from Universidad Anáhuac México Norte.
2020 – Present.
Special situations fund dedicated to opportunistic trading (144/Reg S issuers), focused on non-bank financials with strong fundamentals.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz and Jesús Ordaz in JV with different international Hedge Funds.
2017 – Present.
Yave (formerly Smart Lending) is a Prop Tech start-up, created in 2017 with the objective of transforming the Mexican mortgage industry. Yave is the first online mortgage origination platform in Mexico with the ability to divest balance sheet credit risk.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz and Bernardo Silva (CEO).
2017 – Present.
Hito is the largest loan master servicing platform in Mexico. The company offers comprehensive solutions to its customers via primary processes and obligations management, financing optimization, portfolio securitizations, and master servicing, benefiting originators, investors, and creditors.
Key Individuals at APx Cap overseeing this strategy include: Alfredo Vara and Jesús Gómez – Managing Partner.
Real estate investment, development, and asset management firm. VRE is taking advantage of Mexico’s growing middle market via a philosophy that focuses on creating superior value for all stakeholders, through smart and risk-adjusted decision making. The firm has developed and managed thirteen residential and commercial projects throughout the heart of Mexico.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz, Eduardo González (CEO) and Patricia Montiel – Board Member.
APx Capital runs specific private debt strategies:
Key Individuals at APx Cap overseeing this strategy include: Jesús Ordaz and Benito Villarreal.
K12 Roll Up
Key Individuals at APx Cap overseeing this strategy include: Jesús Ordaz and Strategic Partners in the US.
APx Capital actively participates in the Blockchain and Crypto space through our private debt and asset management investments as the Sponsor and General Partner of Parkour Asset Management.
Current strategies divided in two investment series: PVI Crypto Assets Trading Desk and PVII DeFi and Yield Farming.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz and Cole Walton (CIO).
Fintech focused VC portfolio through direct equity investment from seed to series B rounds.
Diversified Search Fund portfolio in co-investment alongside Sagitario Capital.
This strategy is dedicated to help search fund entrepreneurs, find, acquire and manage companies in different Industries. Current investments include those in US, Spain, Mexico and Colombia.
Key Individuals at APx Cap overseeing this strategy include: Dan Braatz and Francisco Islas (Managing Partner at Sagitario Cap).
Fund dedicated to invest in the infrastructure space in Mexico by consolidating brownfield attractive projects into an operating platform to implement profitability enhancements strategies to unlock value for its shareholders.
Mexico has historically been a recipient of public and private investments for the development of infrastructure, today, the opportunity to create an administrating platform with a unique team that selects the champion projects and operators is there to be ripped.
Key Individuals at APx Cap overseeing this strategy include: Alfredo Vara and Jesús Ordaz.
APx Acquisition Corp. I is a company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to seek a business combination with a technology-enabled Latin American company.
APx Acquisition Corp. I closed a $172.5 Million Initial Public Offering, Including Full Exercise by Underwriter to Purchase Additional Shares on December 9th 2021. The Class A ordinary shares and warrants are listed on the Nasdaq under the symbols “APXI” and “APXIW,” respectively.
APx’s key individuals include Daniel Braatz (Chief Executive Officer and Chairman) and Xavier Martinez (Chief Financial Officer).
Proprietary positions held in Liquid Assets for active trading, opportunistic transactions and special situations investments.
Dan is the Co-Founder and CEO of APx Capital. Dan is regarded as a top entrepreneur in the financial services, alternative assets, distress and real estate sectors in Mexico. He has extensive experience and track record from executing landmark transactions as well as from investing and creating investment platforms in US and Latin America with a combined AUM of over US$1.8bn. Mr. Braatz is also an active LP investor through different funds and companies, acting as member and LPAC.
He currently acts as Co-Founder and Managing Partner of FHipo (first and only MREIT in Mexico), Yave (the largest non-bank digital mortgage lender in Mexico), VRE (a vertical residential developer) and ACCAP (Distressed Asset Fund), Parkour Asset Management (blockchain and crypto fund strategy). Dan is also a key investor in HiTo after implementing an aggressive leverage buyout that ultimately was repaid thanks to the company’s outperformance.
Dan is a board member on different companies including Grupo Gigante, FHipo, Yave, Infosel, VRE and ACCap; he also holds a position as an LPAC member of YaaX Capital and other funds in which he is an investor.
Prior to APx, Dan Co-Founded VACE Partners an Investment Bank boutique in Mexico. He previously was an investment banker at Citigroup.