Capital Investment Group, Wealth Firm Create Strategic JV

Tom Burroughes

1 February 2016

International private investment group CdR Capital has entered a joint venture with Miami, Florida-based Hollander Wealth Management, a firm that also operates from Sao Paulo in Brazil.

The existing businesses in Brazil and Miami will be renamed as CdR Hollander, a statement from the firms said.

The venture will see the entities managing client assets of more than $2.5 billion. Clients include family groups, individuals and institutions. The business will oversee advisory, consulting and fiduciary services.

Geographically, Hollander Wealth Management’s focus has been in the Latin America region; CdR Capital has been concentrating on Switzerland and the Middle East. Cdr was founded in 2012 by Omar Ayache and Steve Smith; Hollander was created in 2006 by Carlos Hollander.

“We met CdR Capital through common friends at Goldman Sachs. Their asset allocation investment approach and global view sits extremely well with our own consulting and reporting strength that we have with clients,” Hollander said.

Steve Smith, meanwhile, said that the firms’ co-ownership of the Frontier Fund, which is managed by Manuela Cedermas at Tages Capital, has focused them increasingly on the region. He added that Latin America is a promising market for the medium term despite recent volatility in emerging markets.