Over 60 years

of combined transaction experience


70+ closings

in structured finance in the

infrastructure & energy sector

US$ 20+ billion

in closed capital project value

Beel Infrastructure Partners is a specialized advisory & asset management firm focused on the infrastructure sector in Latin America

Based on the in-depth knowledge and years of experience of its partners, Beel offers prime access to attractive risk-adjusted investment assets to long term institutional investors

Beel is a local niche player with the ability to offer proprietary and tailored opportunities in the infrastructure financing space in Latin America, while adhering to the strictest international investment standards 

Headquartered in Mexico City

Beel, pronounced (bɛ 'ɛl), is a word of Mayan origin. Its direct translation into Spanish is “path”



Beel offers access to a specialized team with origination, execution & asset management experience in infrastructure finance, both in structured debt and equity.


Niche player: Beel features a natural fit with less competitive segments of the investment universe in the private debt and equity space, where competition from banks and large investment funds is scarcer.


Sourcing capabilities: Beel has gathered an experienced team with a long track record, a far-fetching network of contacts in the local market, and the expertise to identify proprietary opportunities.

Due diligence, financial and legal structuring & negotiations: the team has the ability to appraise and improve the fundamental resilience in a project financing.

As part of our commitment to sustainability and the environment, Beel operates under IFC Performance Standards and is a signatory of the UN Principles for Responsible Investments. These standards serve as a point of reference to identify and manage the social and environmental risks of the infrastructure projects in which we work.




Team involved in the Mexican & Latin American private infrastructure debt and equity markets for more than 20 years, with ample experience in top notch financial institutions such as the North American Development Bank, Santander, Citigroup, Morgan Stanley and the Inter-American Investment Corporation (IADB Group).


Gerónimo Gutiérrez - Managing Partner

Gerónimo has over 20 years of experience at senior government positions in the areas of finance, trade, diplomacy and national security, and 7 years of banking experience at C-suite levels.


  • Before joining Beel in 2019, Gerónimo served as Mexican ambassador to the United States of America from 2017 to 2018, where he was an instrumental figure in the negotiation of the USMCA agreement between the United States of America, Mexico and Canada.

  • Before his tenure as ambassador, Gerónimo led the North American Development Bank (NADBANK) for six years, growing the loan portfolio above 30% on average per year, while keeping AA global credit rating. Additionally, during his time at NADBANK, he successfully executed 20+ infra deals in Mexico and the United States on water, energy, solid waste management and urban mobility sectors

  • From 2003 to 2010, he held several public office positions, namely Deputy Secretary to the Ministry of Governance & Homeland Security and Undersecretary to the Ministry of Foreign Affairs, where he was a key member in Mesoamerica Project, a multilateral cooperation mechanism for the development of regional infrastructure (2007-08) and the Security and Prosperity Partnership for North America, SPP (2005-06).


Gerónimo holds a Master in Public Administration from Harvard Kennedy School of Government and a BA in Economics from Instituto Tecnológico Autónomo de México.

 Jaime Falcones - Partner

Jaime has 16 years of experience in the financial sector in Latin America, Europe and the Middle East.


  • Before founding Beel in 2018, Jaime worked for Santander for 7 years, acting as Head of Financial Sponsors Group in Mexico from 2016 to 2018 and involved in the largest infrastructure transactions in the country. Prior to moving to Mexico, he also led the Sovereign Wealth Funds and Government Related Entities Middle East office at Abu Dhabi.

  • Previously, Jaime worked at the execution M&A team of Morgan Stanley in London, where he focused on energy and infrastructure and closed 12 private M&A, public equity and debt deals across EMEA.

  • From 2003 to 2006 he was a consultant at Roland Berger Strategy Consultants, with a focus on strategy, corporate finance, turnaround and due diligence projects in Europe.


Jaime holds a bachelor degree in Finance from CUNEF (Universidad Complutense de Madrid) and an MBA from Wharton (University of Pennsylvania), where he was awarded a full-tuition scholarship.

Aniceto Huertas - Partner

Aniceto has 15 years of experience in the international financial sector, with a focus on origination, structuring and closing of advanced equity and project finance transactions in the infrastructure and energy sector in Latin America.


  • Before founding Beel in 2018, Aniceto worked in CitiBanamex Afore, one of Mexico´s largest pension funds, where he was Risk Director, responsible for transaction origination, structuring, closing and monitoring of US$10bn AUM, including 55+ private equity & debt funds and co-investments.

  • Prior to moving to Mexico, Aniceto was based in Washington DC for 10 years, where he was a senior investment officer in the infrastructure department at the Inter-American Investment Corporation, part of the Inter-American Development Bank Group, where he worked on more than 50 project finance and equity transactions in the infrastructure sector across Latin America.    

  • He has also worked for the International Finance Corporation, World Bank Group, and the Spanish Economic and Commercial Office in the USA.


He holds a Masters in Finance degree from George Washington University in Washington, DC, an International MBA from ICEX/CECO in Madrid, Spain, a Professional Certificate in Strategic Decision and Risk Management from Stanford University, and passed the Chartered Financial Analyst exams in 2012. He holds a Bachelor of Business Administration from both the University of Hertfordshire, UK, and University of Malaga, Spain, under a double-degree program.

Alejandra Melgoza - General Counsel

Alejandra is a lawyer with over 10 years of experience working in corporate, financing, restructuring and capital markets transactions focused in Latin America.

  • Before joining the Beel team, Alejandra worked as an associate at Cleary Gottlieb Steen & Hamilton LLP, a New York law firm with one of the largest Latin-American corporate practices (2013-2018).  While working at Cleary, Alejandra lead and participated in several transnational securities transactions, such as the $6 billion green bond offering and FIBRA E offering issued to fund the construction of the Mexico City international airport in Texcoco, as well as a number of equity and bond offerings of Latin American issuers governed by New York law.

  • Before working in New York, Alejandra worked as a Mexican lawyer with the law firms Lopez-Velarde Heftye y Soria, S.C. (2008-2010) and Mijares, Angoitia, Cortes y Fuentes, S.C. (2010-2012), participating in a number of M&A, financing and securities transactions, including the $20 billion acquisition of Grupo Modelo by Anheuser Busch InBev.

Alejandra holds a bachelor degree in laws from the Instituto Tecnológico Autónomo de México (ITAM), México, and a master degree focused on banking and financial law from Boston University School of Law, Massachusetts, USA. Alejandra is admitted to practice in Mexico since 2008 and admitted to practice in New York since 2016.

Diego Ortiz - Associate

Prior to joining Beel, Diego was a Corporate Finance/M&A consultant at Deloitte Mexico, where he worked mainly in M&A sell-side mandates in the energy and manufacturing industry.

  • As part of his experience in the infrastructure and energy sector, Diego performed valuations for wind and photovoltaic plants, as well as financial due diligence to social infrastructure PPP projects, such as hospitals and government facilities.

  • He also worked at Mercedes-Benz Financial Services USA, as a Data Analyst, performing statistics models, databases, and budget analysis.

Diego obtained his Bachelor of Science in Economics and Finance from Point Park University (Pittsburgh, Pa), where he obtained a scholarship to represent the varsity golf team. 

José Manuel García - Associate

Prior to joining Beel, José Manuel worked as a Corporate & Investment Banking Analyst at Santander Mexico in the following products:

  • As a Corporate & Acquisition Finance Analyst, José Manuel participated in the structuring of different types of loans (corporate acquisitions, dividend recaps, LBO’s, high-yield refinancings and liability managements, among others). José Manuel participated in the closing of 15 deals of which assumed a leadership role in 6 of them.


  • José Manuel previously worked as a Debt Capital Markets (DCM) Analyst, where he participated in important local and cross border issuances and was responsible of the weekly commercial paper auctions.

José Manuel obtained his Bachelor of Industrial Engineering from Universidad Iberoamericana (IBERO) in Mexico City.

Advisory Board

Carlos Heredia

  • Carlos Heredia is an Associate Professor in the International Studies Division (DEI), where he coordinates the United States Studies Program.

  • Carlos Heredia is committed to building a Mexico-US bi-national agenda and promoting the Integral Development Plan (PDI).

  • From 1997 to 200 he served as a federal deputy, additionally he has worked with native groups and Mexican and Central American migrant communities in the US.

  • He has a degree in Economics from ITAM, a Master in Economics from McGill University and a Doctorate in Economics from UNAM.

Luis Rubio

  • Since 2017, Luis Rubio is President of the Mexican Board of International Affairs (COMEXI) and of Mexico Evalúa-CIDAC. He is also member of Coca Cola FEMSA’s Board and of the hedge funds of two families.

  • He is a prolific commentator on international economic and political issues for The Washington Post, The Wall Street Journal and The Financial Times.

  • In 1985 he received the APRA award for the best book, in 1993 the Dag Hammarskjöld Prize and in 1998 the National Journalism Award in the Merits Article category.

  • Former member of the Human Rights Commission of the Federal District in Mexico, previously worked as Citibank’s Planning Director and as advisor to the Secretary of Treasury.

  • He holds a Specialization in Financial Administration, an MMBA and his Master’s and Doctorate in Political Science are from Brandeis University.

María Ariza

  • Currently María Ariza serves as CEO of the Bolsa Institucional de Valores (BIVA).

  • She is founder of Facial Design and partner and board member of Crediauto Financial.

  • She previously served as CEO of Mexican Association of Private Equity (AMEXCAP) and served in various positions at the NAFTA Fund of Mexico, Grupo Impulso and APEC.

  • She has an Industrial Engineering degree with academic excellence form IBERO and holds a Master’s Degree in Administration from Harvard University.

Martin Werner

  • Martin Werner is founding partner of DD3 Capital Partners.

  • He previously worked for 16 years, at Goldman Sachs in positions such as Co-Head of the Investment Banking Division for Latin America and Country Head of Mexico’s Office. In 2000 he became Managing Director and Partner 2006.

  • Prior to his time at Goldman Sachs, he served as General Director of Public Credit from 1995 to 1997, and as Deputy Secretary from 1977 to 1999, both in SHCP.

  • He has a degree in Economics from ITAM and has a Ph.D in Economics from Yale University.

Ricardo Martín Bringas

  • Currently Ricardo Martín Bringas serves as CEO and board member of Organización Soriana.

  • He is a member of the board of directors of Aeroméxico, Telmex, Citibanamex, Vitro and Grupo Sendra, and chairs the Board of Trustees of the Regional Maternal and Child Hospital.

  • He has previously worked in La Ciudad de París and Restaurantes Martin’s.

  • He is a graduate of the Instituto Tecnológico y de Estudios Superiores de Monterrey.

Salvi Folch

  • Salvi Folch currently serves as the CEO of Izzi.

  • He is member of the boards of Televisa, Cablevisión and Consorcio ARA.

  • He previously served as CFO of Televisa and held various financial positions at the CNBV, SHCP and Banco de México.

  • Salvi Folch is an Economist graduated from ITAM with special mention and holds an MBA with specialization in finance from London Business School.

Independent Members of the Investment Committee

Daniel Robles

  • Currently, Daniel Robles works as a consultant to the private and public sectors (in its three orders of government) in the field of public services and infrastructure projects.

  • He previously served as Managing Partner of APP Financial Advisors, worked at Gulesserian Consultants and was responsible of Project Finance in Banobras.

  • He holds a degree in Economics from UNAM, a Master’s Degree in Economics from Stanford and CIDE, and a Master’s Degree in Economic Development and Project Valuation from Bradford University.

John Beckham

  • Since 2017, John Beckham is CIO at MicroVest.

  • Previously, for 18 years, he worked at the Inter-American Investment Corporation of the IDB Group, where his last position was Managing Director, leading a team of more than 25 Investment Officers that on average closed more than 80 annual transactions in Corporate Finance, Project Finance and Financial Institutions throughout LatAm.

  • John Beckham has worked in international finance since 1991 in areas such as lending to financial institutions, Project Finance and syndications, among others.

  • He is a graduate of the University of Notre Dame and holds an MBA from Ohio State University.


International Standards in ESG and Integrity - Adopting International Best Practices

As an institution committed to environmental, social and governance principles (ESG), Beel concentrates and promotes those projects that guarantee sustainable development in Latin America. Beel's activity is governed by the IFC Performance Standards, is a signatory of the PRI (Principles for Responsible Investment) of the United Nations and belongs to the Green Finance Advisory Council of Mexico.

Additionally, Beel operates under the highest standards while applying the best international practices of integrity, complying with all Mexican regulations and international best practices.

Social Responsibility

Beel is proud to contribute to the development of education in Mexico by collaborating with the Cres – Estipac NGO, an Educational Institution with more than 30 years, focused on educating peasants and indigenous people with the vision of preparing them through an educational and technical model which allows them to reintegrate into their communities and transform them.

Aside form educating local communities in technical (agriculture, carpentry and bakery) and professional (Middle School, High School and Bachelor) matters, Cres - Estipac seeks to promote the preservation of their traditions and generate a healthy pride of their origins.




IFC and BEEL will invest USD 400 MM in 




Bosque de Duraznos 61, Bosques de las Lomas,

Miguel Hidalgo, 11700, Ciudad de México.

We are always looking for enthusiastic and prepared people to join our team. If you are interested, please feel free to send us your CV to


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