Communications

Millions - El arte de invertir

Founder & CEO of GSI Capital, Nicolás Noguera

In the season three premiere of Millions: El Arte de Invertir, Nicolás Noguera - founder and CEO of GSI Capital - sits down with Matías del Río and José Tomas Valente to discuss his career path, the investment thesis behind GSI, and his outlook on the alternative assets market in Chile and beyond.

La Tercera

Ther idea that ended up raising US$ 700 millions

On La Tercera´s Money Talks, Tomás Ovalle, co-founder of GSI Capital, recounts the firm´s early days and how the opportunity to invest in service stations gave rise to a fund manager that today oversees real estate investments funds totaling over US$ 700 million.

Diario Financiero

GSI Capital clases Baker acquisition, consolidating its bet on Aramco service stations

GSI Capital acquired Rentas y Desarrollo Baker SpA, owner of 88 Aramco - branded service stations leased to Esmax, consolidating a portfolio of over 155 stations and reinforcing its position s the leading player in this niche of the Chilean real estate market.

DF Mas

How the Baker - GSI deal come together

The process took roughly 10 months and, unlike most M&A transactions - which are tipically marketed one - on - one to prospective buyers - it kicked off with an Inverstor Day at the Ritz hotel attended by nearly 250 participants. The deal structure, led by Jaime Besa, partner of Southern Cross, was designed to expose the portafolio to the widest pissible pool of interested parties.

Diario Financiero

GSI wins bid for Baker, acquiring Aramco´s largest landlord in Chile from Southern Cross

The alternative assets investments boutique liked to Nicolás Noguera and Moneda Patria, among other partners, reportedly paid approximately US$ 290 million for the real estate company.

La Tercera

Nicolás Noguera closes his first service station fund with an annual return of more than 36%

GSI Capital liquidated the last investments of GSI I, which had a capital of US$ 12 million. But it has two other funds that also invest in fuel service stations. Those two vehicles have contributions totaling nearly US$ 100 million.

Diario Financiero

GSI Capital and Moneda Patria Fund acquires 10 service stations for its portfolio

The Moneda GSI Commercial Rental III vehicle acquired four sites occupied by Aramco and six by Shell. The market points out that Banchile would be the seller.

Diario Financiero

Among other assets, it acquired a distribution center from SMU and six former Montserrat locations from the Bada family, which keep Saieh's company as a tenant.

La Tercera

Nicolás Noguera: “In the most difficult environments is where there are more opportunities in which to invest”

GSI Capital, the management firm where Nicolás Noguera is a partner and CEO, was born in 2018 when it launched its first fund. They already have eight vehicles with assets under management of more than US$ 400 million and commitments to call for another US$ 100 million. They have already acquired supermarket packages, service stations, and now show their interest in Baker.

Diario Financiero

Moneda fund closed the purchase of 12 former Montserrat supermarkets: SMU participated with 33% of the ownership

In parallel, GSI Capital has already signed the promises to buy another 11 properties, with which the liquidation of the Bada Group draws to a close.