Santiago, Chile and Mexico City, Mexico – February 3, 2026
Linzor Capital Partners (“Linzor”), a leading Latin American private equity firm, today announced the final closing in the fundraise of Linzor Capital Partners IV, L.P. (“LCP IV”), its fourth fund, alongside the signing of two new investments in the logistics software as a service (SaaS) and healthcare sectors.
The fundraising period of LCP IV concluded on December 29, 2025. Including co-investment capital secured across its first three transactions, the fund has achieved committed capital in excess of US$200 million, surpassing its original target size. The fund attracted commitments from a diversified group of family offices and institutional investors from within and outside the region, together with a sizable commitment from the general partner.
In a challenging fundraising environment for emerging markets, Linzor’s successful capital raise positions the firm among a limited group of active managers in the region, enabling advantaged sourcing, proprietary origination, and accelerated deployment across opportunities with high growth potential.
LCP IV follows Linzor’s established thematic investment strategy focused on essential services and digital transformation, including healthcare, education, financial services, telecommunications and technology, with geographic coverage across Latin America ex-Brazil, particularly Mexico, Chile, Peru, and Colombia.
New Investments
Numaris (Mexico)
Linzor announced the acquisition of a controlling stake in Numaris, a fast-growing SaaS provider of advanced telematics and IoT solutions serving the Mexican logistics and transportation sector.
Numaris is a leading technology platform for fleet and asset management, currently serving over 3,000 enterprise clients and managing more than 200,000 connected vehicles across logistics, retail, financial services, and industrial sectors. The company’s solutions focus on delivering measurable operational efficiencies, cost savings, and risk reduction for clients operating complex asset networks.
With Linzor’s support, the company aims to accelerate its regional expansion and consolidate its position as the category leader across the region. The investment will enable Numaris to scale its technology roadmap, doubling down on R&D and accelerating the development of its proprietary platform and AI-first solutions. As the industry remains highly fragmented, Numaris will continue executing its dual growth strategy, combining organic expansion with targeted acquisitions.
CEO and co-founder Juan Pablo Baeza will continue to lead the business alongside the core leadership team. Linzor will appoint a majority of the board of directors and will actively support the company’s continued growth strategy. The investment thesis is supported by strong industry fundamentals, including tailwinds from e-commerce growth and nearshoring, a fragmented market with consolidation potential, and Numaris’ scalable, proprietary SaaS model.
Healthcare Platform (Chile)
Linzor has also signed an investment in a leading Chilean healthcare group in consortium with Patria Investments and its affiliate Moneda, partnering with experienced financial sponsors in a landmark transaction. The target is Chile’s leading private health platform, comprising health insurance, hospitals, and outpatient health services.
Linzor brings deep sector expertise to the partnership, drawing on its prior successful investment in Cruz Blanca Salud, which culminated in an IPO on the Santiago Stock Exchange in 2011. Linzor will have board representation and will actively support the company’s long-term strategic and operational initiatives.
Both transactions are subject to customary closing conditions established in the stock purchase agreements, including regulatory approvals. Upon closing, Numaris and the healthcare platform will represent the second and third portfolio companies of LCP IV, after the fund completed its first investment in 2024 with the acquisition of WIN, a fast-growing fiber-to-the-home telecom platform in Peru currently serving more than 711,000 residential customers through a proprietary network covering approximately 3 million homes passed. Following the consummation of the latest investments, LCP IV will have deployed over 60% of its capital commitments.
Commitment to Impact and Sustainability
LCP IV will continue Linzor’s award-winning impact and sustainability strategy, which is fully integrated into the firm’s investment process. Each portfolio company is expected to contribute meaningfully to the UN Sustainable Development Goals, with a particular focus on SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), and SDG 13 (Climate Action), alongside company-specific impact objectives for each investment.
Perspectives from Linzor’s Leadership
Tim Purcell, Linzor Co-Founder and Chairman of the Investment Committee, commented:
“LCP IV represents an important milestone in Linzor’s evolution as a firm. The successful closing of the fund and the quality of its investments reflect the strength of the platform we have built over more than two decades in the region, our disciplined approach to investing in solid businesses, and our ability to adapt and perform across market cycles. I am proud of the team and confident in Linzor’s ability to create long-term value for investors and stakeholders.”
Matías Gutiérrez, LCP IV Co-Managing Partner, said:
“The final closing of LCP IV, together with the signing of our first three investments, reflects our team’s ability to execute our investment strategy in a challenging market while remaining disciplined and highly selective. Being one of the few active private equity funds in the region today allows us to access proprietary opportunities and invest in exceptional businesses.”
Jean-Bernard Ide, LCP IV Co-Managing Partner, added:
“These transactions are highly representative of our strategy: investing in essential services and digital transformation players with strong fundamentals, attractive growth prospects, and clear opportunities to create value through active ownership. We remain committed to deploying capital responsibly while generating attractive risk-adjusted returns and measurable impact across our portfolio.”
About Linzor Capital Partners
Linzor Capital Partners is a Latin American private equity firm with a thematic investment approach centered on essential services and digital transformation, including healthcare, education, financial services, telecommunications and technology. The firm has raised more than US$1.4 billion in capital commitments since its inception and partners with leading companies across Mexico, Chile, Peru, Colombia and Uruguay to support long-term growth, operational excellence, and sustainable value creation. Linzor integrates a robust impact and sustainability framework across its investment process, aligning financial performance with positive social and environmental outcomes.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding investment strategy, market opportunities, expected performance, and impact objectives. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Linzor undertakes no obligation to update or revise any forward-looking statements.