Astamar Asset Management LLC, a Carlsbad (San Diego) based private equity firm specializing in international real estate investment and development, has reached nearly $100 million in assets under management across its portfolio of funds spanning North America, Latin America, and Dubai. The firm manages multiple real estate investment vehicles, including Latitude 20 Equity Fund LLC (Mexico), Latitude 25 Equity Fund LLC (Dubai), and Latitude 38 Equity Fund LLC (United States multi-family housing).
Founded by Carlo Dupone and Ozden “Dalia” Avsar, both experienced fund managers with over a decade of expertise in large-scale acquisitions and capital deployment, Astamar Asset Management has established a significant presence in high-growth international markets. Carlo, who has personally placed more than $90 million in debt financing and currently oversees a $15 million debt portfolio, leads the company’s fund management and acquisitions strategy. Dalia, a global entrepreneur and strategic advisor, brings decades of international business expertise and investor relations experience to the leadership team.
The company’s flagship fund, Latitude 20 Equity Fund, launched with a $75 million cap and has secured $45 million in commitments, demonstrating strong investor confidence in the firm’s investment strategy. The fund targets strategic acquisitions in Mexico’s premier destinations, including Cabo, Cancún, Tulum, Playa del Carmen, Mérida, Nuevo Nayarit, Puerto Vallarta, Rosarito, and Ensenada.
“Our vision is to build a globally recognized private equity firm rooted in transparency, disciplined investment strategies, and sustainable growth. We are committed to creating opportunities that generate wealth for our investors while fostering responsible development in the markets we serve,” said Carlo Dupone, CEO & Principal Fund Manager.
Astamar Asset Management’s international real estate funds focus on delivering returns through equity appreciation, rental cash flow, and long-term capital growth. In Mexico, the firm capitalizes on sustained international tourism, driving consistent occupancy rates and premium nightly rental pricing on short-term rental platforms. The strategy has delivered quarterly dividend cash-flow for investors while property values continue to appreciate.
Through the Latitude 25 Equity Fund in Dubai, the firm has entered one of the fastest-growing real estate markets globally. Dubai’s investor-friendly policies and expanding short-term rental market create opportunities for high-yield investments. Luxury condominiums and branded residences in central locations generate robust rental cash-flow while experiencing significant equity appreciation driven by the city’s rapid population growth.
The firm’s expansion comes amid an unprecedented influx of international buyers into Mexico’s real estate market. Americans, Canadians, and Europeans are increasingly purchasing properties for relocation, retirement, and investment purposes, attracted by affordability, lifestyle benefits, and income-generating opportunities through vacation rentals. This trend has created sustained demand for residential, vacation, and luxury investment properties across Mexico.
Astamar Asset Management differentiates itself through its international reach, investor-first approach, and emphasis on sustainability and compliance. The firm’s diversified portfolio strategy includes developing luxury condominiums in Mexico, acquiring multi-family housing in the United States, and structuring REIT-compliant vehicles internationally.
About Astamar Asset Management LLC
Astamar Asset Management LLC is a San Diego & Texas-based private equity firm specializing in international real estate investment, development, and asset management. Founded by Carlo Dupone and co-founded by Ozden “Dalia” Avsar, the firm manages multiple real estate investment funds across North America, Latin America, and the Middle East. With nearly $100 million in assets under management, more than $90 million in debt financing placed, Astamar Asset Management focuses on creating long-term value for investors through strategic, diversified, and ethically managed real estate opportunities.
Contact:
Astamar Asset Management LLC
Carlsbad, California
