FynsaUpper & MarketSpace Capital Execute on
$150 Million Equity Investment Strategy

HOUSTON, TEXAS – August 30, 2021

In a joint webinar hosted by MarketSpace Capital, FynsaUpper announced that it has entered into an agreement to create a strategic relationship with MarketSpace Capital, a real estate private equity firm, to invest in both value-add and new construction multifamily developments throughout the Southwest United States. FynsaUpper is a joint venture and collaboration between two of South America’s most respected financial institutions, Chaners S.A. from Uruguay and Finanzas y Negocios from Chile.


The FynsaUpper association was established in 2021 to acquire, develop and advise on real estate assets in the US, through well differentiated investment strategies. The Investment Platform seeks to create an institutional quality portfolio with equity commitments of at least USD $500 million during the next 5 years, delivering competitive long-term returns to investors. USD $150 million of the equity commitments will be deployed strategically through MarketSpace Capital in a program to acquire and/or develop, rehabilitate, and operate multi-family for rent properties across Houston and Dallas, TX, (and other markets as mutually agreed by the parties).

Juan Eduardo Biehl, Partner of Fynsa said “I have seen no better fundamentals and time in history to deploy our client’s capital into real estate in North America”. He continued, “and I think MarketSpace Capital holds a huge experience on selecting, analyzing and performing real estate investments and execute on our join investment strategy in the Southwest USA.”

Over the past decade, MarketSpace Capital and its leadership team have invested in 19 investment properties totaling over $400 million of cumulative asset value. Out of these 19 investments, MarketSpace Capital has gone full cycle and sold six of these properties, thereby generating attractive returns for their investors. Additionally, MarketSpace Capital and its co-development partners, presently have over $1 Billion in assets under management.

MarketSpace Capital Co-Founder and Principal, Sohail Hassan said, “At MarketSpace Capital, we are extremely proud of our relationship with FynsaUpper as we can now build an investment bridge between North and South America. We look forward to expanding the investment footprint for the clients of FynsaUpper into the Southwest United States. FynsaUpper should be very proud of the alternative investment strategy that they have created for their valuable investors.”

Gonzalo Colucci, Founding Partner and Head of Strategy at Uppergrowth Alternative Investments commented that “our underlying goal is to seek the highest possible return, with the lowest amount of risk possible for our investments. Working with MarketSpace Capital for over a year now, we believe that we have found a young and cerebral firm which follows the data on each and every investment. We are looking forward to a solid relationship for many years to come.” 

About the FynsaUpper Investment Platform 

In the context of a long-term strategic partnership, FYNSA and Uppergrowth created an integrated platform which is able to serve scalable real estate strategies through a unique approach. Global thinking, behavioral research and community level execution through a small set of strong local relationships, combined with a thorough and agile investment process, allows us to bring our investors closer to the assets. FynsaUpper is truly an investment, and development platform created to unleash transformational growth through a human-centered approach to thinking and investing.

About UpperGrowth 

In early 2018, Uppergrowth was founded as a specialized alternative investments manager, establishing a vertically integrated real estate investment, development and property management platform operating in Latin America and the US. Uppergrowth is focused mainly on the development of large-scale, institutional-quality mixed-use for rent projects initially in Lima, Santiago and Buenos Aires, and the creation of an investment corridor from LatAm into the US. Catalyzing innovation in the alternative investments space, Uppergrowth partners, with unique, creative minds, tier 1 asset managers and other sophisticated investors, seeks to democratize access to superlative quality goods, services, and solutions in fundamental areas of life.

About FYNSA 

FYNSA is a financial boutique for more than 35 years. It offers its clients an extensive network of business and contacts in Chile and the world and it does so with a professional team aligned with the values of the company. The partners and their teams have decades of experience in financial markets, where they’ve achieved a solid track record in the different areas in which the firm is involved. This includes stock brokerage, corporate finance, asset management and wealth management.  

About MarketSpace Capital 

MarketSpace Capital is a private equity real estate firm focused on ground-up developments and value-add investments throughout the U.S. Through its relationships, expertise and disciplined, data-driven analysis, MarketSpace Capital’s veteran staff has completed over $1 billion in transactions and has the capability and experience required to maximize value creation through a comprehensive, programmatic, and conservative investment and asset management approach. In addition to producing consistent returns, MarketSpace Capital seeks to create positive economic impact and long-term value for its investors, the properties it invests in, and the communities in which it works.

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Upper Growth

Carlos Protasi




Pablo Massera Ceroni


MarketSpace Capital

Sohail Hassan, +1-281-766-9784



About Us

MarketSpace Capital, LLC is a Houston, Texas-based private equity real estate development firm focused on ground up developments and value-add investments throughout the United States.

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9100 Southwest Freeway, Suite 201 Houston, Texas 77074

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8215 Westchester, Suite 300 Dallas, Texas 75225

Disclaimer: *For sold properties, actual sales price is reported. For active investments, the Estimated Current Value is based on the Managing Member’s estimate of current value. Recent acquisitions are generally valued at the acquisition price. Values may be internally prepared. This web-page/website is for informational purposes only and is qualified in its entirety by reference to the Confidential Private Placement Memorandum (as modified or supplemented from time to time, the “Memorandum”) of any offering of MarketSpace Capital.