Colombian Family Worth $15 Billion Unveils More US Fund Bets

One of the world’s richest families disclosed additional details on more than $1 billion of private equity investments as it continues to expand holdings beyond the sector that made its fortune.

Alejandro Santo Domingo and his family have allocated through their European investment firm to almost a dozen US funds outside public markets, including those from KKR & Co. and Jorge Paulo Lemann’s 3G Capital, according to recent registry filings.

Alejandro Santo Domingo

Photographer: Bennett Raglin/Getty Images

Bevco, the Santo Domingos’ firm, has also put money in to funds from Mantle Ridge, the activist investor behind a turnaround effort for US discount retailer Dollar ...