Mako Capital Group Launches Private Equity Firm Focused on Founder-Led Businesses

New Miami-based firm targets lower-middle market companies in healthcare and financial services

Mar. 31, 2026 at 2:34pm

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A high-end, photorealistic studio still-life photograph featuring a stack of financial documents, a pen, and a calculator on a clean, monochromatic seamless background, conceptually representing the abstract concepts of corporate strategy, finance, and growth in the healthcare and financial services sectors.Mako Capital Group's launch signals a new era of private equity investment focused on founder-led businesses in essential services industries.Today in Miami

Mako Capital Group, a new Miami-based private equity firm, has officially launched with a focus on acquiring and growing founder-led businesses in the healthcare services and financial services sectors. The firm was founded by a team of seasoned investors and operators, including Angel Morales, Pete Amaro, and Oscar Munoz, who bring decades of experience building and scaling companies.

Why it matters

The launch of Mako Capital Group represents a new player in the lower-middle market private equity space, with a differentiated approach that combines institutional investing expertise and operational leadership. The firm's focus on founder-led businesses in essential services industries like healthcare and financial services reflects broader trends of consolidation and professionalization in these fragmented markets.

The details

Mako Capital Group was founded by Angel Morales, a former Founding Partner of Morales Capital and Co-Head of BAML Capital Partners; Pete Amaro, an experienced growth equity investor and operator with prior leadership roles at L'ATTITUDE Ventures, The Raine Group, and Luminary Media; and Oscar Munoz, the former Chairman and CEO of United Airlines, with decades of C-suite experience at companies like CSX Corporation, AT&T Consumer Services, U.S. West, and Coca-Cola. The firm's strategy is to partner with founder-owned businesses and experienced management teams in essential services industries, leveraging the team's expertise in private equity investing and operational leadership to drive transformational growth and long-term value creation.

  • Mako Capital Group officially launched in March 2026.

The players

Mako Capital Group

A Miami-based private equity firm that specializes in acquiring lower-middle market companies in financial, healthcare and other essential services.

Angel Morales

Co-Founder of Mako Capital Group, formerly a Founding Partner of Morales Capital and Co-Head of BAML Capital Partners.

Pete Amaro

Co-Founder of Mako Capital Group, an experienced growth equity investor and operator with prior leadership positions at L'ATTITUDE Ventures, The Raine Group and Luminary Media.

Oscar Munoz

Co-Founder of Mako Capital Group, former Chairman and Chief Executive Officer of United Airlines, with decades of C-suite operational experience including at CSX Corporation, AT&T Consumer Services, U.S. West and Coca-Cola.

Mangrove Health

A healthcare services platform focused on preventative, community-based care, and one of Mako Capital Group's initial portfolio investments.

Arbor Reciprocal Exchange

A member-driven homeowners insurance platform, and another of Mako Capital Group's initial portfolio investments.

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What they’re saying

“Mako was built to meet founders and management teams where they are and help them scale with intention. We bring the discipline and experience of large institutional investing, combined with the operational execution and partnership mindset that lower-middle market businesses need to grow into durable, world-class enterprises.”

— Angel Morales, Co-Founder, Mako Capital Group

“Building a lower-middle market business is hard; it takes capital, operational expertise, and an entrepreneurial spirit. We bring lived experience in all three, and that's what makes Mako different. We're not just investing in these businesses - we're building alongside our partners.”

— Pete Amaro, Co-Founder, Mako Capital Group

“I've spent my career operating and building businesses, and the one constant is that great companies are built by great operators. We built this firm to be the partner we'd want if we were the ones running the business - because we have been. The lower middle market is full of exceptional leaders who need that kind of partner, and that's the opportunity Mako was created to pursue.”

— Oscar Munoz, Co-Founder, Mako Capital Group

What’s next

Mako Capital Group plans to continue expanding its portfolio of investments in the healthcare services and financial services sectors, leveraging the firm's deep expertise and operational capabilities to drive growth and value creation for its portfolio companies.

The takeaway

The launch of Mako Capital Group represents a new model of private equity investing, where seasoned operators and investors come together to partner with founder-led businesses in essential services industries. This approach aims to unlock transformational growth and long-term value by combining institutional discipline with an entrepreneurial, hands-on approach to building market-leading companies.