DRAGONSTONE

Capital & Investment Advisory

An independent advisory firm specialized in macro-driven strategies, structured finance, and infrastructure investment.

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Who We Are

Strategic Vision

Founded in 2025, DragonStone is an independent capital and investment advisory firm headquartered in Panama City, Panama. We combine rigorous macroeconomic analysis with sophisticated financial structuring to deliver exceptional results for our clients.

Our approach integrates traditional finance principles with modern strategies including arbitrage, hedging, and carry-trade mechanisms to optimize returns while maintaining disciplined risk management.

HNW
Client Focus
Global
Perspective
Panama
Headquarters

Leadership

Meet Our Founder

Martin Castellon

Martin Castellon

Principal & Founder

Education

  • International MBA, IE Business School (Madrid, 2022)
  • BS Energy Business & Finance, Penn State University (2017)

Career Highlights

  • 7+ years structuring cross-border sustainable infrastructure deals
  • Former Investment Associate at IDB Invest driving $500M+ in landmark transactions
  • Structured $200M+ in financings for regulated utilities, including ENSA Panama and Jamaica Public Service, across generation, transmission, and distribution
  • Led multiple solar, eolic, and hydro projects totalling more than 765 MW in capacity with storage included throughout different countries in the Americas
  • CIFI | Corporate & Project Finance — $380M+ / 15+ transactions across senior loans, mezzanine debt, participations, and credit facilities
  • Started career at PwC Denver - valuation work for J.P. Morgan, Tesla, Duke Energy
  • Private & early-stage investing — work with clients on key early investments in OpenAI (pre-IPO), and seed-stage technology companies, including 1X Robotics and MegaETH
  • Client portfolios delivering superior outperformance with a Sharpe ratio of 4.7 through diversified risk-adjusted strategies

Credentials

USA & EU Work Authorization Microsoft Certified Excel Expert PwC Financial Modelling Harvard: Programming with Python

Languages

  • Native English & Spanish
LinkedIn

Our Approach

Investment Philosophy

Macro-First Analysis

Every investment decision begins with understanding global economic trends, monetary policy, and geopolitical dynamics. We position portfolios to benefit from structural shifts before they become consensus.

Risk-Adjusted Returns

Capital preservation is paramount. We pursue asymmetric opportunities where potential upside significantly outweighs downside risk, using rigorous quantitative analysis to size positions appropriately.

Structured Solutions

Complex challenges require sophisticated instruments. We leverage derivatives, hedging strategies, and customized structures to achieve specific client objectives while managing tail risks.

Long-Term Alignment

We invest alongside our clients and measure success over market cycles, not quarters. Patient capital and disciplined execution allow us to capture opportunities others overlook.

Our Macro-Driven Investment Process

Global Macro Analysis
→
Opportunity Identification
→
Risk Assessment
→
Structure & Execute
→
Monitor & Adjust

What We Do

Our Services

Asset Allocation

Strategic portfolio construction tailored to individual risk profiles, investment horizons, and wealth preservation objectives.

Yield Optimization

Maximizing risk-adjusted returns through careful analysis of market opportunities and systematic implementation of proven strategies.

Structured Finance

Complex financial solutions designed to meet specific objectives, including hedging strategies and customized investment vehicles.

Infrastructure Advisory

Advisory mandates for large-scale infrastructure projects, including renewable energy and transmission developments at national scale.

Real Estate

Strategic real estate investment advisory spanning commercial, residential, and mixed-use developments across high-growth markets in the Americas.

Venture Capital

Early-stage and growth equity investments in transformative technology companies, from seed rounds to pre-IPO opportunities in AI, robotics, and Web3.

Core Competencies

Our Expertise

01

Macro-driven investment strategies informed by global economic analysis

02

Arbitrage and carry-trade mechanisms for enhanced portfolio returns

03

Risk-adjusted portfolio construction for high-net-worth individuals

04

National-scale renewable energy and transmission project advisory

05

Integration of traditional finance with sophisticated hedging strategies

Market Intelligence

Latest Insights

Market Commentary Jan 2025 • 8 min read

Navigating Rate Divergence: Opportunities in EM Fixed Income

As developed market central banks diverge on monetary policy, emerging market bonds present compelling risk-adjusted opportunities for patient capital.

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Infrastructure Dec 2024 • 6 min read

Latin America's Energy Transition: Investment Thesis

The region's abundant renewable resources and growing energy demand create a multi-decade investment opportunity in sustainable infrastructure.

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Strategy Nov 2024 • 10 min read

Building Resilient Portfolios in an Era of Uncertainty

How sophisticated hedging strategies and alternative assets can protect wealth while maintaining exposure to growth opportunities.

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Get in Touch

Contact Us

We welcome inquiries from qualified investors and institutions seeking sophisticated capital and investment advisory services.

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