[citation needed] He graduated Phi Beta Kappa in three years from Cornell University in 1971 and earned a Juris Doctor from Harvard Law School in 1974.

He was also the first Black or Latino to start as an associate in a major New York law firm and rise through the ranks to full partnership.

TCW/LAP made controlling investments in Brazil, Argentina and Mexico in the food, telecom, financial services, retail beauty products, home construction materials and supplies, and the distribution and logistics sectors.

[citation needed] In 2011, Baeza formed Tropix Holdings, LLC, a merchant-banking firm making U.S. authorized legal investments in Cuba, pending the complete lifting of the U.S. Embargo.

Baeza founded Hillside Broadcasting Corp., which acquired a controlling interest in WWAY-TV (Wilmington, N.C.) and KSLA-TV (Shrevesport, La.