Latin American Private Capital Update - June 9, 2020 Latin American Private Capital Update June 9, 2020
June 9, 2020
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LAVCA Private Capital Update
The LAVCA Private Capital Update is a bi-weekly email featuring industry news, research, events, and updates on investors from private equity, venture capital, real estate, infrastructure, and family offices in Latin America.
 

Latest Industry Headlines

 
Private Equity News
Private Equity News

IG4 Capital Acquires Two Hospitals for R$200m...

Venture Capital News
Venture Capital News

Valor Capital & Redpoint Invest US$47m in Tembici...

Real Asset News
Real Assets News

SURA and Credicorp Launch a US$86.5m Infra Fund...

 
READ MORE NEWS
 
 

LP PROFILE:  Rafael Ramirez, APFC on PE & Special Opportunities

 
Alaska Permanent Fund
 
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LAVCA recently spoke with Rafael Ramirez, Portfolio Manager – Private Equity & Special Opportunities at the Alaska Permanent Fund Corporation, a sovereign wealth fund originally seeded by state oil & gas revenues with a globally diversified US$63b multi-asset class and multi-strategy portfolio.

quotation-markWe have opportunistically been adding to Latin American [allocations] in recent years and expect our exposure to marginally increase as our capital is called.

With a track record of committing to the region's funds over the last decade, Rafael also discusses how the COVID-19 pandemic has led to opportunities for remote due diligence and the strategies that are most attractive in the region in the short- and long-term.

quotation-markWe completed our first virtual onsite post-COVID last month and are in the process of wrapping up our investment and legal due diligence for that specific opportunity… we are confident that we have the right tools in place to properly carry out our investment process on a virtual basis.

READ the full LP Profile.

 
 

LAVCA MEMBERS: INTERVIEW WITH Principal Financial Group México

 
CFA Assets
 
CONTACT LAVCA
 


LAVCA in collaboration with CFA Society New YorkCFA Institute, and CAIA Association, invites Members to a private webinar interview conducted by LAVCA's CEO, Ivonne Cuello, with CIO of Principal Financial Group México, Juan Veron, on July 13th, at 12:00pm EDT.

The discussion will focus on Afore Principal's perspective, exposure to alternative investments locally and internationally, and Mexico's macroeconomic outlook. 

The webinar is part of the Asset Owner Series™ (AOS), which is a collection of in-person and virtual events from CFA Society New York. For more information about this series, please click here

LAVCA Members interested in attending virtually, please contact LAVCA (contact@lavca.org).
 

 
 

NOMINATE A PRIVATE EQUITY DEAL

 
DEAL BOOK
 
NOMINATION FORM
 

LAVCA is seeking submissions for upcoming publication of timely private capital deal cases. Access past editions of LAVCA's Deal Books here.

Open exclusively to LAVCA members, firms can nominate investment cases for consideration.

NEW IN 2020: LAVCA is looking to highlight how firms are supporting portfolio companies and surrounding communities during the global pandemic as a way to showcase the importance of the private sector for a long-term recovery.

Complete the online submission form. A PDF submission form can be sent to fund managers upon request.

LPs and service providers can also nominate deals using this SHORT FORM.

For questions, contact LAVCA.

 
 

Latest Industry News

 
Private Equity News
Private Equity News

IG4 Capital Acquires Two Hospitals for R$200m

(Press Release) IG4 Capital has acquired two Brazilian hospitals through its recently formed OPY Health unit for R$200m. IG4 plans on expanding the number of beds in both hospitals. Read more


Advent International-Backed YDUQS Acquires Grupo Athenas for R$120m (em português)

(Press Release) Advent International-backed Brazil-based educational group YDUQS acquired Brazil-based post-secondary educational group Grupo Athenas for R$120m. Read more


Equity International Increases Stake in Estapar (em português)

(Valor Econômico) Equity International, through its investment fund Riverside Fundo de Investimento em Participações Multiestrategia, increased its stake in Estapar (Allpark), a Brazil-based company that manages and operates vehicle parking lots. Read more


Blue Like an Orange Sustainable Capital Reaches US$200m+ Final Close for Latin America Fund I

(Press Release) Blue Like an Orange Sustainable Capital has reached a US$200m+ final close for its first Latin America fund. The fund has a co-financing agreement with IDB Invest and counts over 25 limited partners, including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance, MACSF, and several family offices. Read more


HarbourVest Partners Mexico Raises US$170m via CerPi (en español)

(Sentido Común) HarbourVest Partners Mexico raised US$170m through the Series B issue of a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). The CerPi, listed as HV2PI 20D, was constituted by selling 170k certificates for US$1,000 each. Read more


XP Private Equity Acquires CBV Eye Hospital for R$200m (em português)

(Yahoo Finanças) XP Private Equity acquired control of Brazil-based CBV Eye Hospital for R$200m. XP plans to use CBV as a consolidation platform in Brazil, with 5,000 clinics and ~ R$8b of annual revenue. Read more


Venture Capital News Venture Capital News

Valor Capital and Redpoint eventures Lead a US$47m Series B in Tembici

(Press Release) Tembici, a Brazilian micro-mobility platform focused on bikes, raised a US$47m Series B led by Valor Capital and Redpoint eventures. Read more


SoftBank Latin America Fund Leads a US$22m Series B in Cortex

(Press Release) Cortex, a Brazilian SaaS marketing and sales growth platform, raised a US$22m Series B led by SoftBank’s Latin America Fund, with participation from Redpoint eventures and Endeavor Catalyst. Read more


KaszeK Ventures and Founders Fund Lead a US$10m Investment in Mexican Fintech Belvo

(TechCrunch) Belvo, a Mexican fintech providing a financial services API platform for mobile applications, raised a US$10m round led by KaszeK Ventures and Founders Fund. MAYA Capital, Venture Friends, and Nubank CEO David Velez followed on in the round. Read more


Redpoint eventures and HDI Seguros Invest US$6.5m in Financial Planning Accountfy (em português)

(Valor Econômico) Accountfy, a Brazilian B2B financial planning and analysis platform, raised a U$6.5m round from Redpoint eventures and Chilean insurance conglomerate HDI Seguros. Read more


Santander InnoVentures Leads a US$5m Series A in Revenue-Based Lending a55 (em português)

(Globo) a55, a Brazilian revenue-based lender focused on small businesses, raised a US$5m Series A investment led by Santander InnoVentures. The company raised US$3m previously from unnamed investors. Read more


Real Asset News Real Asset News

SURA and Credicorp Launch a US$86.5m Infrastructure Fund

(Press Release) SURA Investment Management and Credicorp Capital Asset Management, together called Unión para la Infraestructura S.A.C (UPI), launched a US$86.5m target equity infrastructure fund focused on Pacific Alliance countries: Colombia, Chile, Peru, and Mexico.  Read more


Riverstone to Acquire 80% Stake in Two Mexican Solar Power Plants from Opdenergy

(Press Release) Riverstone Holdings agreed to acquire an 80% stake in two Mexican solar photovoltaic plants, totaling 144MW, from Spanish developer Opdenergy. This acquisition will form Vera Renovables, an 80/20 joint venture focused on the development of new renewable energy projects. Financial terms of the agreement are undisclosed. Read more


Abertis and GIC Acquire Majority Stake in Red de Carreteras de Occidente from GSIP

(Press Release) Abertis and GIC have acquired a 72.3% stake in Red de Carreteras de Occidente (RCO), a toll road network in Mexico. The transaction was completed by obtaining a 70% stake held by Goldman Sachs Infrastructure Partners (GSIP) and a 2.3% stake held by local investors and pension fund managers (AFORES).  Read more


Patria Forms Renewable Energy Firm to Control and Develop its Wind and Solar Assets

(Reuters) Patria Investimentos has formed a renewable energy firm after acquiring solar and wind assets with roughly 800MW capacity to control and develop them. Read more


Pirineus Acquires Eletrobras’ 49% Stake in Brazilian Wind Farm Mangue Seco 2 for R$33m (em português)

(Press Release) Pirineus Multistrategy Investment Fund acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for R$33m. Read more



 
 
LAVCA & Industry Events
MORE INFORMATION
The Future of Retail After Covid
Hosted by ACV, VC Academy, Innova360 | June 17, 2020 | Webinar
 
MORE INFORMATION
LAVCA WeekLAVCA-Icon
Hosted by LAVCA | September 14-17, 2020 | New York
 
LAVCA Members receive a discount on select events. For information on member discounts, contact Catalina Santos.
 

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Investment in Latin America
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New York, NY 10018

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