|
|
| 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.
|
|
LAVCA is delighted to announce the winners of the 2018 MBA scholarship competition for LAVCA/MIT Inside Private Equity: Deal Making in Latin America.
- Tomas Garcia Escudero, Stanford
- Mauricio Carvajal, Stanford
The scholarships are made possible with the generosity of LAVCA's Chairman Carlos Garcia, and the Partners of Victoria Capital Partners.
Thank you to all those that applied.
The deadline for investors and PE industry professionals to apply for the program, taking place in Miami, FL on November 12-15, 2018, is approaching. Applications must be submitted by November 2, 2018 at 11:59pm.
The program features sessions led by practitioner faculty, including:
- Daniel Sterenberg, Managing Director, The Carlyle Group
- Scott Voss, Managing Director, HarbourVest Partners
- Marco D'Ippolito, Managing Partner & Chief Operating Officer, Patria
- Manuel García Podestá, Director, Advent International
- Martín E. Díaz Plata, Managing Partner, Capital Group Private Markets
- Cesar Pérez Barnés, Partner, Southern Cross Group
- Jesús Argüelles, Portfolio Manager, OTPP
- Flavia Almeida, Managing Director & Partner, Península Participações
- Joaquim Lima, Managing Director, Riverwood Capital
- Santiago Cotter, Partner and Investment Committee Member, Victoria Capital Partners
- Tim Cohan, Partner, Stanwich Advisors
APPLY NOW or visit the website for more information.
|
|
|
|
The Impact Investing Landscape in Latin America, a joint report by LAVCA and the Aspen Network of Development Entrepreneurs (ANDE) is now available for download.
The 2018 edition of the report provides an updated, comprehensive look on the state of impact investing across Latin America.
Using survey data from over 60 investors in the region, the report outlines trends in investment activity in 2016 and 2017, examines challenges for investors, and evaluates the future of impact investing in Latin America — where...
 …investors plan to deploy an additional US$2b in [impact] capital [in Latin America] over the next two years.
Join ANDE for report launch events in Brazil and Mexico later this month.
|
|
|
|
|
|
Jennifer Reyna founded Gaszen in Mexico in 2016 to disrupt how energy is consumed in Latin America. Gaszen's IoT gas management solution puts an emphasis on range and price using embedded software technology.
In this interview, Jennifer Reyna talks about the benefits of building a startup in Mexico, the challenges of being a woman entrepreneur, and how winning WeXchange in 2017 helped her grow her business and network.
…The cost of operations is, without a doubt, the best benefit of running a startup out of Mexico. Our team in the US would consist of two engineers. For the same spend in Mexico, we have six engineers (two with more than twelve years of experience and patents) plus six business collaborators. The low cost of operations allows us to build our service and product at the same stage as some of our competitors with one-third of the funding.
WeXchange is a forum that connects high growth women entrepreneurs in Latin America with investors and mentors. The 2018 edition focuses on innovation, science, technology, engineering and math (STEM)! Access the program agenda.
Registration is free for qualified individuals. Fill out the this form to see if you qualify to attend.
|
|
|
|
LAVCA is conducting the first-ever survey of Latin American startups, the results of which will be shared globally to help put Latin American tech innovation on the map.
We want to tell the world how many jobs startups in the region are creating, diversity among startup founders, challenges for startup growth, and the impact startups are making in their market, sector, and community.
All qualifying applicants will receive:
PARTICIPATE IN THE SURVEY
This survey is multiple choice and should take a startup CEO or founder no more than 12-15 minutes to complete. If you have any questions, please contact jruvolo@lavca.org or malgarin@lavca.org.
|
|
|
|
|
Private Equity News
IDEAL, CPPIB & Ontario Teachers Invest in Pacifico Sur Toll Road in Mexico
(Press Release) Impulsora del Desarrollo y el Empleo en América Latina (IDEAL), CPPIB and Ontario Teachers expand a Mexican infrastructure partnership with an agreement to invest in Pacifico Sur, a 309 km toll road in Mexico. The investment is an expansion on the original acquisition of Arco Norte, a Mexican toll road, in 2016. Read more
Brazil's BNDES, IFC & BID Commit R$1.2b to Patria’s Corporate Credit Fund (em português)
(Valor Econômico) BNDES, IFC, and BID Invest committed R$1.2b to Patria’s Credito Estruturado Fund (FDIC). The fund will grant long-term credit of up to seven years to medium-sized companies that do not have access to the capital markets. Read more
Siguler Guff Raises US$309m for Fund That Invests in Legal Claims Against Brazilian Government
(Private Debt Investor) Siguler, Guff & Company has raised US$309m for its emerging markets fund, according to an SEC filing. The Brazil Special Situations Fund will invest in legal claims against Brazil's government. Read more
H.I.G. Capital Acquires Brazilian Automotive Filters Producer Tecfil
(Press Release) H.I.G. Capital acquired Tecfil, a Brazilian automotive filters producer serving the aftermarket segment. Read more
CyrusOne Invests US$12m in Patria Investments’ ODATA Brasil and ODATA Colombia
(Press Release) CyrusOne, a global data center REIT, announced it will make a US$12m investment in ODATA, a data center in Brazil focused on serving cloud companies. The company has over 12 MW of capacity with plans to develop over 100 MW in Brazil, and will soon launch construction in Colombia. ODATA is majority owned by Patria Infrastructure Fund III, managed by Patria Investments. Read more
Infraestructura Energética Nova announced a US$200m Joint Venture in Mexican Refined Products Facility
(Press Release) Trafigura announced a joint venture with Infraestructura Energética Nova to develop a refined products terminal and storage facility in Manzanillo, Colima, Mexico. The project’s estimated investment is US$200m. Read more
KKR Lists US$500m CERPI on Mexico’s BMV (en español)
(El Economista) KKR listed a US$500m CERPI on Mexico’s BMV. Read more
Gavea’s Grupo São Francisco Acquires New Hospitals (em português)
(SingsegSP) Gavea Investimentos’ São Francisco Group acquired São Lucas Saúde, which includes two hospitals, Hospital and Maternity São Lucas (Bauru) and Hospital and Maternity São Lucas. Read more
Lock Capital Solutions Lists CERPI on Mexico’s BMV (en español)
(El Economista) Lock Capital Solutions, an affiliate of Apollo Global Management, will list a CERPI on the Mexican Stock Exchange (BMV). The company will use the capital to invest in hybrid value vehicles (private equity and liquid credits) in Mexico and abroad. Read more
Altor Estructuradores to List CKD on Mexico’s BIVA (en español)
(El Economista) Altor Estructuradores is preparing to list a CKD on Mexico’s BIVA for MXN$2.5b with the purpose of investing in public infrastructure projects through public-private partnerships. Read more
|
 Venture Capital News
Tencent Invests US$180m in Brazilian Financial Services Startup Nubank
(TechCrunch) Nubank doubled its valuation to US$4b this year with a US$180m investment from Tencent, representing about a 5% stake in the company. US$90m was a direct investment from Tencent; the other US$90m in equity was purchased from existing shareholders. Read more
Chilean Fondo CLIN Invests US$600k in Crop Monitoring and Logistics Platforms (en español)
(Diario Financiero) Chilean Fondo CLIN invested US$300k in Instacrops, a crop monitoring platform, and US$300k in SimpleRoute, a logistics platform. Fondo CLIN is administered by Fundación Chile, with funding from Corfo, family office Zoma Capital, Entel, and Engie Factory. Read more
Vector Inovação e Tecnologia Acquires Brazilian Fintech Beblue (em português)
(Exame) Vector Inovação e Tecnologia acquired a controlling stake in Brazilian fintech Beblue, a payments and loyalty platform for small merchants. Read more
BID Invest & OPIC Launch Gender Focused Fund for Latin America and the Caribbean
(Press Release) BID Invest and OPIC partnered to launch Fund Mujer, the first gender-focused fund for Latin America and the Caribbean, to invest in female entrepreneurs, companies with a significant share of women leaders, and firms that generate jobs or consumer products for women. The fund has a US$200m target and is expected to be comprised of 70% equity / 30% debt. Read more
Dux Capital Makes Undisclosed Investment in Transcription Startup Atexto (en español)
(Dux Capital) Dux Capital made an undisclosed investment in transcription startup Atexto. Read more
Project A Ventures Exits Brazilian E-Commerce Platform for Natural Products Natue (em português)
(E-Commerce Brasil) Brazilian retailer Mundo Verde acquired 100% of Natue, an ecommerce platform for natural products in Brazil, providing an exit to majority stakeholder Project A Ventures. Read more
Goldman Sachs Leads US$34m Round in Argentine Mobile Banking App Ualá
(Bloomberg) Goldman Sachs led a US$34m investment in Ualá, an Argentine mobile banking app, with participation from monashees, Ribbit Capital, Jefferies Group, Cohen’s Point72 Ventures, and Soros’s family office. Read more
Angel Ventures Peru Leads US$350k Seed Investment in Startup FitCo
(Press Release) Angel Ventures Peru led a US$350k seed investment in FitCo, a Peruvian gym management startup that also operates in Mexico, Chile, and Colombia. Read more
|
 Real Estate News
FYNSA Will Develop Six Real Estate Projects with US$40.5m Fund (en español)
(El Mercurio) FYNSA raised a real estate development fund of approximately US$40.5m that will be used develop six residential projects in the metropolitan region of Chile. Read more
Fortem Capital Completes MXN$5b Raise on Mexico's BIVA (en español)
(El Economista) Mexican real estate fund manager Fortem Capital raised a CKD vehicle for up to MXN$5b on the new Mexican Stock Exchange, Bolsa Institucional de Valores (BIVA). Fortem will use the capital to develop between 13 and 16 projects in the retail, residential, and hospitality sectors. Read more
|
|
|
|
|
|
LATAM Investment Summit
Hosted by i11 and Group SG | October 19, 2018 | Miami, Florida
|
| |
|
|
Sustainable Investing Emerging Markets Summit
Hosted by EMPEA | October 23, 2018 | London, UK
|
| |
|
|
Latin American Ventures Summit
Hosted by Corporación Ventures | October 30-31, 2018 | Cartagena, Colombia
|
| |
|
|
GIIN Investor Forum
Hosted by GIIN & PEI | October 30-31, 2018 | Paris, France
|
| |
|
|
Foro Argentino de Inversiones 2018
Hosted by ARCAP | November 1, 2018 | Buenos Aires, Argentina
|
| |
|
|
WeXchange
Hosted by FOMIN | November 6-7, 2018 | Lima,Peru
|
| |
|
|
Brazil Renewable Energy Meeting
Hosted by CERNE | November 6-7, 2018 | New York,NY
|
| |
|
|
FLII Central America and the Caribbean
Hosted by Alterna & New Ventures | November 7-8, 2018 | Antigua,Guatemala
|
| |
|
|
PERE America
Hosted by PERE | November 7-8, 2018 | New York, NY
|
| |
|
|
Women's Alternative Investment Summit
Hosted by Falk Marques | November 8-9, 2018 | New York,NY
|
| |
|
|
Inside Private Equity: Dealmaking in Latin America
Hosted by LAVCA & MIT | November 12-15, 2018 | Miami, Florida
|
| |
|
|
5th International Investment Forum Chile 2019
Hosted by InvestChile | January 15-17, 2019 | Santiago, Chile
|
| |
|
|
PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
|
| |
| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell. |
The Association for Private Capital
Investment in Latin America
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
|