Latin American Private Capital Update February 13, 2018
February 13, 2018
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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

Nexxus Capital Partially Exits Grupo Desarrollador ZKC...

Venture Capital News
Venture Capital News

Monashees, Valar, Thrive & KaszeK Exit Brazil’s Oppa...

Real Estate News
Real Estate News

Bradesco Acquires Tishman Speyer Building in Brazil...


Member Profile: Enrique Bascur, Managing Partner, Australis

Member Profile Enrique Bascur

LAVCA spoke with Enrique Bascur, Managing Partner of Australis Partners, about his experience fundraising during a challenging period in Latin America and how the team’s background at CVCI helped create the fund’s strategy.

Bascur also discusses his views of the political environment in Chile and his expectations for the new government in relation to private investments.

quotation-markThe new government [in Chile] has a detailed program which I expect they will try to meet, addressing some controversial issues such as pension reform, simplification of the tax code, modernization of the government structure, and improvement in the quality of education. Personally, I believe that if those issues are properly addressed the country will benefit from increased business confidence at the same time that social cohesion improves.


New: 4th Edition LAVCA Deal Book + Award Luncheon

NEW: 4th Edition LAVCA Deal Book & Award Luncheon

The Latin American Private Equity Deal Book & ESG Cases, published with the support of BID Invest, details 16 PE investments across stages, countries, and sectors including consumer/retail, agribusiness, renewable energy, financial services, real estate, oil & gas, and more.

These deals and others submitted directly to LAVCA are also in consideration for a PE/ESG award. LAVCA will announce award winners at the PEI/PRI Responsible Investment Forum in New York on March 20.

LAVCA Member general partners and qualified institutional investors are invited to the award luncheon. RSVP to for a complimentary pass (attendance is limited to 1 person per firm).

Members interested in attending the full 2-day PEI/PRI Responsible Investment Forum receive a 15% LAVCA Member discount. Contact for details.


Regional Events: Colombia & Mexico

Regional Events: Colombia & Mexico

2nd LatAm LP Conference: LPs are invited to the 2nd LatAm LP Conference, hosted by ColCapital in Bogota on March, 7. For more information or to register, email Deissy Diaz.

Pacific Alliance Private Equity Summit & Women in Private Equity: Investors are also invited to ColCapital’s Pacific Alliance Private Equity Summit & Women in Private Equity in Bogota on March 8. For more information or to register, email Alejandra Mejia.

AMEXCAP 13th Private Equity Summit: Join AMEXCAP in Mexico City on March 13-15 for their annual investor event featuring venture capital, growth, real estate, infrastructure, and energy. Access the agenda and register online here.


Latest Industry News

Private Equity News
Private Equity News

Nexxus Capital Partially Exits Grupo Desarrollador ZKC (en español)

( Nexxus Capital has completed a partial exit from Mexican real estate developer and operator Grupo Desarrollador ZKC. Read more

The Abraaj Group Selina (en español)

( The Abraaj Group has made an undisclosed investment in the Mexican subsidiary of Panama-based Selina, which provides high quality affordable accommodation for budget and mid-end travelers. Read more

Nexus Group Acquires Plastic Producer Sinea (en español)

(El Comercio) Peruvian private equity firm Nexus Group has acquired 100% of Latin American plastic producer Sinea. Read more

LarrainVial’s FIP Hammer to Buy Construmart for US$49.5m (en español)

(El Mercurio) Chilean retail group SMU has agreed to sell 100% of construction company Construmart to private investment fund Hammer, managed by LarrianVial, for a total of US$49.5m. Read more

Promecap Announces Close on Mexican Highway Concessionaire (en español)

( Mexico's Promecap Capital, managed by Fernando Chico Pardo, has closed its purchase of a highway concessionaire in the interior of the country. Read more

Riverstone’s Avant Energy Invests US$200m in Midstream Assets in Mexico

(Press Release) Mexican firm Avant Energy, which is backed by U.S. private equity firm Riverstone Holdings, has announced it will invest US$200m to build a network of terminals to supply refined petroleum products in North-Central Mexico. Read more

VCS Capital Closes MXN$150m to Invest in Entertainment Industry (en español)

(El Economista) VCS Capital, a new private equity firm based in Mexico, has raised MXN$150m to invest in local film projects and entertainment businesses. Read more

Summit Agricultural Group Invests US$100m in Brazil’s FS Bioenergia

(El Comercio) Summit Agricultural Group has made a US$100m investment in FS Bioenergia, a corn ethanol production facility in Brazil. Read more

Bogotá-Villavicencio Road Construction Project Closes COP$1.6b in Financing (en español)

(Dinero) FCP 4G, a private debt fund co-managed by Credicorp Capital and SURA Asset Management, contributed 25% of the COP$1.6b in financing required for the construction of the Bogotá-Villavicencio highway in Colombia. Read more

Ruta al Mar Concessions Project Closes US$708m Financing (en español)

(Press Release) Bancolombia, CAF and Ashmore Management’s fund CAF- AM Ashmore I, and Financiera de Desarrollo Nacional closed a US$708m round of financing for Colombia’s 4G road infrastructure concession project Ruta al Mar. Read more

Venture Capital News Venture Capital News

Monashees, Valar, Thrive & KaszeK Exit Brazil’s Oppa (em português)

(Amanha) Monashees Capital, Valar Ventures, Thrive Capital, and KaszeK Ventures have completed an exit from Brazilian e-commerce platform Oppa with a sale to Meu Móvel de Madeira. Read more

IGNIA Increases Investment in Mexican Startup AirTM (en español)

(Pulso Social) Mexican venture capital firm IGNIA has made a follow on investment in local fintech startup AirTM. Read more

Axon Partners Invests in Peruvian Dating App Mi Media Manzana (en español)

(Press Release) Axon Partners made its first Peru investment in Mi Media Manzana, a dating platform operating in Peru, Colombia, Mexico and Chile. Read more

Fir Capital BZPlan Invests R$2m in Brazil’s Gofind.Online (em português)

(Press Release) Fir Capital BZPlan invested R$2m in Gofind.Online, a Brazilian local price comparison platform. Read more

Endeavor Closes Fund with US$85m in Commitments (en español)

(Press Release) Endeavor closed its Endeavor Catalyst II, a co-investment vehicle designed to support Endeavor Entrepreneurs with their equity financing rounds, with US$85m in commitments. Read more

FTV Capital & Endeavor Lead US$30m Investment in Brazilian EBANX

(Press Release) FTV Capital and Endeavor Catalyst Fund have made a US$30m investment in Brazilian payment processor EBANX. Read more

FIS Ameris Invests in Chilean Allride and Kirón (en español)

(Economía y Negocios) FIS Ameris, a new social impact fund, made its inaugural investment in Chilean carpooling app Allride. Read more

Manutara Ventures Invests in Chilean Startup Rhinobird (en español)

(Press Release) Manutara Ventures made an undisclosed investment in Rhinobird, a Chilean interactive video platform. Read more

Embrapa & Cedro Capital To Support 7 Brazilian Agtech Startups (em português)

(tiInside) Embrapa (The Brazilian Agricultural Research Corporation) and Cedro Capital selected seven agtech startups, including Agronow and Agrosmart & Horus, to receive up to R$5m each. Read more

Magma Partners Raises US$15m Fund for Latin American Tech Startups (en español)

(Economía y Negocios) Magma Partners, with the backing of several Latin American and international family offices, has raised a US$15m fund to invest in 60 Latin American early-stage tech companies. Read more

ResponsAbility Investments Exits Peru’s Financiera Confianza

(Press Release) responsAbility Investments exited Financiera Confianza, a Peruvian microfinance institution, through a sale to majority shareholder BBVA Microfinance Foundation. Read more

Real Estate News Real Estate News

Bradesco Acquires Tishman Speyer Building in Porto Maravilha (em português)

(Valor Econômico) Bradesco Seguros has acquired the Port Corporate Tower located in Brazil’s Porto Maravilha for an undisclosed amount. The building was developed by real estate firm Tishman Speyer. Read more

Thor Urbana Raises MXN$5b Through CKD & International Investors

(Press Release) Thor Urbana, a partner company of Thor Equities, has raised MXN$2.5b through a CKD vehicle listed on the Mexican Stock Exchange (BMV). Read more

Grupo Amistad Launches CKD for Industrial Assets in Mexico (en español)

(El Economista) Mexican real estate developer Grupo Amistad has launched a CKD vehicle on the Mexican Stock Exchange (BMV) for a total of MXN$2.5b. The firm plans to deploy the capital in industrial buildings throughout Mexico. Read more

Blackstone Names Jon Gray as President & Chief Operating Officer

(Press Release) Blackstone has announced that Tony James, President and Chief Operating Officer, will be handing over day-to-day management of the firm to Jon Gray, Global Head of Real Estate. Two long-time leaders in Blackstone’s real estate group, Ken Caplan and Kathleen McCarthy, have been named Global Co-heads of Real Estate succeeding Mr. Gray. Read more

Hines to Launch R$1.5b Worth of Projects in 2018 (em português)

(Valor Econômico) Global real estate investment, development and management firm Hines plans to invest R$1.5b in Brazilian real estate projects in 2018 in partnership with Cyrela, Tecnisa, Vitacon, and Stuhlberger Construtora e Incorporadora. Read more

Why So Many Shopping Malls Are Being Built in Mexico

(WSJ) The strong demand that Mexico’s growing middle class is having for urban-located shopping centers that offer a full social experience, along with the under penetration of online shopping are some of the reasons why malls are thriving in the country. Read more

Macquarie Infrastructure & Real Assets Merges with GLL

(IPE Real Assets) Macquarie Infrastructure and Real Assets (MIRA) and GLL Real Estate Partners have agreed to merge and will together manage €10.6b worth of assets in Europe and the Americas. Read more

LAVCA & Industry Events
Add to Calendar
24th Annual Columbia Business School Private Equity Conference
Hosted by Columbia Business School Private Equity Club | February 23, 2018 | New York, NY
Add to Calendar
Foro Latinoamericano de Inversión de Impacto (FLII) 2018
Hosted by New Ventures | February 27–March 1, 2018 | Merida, Mexico
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2018 UCLA Latin American Business Conference
Hosted by UCLA | March 2, 2018 | Los Angeles, CA
Add to Calendar
2018 Annual NYU Stern VC & PE Conference
Hosted by NYU Stern | Mach 2, 2018 | New York, NY
Add to Calendar
Women's Private Equity Summit
Hosted by Falk Marques Group | March 7–9, 2018 | Half Moon Bay, CA
Add to Calendar
2nd LatAm LP Conference
Hosted by ColCapital & EY | March 7, 2018 | Bogotá, Colombia
Add to Calendar
Pacific Alliance Private Equity Summit + Women in Private Equity
Hosted by ColCapital & EY | March 8, 2018 | Bogotá, Colombia
Add to Calendar
Stanford/NVCA Venture Capital Symposium
Hosted by Stanford & NVCA | March 13–14, 2018 | Stanford, CA
Add to Calendar
13° Summit de Capital Privado
Hosted by AMEXCAP | March 1315, 2018 | Mexico City, MX
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Latin American PE ESG Awards Luncheon LAVCA-Icon
Hosted by PEI-UNPRI | March 20, 2018 | New York, NY
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2018 Responsible Investment Forum New York
Hosted by PEI-UNPRI | March 20–21, 2018 | New York, NY
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Wharton Latin America Conference
Hosted by Wharton | March 22–24, 2018 | Philadelphia, PA
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Finnosummit Colombia
Hosted by Finnovista | March 22, 2018 | Bogotá, Colombia
Add to Calendar
2018 Chicago Booth Emerging Markets Summit
Hosted by The University of Chicago Booth School of Business | April 14, 2018 | Chicago, IL
Add to Calendar
VC in São PauloLAVCA-Icon
Hosted by LAVCA | May 8, 2018 | São Paulo, Brazil
Add to Calendar
20th Annual IFC/EMPEA Global Private Equity Conference
Hosted by IFC & EMPEA | May 15-16, 2018 | Washington, D.C.
LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell.

Latin American Venture Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018

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