Latin American Private Capital Update - May 08, 2018 Latin American Private Capital Update February 5, 2019
February 5, 2019
NEWS ↓     EVENTS ↓     LAVCA ↗     VC ↗    
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

Advent to Invest US$100m in Peru's Adexus...

Venture Capital News
Venture Capital News

SoftBank to Lead US$190m+ in Gympass...

Real Estate News
Real Estate News

NH Securities Invests in Brazilian RE Fund...



Airplane in flight. Photo by Liz Daza

LAVCA's program calendar is continually evolving to meet the needs of members and the industry. 2019 programs include:

LAVCA member investment firm are invited to the Latin American PE ESG Awards during the PEI-UNPRI Responsible Investment Forum on March 5, 2019 in New York. More information.

Building on the success of last year's venture activities, LAVCA Encontro Anual Brasil, an annual invitation-only meeting for VCs, tech players, and Brazil’s top entrepreneurs, will takeplace on May 15, 2019 in São Paulo. Details.

for LAVCA Week 2019, September 23-26 in New York.
For information about the 2018 program, access:
✔️ The LAVCA Summit & Investor Roundtable (PE and RE) HIGHLIGHTS BOOK, created with support from KPMG.
✔️ A RECAP of the 2018 Venture Investors Annual Meeting.

Additional programs can be developed in partnership with our members, including LP networking activities, Please contact Ivonne Cuello for more information.

VIEW THE 2019 CALENDAR. (Additional programs and policy meetings to be announced. Event calendar subject to change.)




LAVCA spoke with Paul Carttar the co-founder of the International Venture Philanthropy Center (IVPC) and former Director of the Social Innovation Fund (a priority program of the Obama Administration), about the significant role of private investment in effecting social change through impact and ESG.

quotation-mark…many of the most exciting “impact investment” opportunities relate to very early-stage, high-risk technologies or enterprises that are in fact the “stock and trade” of VCs... I would expect to see more VCs position themselves explicitly as social impact investors, which is likely to imply a significant increase in their emphasis and capabilities relating to due diligence around social outcomes.”


Carttar is a speaker at the 2019 Foro Latinoamericano de Inversión de Impacto (FLII), Feb 19-21 in Mérida Mexico. He will speak about how to scale impact through innovative public-private partnerships.

To connect with LAVCA at the FLII contact




APPLICATIONS ARE OPEN for LAVCA | MIT Inside Private Equity: Dealmaking in Latin America, an executive education program led by the industry’s most seasoned deal makers and esteemed MIT faculty, focused exclusively on Latin America, and rooted in real-life case studies.

Over 100 participants have graduated from the program since it was launched in 2015.

Prospective attendees include Senior Associates/Vice Presidents, Principals, and Directors from private equity firms, as well as professionals from family offices, corporations, business owners, and institutional investors. Relevant industry participants seeking to transition careers are also welcome to apply.

Applicants will be admitted on a rolling basis. Limited seats available.

Contact to see if you qualify to attend.



Airplane in flight. Photo by Liz Daza
Press Release

The Institutional Limited Partners Association (ILPA) and Cambridge Associates, with the support of LAVCA and other investment industry associations, announced their pledge to employ the term “key person” to replace “key man” in all Limited Partner Agreements (LPAs), as well as other documents, on a goforward basis.

quotation-markThis focused change is one that ILPA is committed to advance in the private equity industry and we applaud all those who join us in doing so. Words matter and the term ‘key man’ is outdated and overdue for replacement. ILPA will continue to use ‘key person’ in our resources, guidelines, model documents and principles, and we encourage our members as well as our partners in the legal community to do the same.” -Steve Nelson, CEO of ILPA.

Access the press release.


Latest Industry News

Private Equity News
Private Equity News

Mubadala & Farallon to Acquire Rota das Bandeiras, a Brazilian Road Concession, for R$1.7b (em português)

(Valor Econômico) Mubadala, Abu Dhabi’s sovereign wealth fund, and Farallon Capital Management, a global institutional investment management firm, have acquired Brazil’s road concession Rota das Bandeiras. Read more

Advent International to Invest US$100m in Peruvian Adexus (en español)

(Diario Financiero) Advent International will invest US$100m in Peruvian company Adexus. The transaction is subject to regulatory approval. Read more

Mexican Government Proposes Changes to AFORES Investment Regime

(Bloomberg) The proposed changes will allow AFORES to investment in unlisted vehicles including private equity. Read more

Abraaj Group’s Private Equity Platform in Latin America to be Acquired by Colony Capital

(Press Release) The Abraaj Group and Colony Capital, a global investment firm, have signed a definitive agreement for Colony Capital and the existing management team to acquire the Abraaj Group’s private equity platform in Latin America. The transaction is expected to close during the first quarter, subject to approval. Read more

Bozano Investimentos Rebrands as Crescera Investimentos (em português)

(Estado de Minas) Brazilian private equity firm Bozano Investimentos has rebranded itself and will now be called Crescera Investimentos. The firm will focus its investment strategy on private equity and venture capital. Read more

Nexxus Capital Announces New Directors

(Press Release) Nexxus Capital announced that Iker Paullada and Amadeo Valdés will both be promoted to Director. Read more

Venture Capital News Venture Capital News

SoftBank to Lead US$190m+ Investment in Brazil’s Gympass (em português)

(Valor Econômico) SoftBank will lead a US$190m (and up to US$500m) investment in Gympass, a Brazilian B2B gym membership platform with global operations, at a reported valuation of US$1.1b. Previous investors include General Atlantic, Redpoint eventures, KaszeK Ventures, Valor Capital and Atomico. Read more

Rideshare Startups Grin & Yellow Jointly Raise US$150m & Merge to Form Grow Mobility (em português)

(Valor Econômico) Grin and Yellow jointly raised US$150m and merged to form Grow Mobility in Latin America, only a few months after Grin merged with Ride in Brazil. Read more

monashees & the IFC Lead US$14.3m Investment in Colombian Logistics Platform Liftit (en español)

(Expansión) monashees and the IFC led a US$14.3m Series A in Colombian logistics platform Liftit, with participation from Jaguar Ventures, MELI Fund, NXTP Labs and others. Read more

Elephant & Peak Ventures Lead US$16m Investment in Brazil’s Mosyle

(Press Release) Elephant and Peak Ventures led a US$16m Series A investment in Mosyle, a Brazilian MDM (Mobile Device Management) software company for Apple devices. Read more

Valor & Maya Capital Lead R$11.5m Investment in Brazil’s Gupy (em português)

(Exame) Valor Capital and new VC fund Maya Capital led a R$11.5m investment in Gupy, an AI-powered recruiting platform. Canary invested previously. Read more

IGNIA Leads US$3.5m Investment in Mexico’s GoTrendier

(Press Release) IGNIA, Ataria Ventures, and Banco Sabadell led a US$3.5m investment in GoTrendier, a clothing resale marketplace founded in Mexico by Spanish entrepreneurs, to fund expansion to Colombia and Chile. Read more

DGF Investimentos Leads US$8m Investment in Brazilian Fintech Adianta (em português)

(Baguete) Adianta, a Brazilian receivables fintech for small businesses, raised US$8m from DGF Investimentos, 42K Investimentos, Chromo Investimentos, Capital Lab and previous investors Yellow Ventures and OsherTech, among others. Read more

SoftBank Plans to Launch Latam Fund with Potential to Reach US$1b+

(Bloomberg) SoftBank is preparing a Latin American fund that “could reach several billion dollars in size,” according to Bloomberg. SoftBank COO Marcelo Claure, a Bolivian, would run the new fund. Since 2018, SoftBank has invested in 99, Loggi and Gympass in the region. Read more

Acumen Latam Capital Partners Invests US$4.5m in Peruvian Edtech Startup Crehana

(Press Release) Acumen Latam Capital Partners led a US$4.5m Series A in Peruvian edtech Crehana, with participation from Dila Capital, Mountain Nazca Mexico, and previous investors including Rethink Education and Howzat Partners. Read more

Accion Venture Lab Invests in Brazilian Neobank Jeittoo

(Press Release) Accion Venture Lab made an undisclosed investment in Jeitto, a Brazilian fintech offering a mobile purchases and payments app for underserved consumers. Read more

Colombian Software Company Siigo Acquires Ilimitada (en español)

(Valora Analitiko) Siigo, a Colombian ERP software startup, acquired Ilimitada in Medellin to accelerate growth. Accel-KKR invested in Siigo in 2017. Read more

Criatec 3 Invests R$2.5m in Brazilian Software Startup Justto (em português)

(Baguete) Criatec 3, managed by Inseed Investimentos, made a R$2.5m investment in Justto, a Brazilian software startup that automates the process of negotiating legal agreements, with a focus on consumer and labor law. Read more

Itera Capital, Formerly CyC Capital, Targets MX$60m for Third Seed Fund (en español)

(El Economista) CyC Capital updated its name to Itera Capital and is raising its third seed fund, with a target of MX$60m. Read more

Naspers’ OLX Acquires Properati Brasil (em português)

(Fusões & Aquisições) OLX, a global classifieds marketplace backed by Naspers, acquired Properati Brasil. The new entity is called Casafy and is supported by a R$8m investment from European funds Telor, Morcote and others. Read more

Chile’s Purple Dental Raises US$1m from Biotech Accelerator GaneshaLab & Others (en español)

(Press Release) Chilean dental tech startup Purple Dental raised US$1m from biotech accelerator GaneshaLab, ChileGlobal Ventures and others. Purple Dental was accelerated at MassChallenge. Read more

Carao Ventures Leads US$2m Follow-on Investment in Costa Rican Biotech Startup Speratum

(Press Release) Carao Ventures led a US$2m follow-on investment in Speratum, a Costa Rican biotech focused on microRNA-directed oncology therapies primarily for pancreatic and ovarian cancers. Read more

Bossa Nova, EDP Ventures, & BMG Uptech Lead R$1.5m Round in Brazilian Delfos (em português)

(Fusões & Aquisições) EDP Ventures made its first Brazilian investment in Delfos, an intelligent maintenance platform applying AI to the energy industry, participating in a R$1.5m round with Bossa Nova Investimentos and BMG Uptech. Read more

Real Estate News Real Estate News

NH Securities Invests R$327m in Brazil’s Venture Capital Investimentos (em português)

(O Povo) NH Securities invested R$327m in Venture Capital Investimentos, a Brazilian real estate investor responsible for the implementation of the Hard Rock Hotel projects in Brazil. Read more

GTIS Partners Exits LA Hotels & LA Serviços with Sale to Louvre Hotel Group

(Global Legal Chronicle) GTIS Partners has exited LA Hotels and LA Serviços, from Brazil Hospitality Group, with a sale to Louvre Hotel Group. The transaction marks the entrance of Louvre Hotel Group in the Brazilian market. Read more

BTG Pactual & Inverlink to Launch a Real Estate Joint Venture in Colombia (en español)

(El Espectador) BTG Pactual and Inverlink, a Colombian investment bank, signed an agreement to create a real estate joint venture in Colombia. The new company, Tandem Capital, will invest in real estate in Colombia. Read more

HSI Investimentos Exits Brazilian Self-Storage Company GoodStorage (em português)

(Brazil Journal) Brazilian private equity firm Hemisfério Sul Investimentos (HSI) sold a 50% stake in GoodStorage, a Brazilian self-storage company, to US asset manager M3 Capital Partners. Rappi, Loggi and B2W are some clients of GoodStorage. Read more

LAVCA & Industry Events
25th Annual Columbia Private Equity Conference
Hosted by Columbia Business School | February 8, 2019 | New York, NY
Investing for Impact
Hosted by The Economist | February 12, 2019 | New York, NY
FLII 2019
Hosted by New Ventures | February 19-21, 2019 | Merida, Mexico
2019 Stern Venture Capital and Private Equity Conference
Hosted by Stern Private Equity Club | February 22, 2019 | New York, NY
Responsible Investment Forum New York 2019
Hosted by UNPRI and PEI | March 5-6, 2019 | New York, NY
Latin American Private Equity and ESG AwardsLAVCA-Icon
Hosted by LAVCA & PEI/PRI | March 5, 2019 | New York, NY
Congreso de Capital Privado de la Alianza del Pacifico 2019
Hosted by ColCapital | March 7, 2019 | Bogotá
14° Summit de Capital Privado
Hosted by AMEXCAP | March 27-29, 2019 | Mexico City
Wharton Latin American Conference
Hosted by Wharton | March 29-30, 2019 | Philadelphia, PA
PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
The IFC/EMPEA Global Private Equity Conference
Hosted by the IFC & EMPEA | May 13-16, 2019 | Washington, DC
LAVCA Encontro Anual BrasilLAVCA-Icon
Hosted by LAVCA | May 15, 2019 | São Paulo
Foro Argentino de Inversiones 2019
Hosted by ARCAP | May 22, 2019 | Buenos Aires
Congresso ABVCAP 2019
Hosted by ABVCAP | May 23-24, 2019 | São Paulo
Hosted by LAVCA | September 23-26, 2019 | New York, NY
LAVCA | MIT Inside PE: Dealmaking in Latin AmericaLAVCA-Icon
Hosted by LAVCA & MIT | November 20-23, 2019 | Miami, FL
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
RSS Feed  Twitter  Vimeo

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cvent - Web-based Software Solutions