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| 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.
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Today LAVCA published the Latin American Private Capital Fund Terms & Compensation Report with the aim of providing a benchmarking tool for domestic and international GPs who are active in Latin America across the asset classes of private equity, venture capital, and real estate.
The study identifies preferred fund terms and compensation strategies currently used by private capital fund managers investing in the region.
Members can DOWNLOAD the report here free of charge using their login. Non-members can purchase the report for US$395. Access sample pages.
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LAVCA is seeking deal submissions for the fifth edition of The Latin American Private Equity Deal Book & ESG Cases. Access past editions here.
Open exclusively to LAVCA Members, firms can nominate investment cases for consideration for the deal book and the Latin American Private Equity Awards. Congratulations again to the 2018 winners MAS Equity, Victoria Capital, Ashmore, and Actis.
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.
Questions can be directed to Natalia Valencia.
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LAVCA and MIT Sloan School of Management Latin America Office are partnering for INSIDE PRIVATE EQUITY: Dealmaking in Latin America, taking place in Miami, FL on November 12 -15, 2018.
The program features sessions led by esteemed faculty from MIT Sloan School of Management including William Aulet and Roberto Rigobon.
NEW: Joining the practitioner faculty this year is Marco D'Ippolito, Managing Partner and Chief Operating Officer of Pátria Investimentos. Marco will lead a session on "Institutionalizing Firm Governance, Leadership & Culture".
APPLY HERE. Applicants will be admitted on a rolling basis. Completed applications should be submitted as early as possible to reserve your place.
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GP SURVEY: LAVCA is collecting data for the mid-year survey on PE/VC activity.
250+ fund managers participate in LAVCA data collection, which is a key element to promoting capital flows into the region and helps to educate investors about the growing private capital industry in Latin America.
If you are a fund manager active in the region and would like to participate in the survey, please contact Natalia Valencia or Eduardo Roman. Information shared with LAVCA remains confidential.
LP SURVEY: LAVCA and Cambridge Associates are surveying LPs for information about private capital activity and allocations.
LPs interested in participating will receive a complimentary copy of the LAVCA Industry Data & Analysis (US$795 value) and results will be presented on September 26 at the LAVCA Summit & Investor Roundtable during LAVCA Week. Contact our research team to participate.
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Private Equity News
ACON Sells Hidrotenencias to Glenfarne
(Press Release) ACON announced that its third Latin American-focused private equity fund, ACON Latin America Opportunities Fund, and ACON Latin America Opportunities Fund-A, completed the sale of its portfolio company, Hidrotenencias, a group of Panamanian hydro power plants, to EnfraGen Spain, a subsidiary of Glenfarne Group. Read more
LarrainVial Sells Chile’s Frutícola San Pablo to Limoneira for US$13m (en español)
(Economía y Negocios) LarrainVial sold Chile’s Frutícola San Pablo to US agribusiness firms Limoneira for US$13m. Frutícola was 65% controlled by the Private Investment Fund for Agricultural Growth (FICA), managed by Sembrador Capital de Riesgo, which in turn is owned by LarrainVial through Activa. Read more
Pátria Investimentos Acquires Majority Stake in Brazilian Private Healthcare Center Vitória Apart Hospital
(Latin Lawyer) Pátria Investimentos acquired a majority stake in Brazilian private healthcare center Vitória Apart Hospital. Read more
Bradesco Makes Undisclosed Investment in Brazil’s Cuponeria (em português)
(DCI) Cade approves Bradesco’s undisclosed investment in Brazil’s discount coupon company Cuponeria. The acquisition of the stake will be made by Bradesco’s 2bCapital via its InovaBra Investment Fund (FIP). Buscapé, the price comparison service owned by Naspers, has a 30 percent stake in Cuponeria. Read more
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 Venture Capital News
Movile Raises US$124m for Brazilian On-Demand Food Delivery Company iFood
(TechCrunch) Movile raised a US$124m round of financing for iFood, led by Naspers, with participation from Innova Capital. Last year, Movile raised US$82m for iFood plus an additional US$53m for Movile, also from Naspers and Innova Capital. Read more
Angel Ventures Completes Investments in CitySense and Energryn
(Press Release) Angel Ventures invested US$1.3m in CitySense, a Chilean open platform to develop smart city solutions, and US$1.2m in Energryn, a Mexican startup using patented hybrid solar technology to democratize consumer access to affordable green energy, through its Pacific Alliance Fund II. Read more
Y Combinator and Others Invest US$800k in Colombian Tax Automation Platform Tributi (en español)
(Pulso Social) Tributi, a Colombian tax automation platform, raised US$800k from Y Combinator, Foundation Capital, Graph Ventures, and others. Read more
Magma Partners and ConsenSys Ventures Make US$600k Investment in Chilean Fintech CryptoMarket (em português)
(LatAm List) Magma Partners and ConsenSys Ventures made a US$600k investment in Chilean fintech CryptoMarket. Read more
Criatec 2 Makes R$2.5m Investment in Brazilian Payments Platform Paggcerto
(Valor Econômico) Criatec 2 made a R$2.5m investment in Paggcerto, a Brazilian payments platform. Read more
Loyall Participates in R$2m Seed Investment in Brazilian P2P Lender Nexoos
(iupana) Family office Loyall participated in a ~R$2m seed investment in Brazilian peer-to-peer lender Nexoos. Read more
Canary Makes Undisclosed Seed Investment in Brazilian Healthtech Startup Go Good (em português)
(Startse) Canary made an undisclosed seed investment in Go Good, a collaborative exercise app. Read more
Y Combinator Backs LatAm Focused e-Scooter Startup Grin
(Axios) monashees+, Sinai Ventures, Liquid2 Ventures, 500 Startups, Base10 Partners, and others made an undisclosed seed investment in Grin, an e-scooter company that just joined Y Combinator. Read more
Chilean VC Fund Disruptech Targets US$19m to Invest in Early-Stage Blockchain, AI, and IoT (en español)
(El Mercurio) Disruptech is a new Chilean VC fund targeting US$19m in capital commitments to invest up in early-stage blockchain, AI and IoT projects. Read more
Brazil’s BNDES Selects DOMO Invest to Manage R$100m Angel Co-Investment Fund (em português)
(Press Release) Brazil’s BNDES selected DOMO Invest to manage its angel co-investment fund, which will invest up to R$100m over the next ten years across sectors, with initial tickets up to R$500k. Read more
Senior Launches Brazilian Corporate Venture Vehicle (em português)
(Baguete) Brazilian software company Senior launched a corporate venture investment vehicle, Senior Ventures, which seeks to invest in B2B and B2C software startups focused on fintech and human resources. Read more
Facebook Selects 10 Social Impact Startups for Acceleration (em português)
(DCI) Facebook announced the ten startups that the social network will support in Brazil in the second half of 2018, in partnership with the social impact business accelerator Artemisia. The teams will have mentorship of Facebook and experts in topics related to their business. Read more
ChileGlobal Ventures Seeks to Invest in AI, IoT, and Data Analytics (en español)
(El Mostrador) ChileGlobal Ventures, the venture capital branch of Fundación Chile and Entel, will look for Chilean and LatAm startups focused in delivering solutions through Artificial Intelligence, Internet of Things, Data Analytics, or Tangible Technologies. Companies can apply for up to US$500k of financing through #GeneracionImpacto. Read more
Mais Retorno Receives R$1m From Undisclosed Angel Investors (em português)
(Fusões & Aquisições) Angel investors in Rio Grande do Sul made a R$1m investment in Brazil's Mais Retorno.Read more
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 Real Estate News
OPIC Commits up to US$50m to Avenida Capital’s Colombia Real Estate Fund II
(Press Release) The Overseas Private Investment Corporation (OPIC) has committed up to US$50m to Avenida Capital’s Colombia Real Estate Fund II (CREF II) to support the development of low and middle-income housing and sustainable commercial and mixed-use projects in urban parts of Colombia. Read more
Némesis Capital to Raise MXN1.4b CKD for Mexican Real Estate (en español)
(El Economista) Némesis Capital plans to raise up to MXN1.4b via a CKD for three real estate projects including mixed-use and housing in Mexico. Read more
Logistics-Focused Global Real Estate Investor Prologis Targets New Projects in Brazil (em português):
(Valor Econômico) Logistics-focused global real estate investor Prologis targets new projects in Brazil. With a million square meters in its portfolio of sheds, and the possibility of erecting an additional 1.2 million square meters, Prologis seeks areas for further developments of at least 1 million square meters in the next five years. Read more
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LatAm Infra Leadership Forum
Hosted by CG/LA | July 24 - 26, 2018 | Miami, Florida
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FINNOSUMMIT Mexico City
Hosted by Finnovista | September 12 - 13, 2018 | Mexico City, MX
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FINNOSUMMIT Miami
Hosted by Finnovista | October 4 - 5, 2018 | Miami, Florida
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GIIN Investor Forum
Hosted by GIIN & PEI | October 30-31, 2018 | Paris, France
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Foro Argentino de Inversiones 2018
Hosted by ARCAP | November 1, 2018 | Buenos Aires, Argentina
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WeXchange
Hosted by FOMIN | November 6-7, 2018 | Lima,Peru
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FLII Central America and the Caribbean
Hosted by Alterna & New Ventures | November 7-8, 2018 | Antigua,Guatemala
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Women's Alternative Investment Summit
Hosted by Falk Marques | November 8-9, 2018 | New York,NY
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Inside Private Equity: Dealmaking in Latin America
Hosted by LAVCA & MIT | November 12-15, 2018 | Miami, Florida
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LAVCA Member & LP Reception
Hosted by LAVCA & Advent | September 24, 2018 | New York, NY
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Family Office Program & Dinner
Hosted by LAVCA | September 24, 2018 | New York, NY |
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Summit & Investor Roundtable
Hosted by LAVCA | September 24-26, 2018 | New York, NY |
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ILPA LP-Only Breakfast
Hosted by LAVCA & ILPA | September 26, 2018 | New York, NY |
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Real Estate Program
Hosted by LAVCA | September 26, 2018 | New York, NY |
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ILPA Institute Workshop
Hosted by LAVCA & ILPA | September 27, 2018 | New York, NY
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Venture Investors Annual Meeting
Hosted by LAVCA | September 27, 2018 | New York, NY |
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VC & Tech After Party
Hosted by LAVCA & Riverwood Capital | September 27, 2018 | New York, NY |
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| LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell. |
Latin American Private Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
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