Latin American Private Capital Update - June 23, 2020 Latin American Private Capital Update June 23, 2020
June 23, 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

Patria & Leblon Acquire 18% Stake in Brazil’s Alper...

Venture Capital News
Venture Capital News

KaszeK & Kevin Efrusy Lead US$20m Round in Remessa...

Real Asset News
Real Assets News

Riverstone Raises MXN$662m for Energy in Mexico...

 
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Family-Controlled Business:  A Model for Long-Term Investing

 
Family
 
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LAVCA Board member Rodolfo Spielmann, Managing Director and Head of Latin America at Canada Pension Plan Investment Board (CPPIB), recently shared insights about partnerships with family-controlled businesses as a model for successful long-term investing.

According to CPPIB's analysis, 43% of the largest companies in Latin America are either controlled by a family or a group linked to the founders, indicating that strong governance, stable shareholders, and long-term value creation strategies associated with family-controlled businesses correlate with companies that outperform their indices.

READ the full article.

 
 

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.

 
 

LatAm Tech Growth Coalition: C19 RELIEF EFFORTS

 
Tech Growth Coalition 2020
 
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Since the COVID19 pandemic began, LAVCA's Tech Growth Coalition members have stepped up with relief efforts in Latin America and globally, through a combination of capital-infused initiatives (including grants and donations), strategic partnerships, and lending tech infrastructure support.

Several Tech Growth Coalition members are also supporting CONECTADOS, a solidarity initiative in the LatAm tech community that connects companies and their employees with enabling organizations to support the Red Cross and healthcare workers.

Read about direct response efforts in-region  from AWS, Facebook, Globant, Google, KIO Networks, Mercado Libre, Movile, Microsoft, Qualcomm Ventures, Riverwood Capital, SoftBank, SVB, and Visa here.

 
 

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, including 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).
 

 
 

Latest Industry News

 
Private Equity News
Private Equity News

Patria and Leblon Equity Acquire 18% Stake in Brazil’s Alper (em português)

(Brazil Journal) Patria Investimentos and Leblon Equities have acquired an 18% stake in Brazil-based insurance company Alper (formerly known as BR Insurance) from businessman Marcelo Lima. Read more


IG4 Acquires Brazilian Infrastructure and Logistics Projects Operator CLI

(Press Release) IG4 Capital has acquired CLI, CGG Trading’s infrastructure and logistics projects operator and majority shareholder in Brazil-based grain terminal Tegram. Read more


L Catterton Invests in Brazilian Marketplace PetLove

(Press Release) L Catterton made an undisclosed investment in PetLove, a Brazilian marketplace for pet goods. SoftBank invested US$48m earlier this year. Read more


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


Venture Capital News Venture Capital News

KaszeK Ventures and Kevin Efrusy Lead a US$20m Round in Remessa Online

(Press Release) KaszeK Ventures and Kevin Efrusy led a US$20m round in Brazil-based international money transfer platform Remessa Online. Read more


DEG Leads a US$12m Series B in Brazilian Fintech BizCapital

(Press Release) German bank KfW Group’s subsidiary DEG led a US$12m Series B in BizCapital, a Brazilian lending fintech providing credit for small businesses, with participation from MELI Fund, 42k investments, and follow-on from Quona Capital, monashees, and Chromo Invest. Read more


KaszeK Ventures Leads a US$10m Series A in Colombian Proptech La Haus

(Press Release) KaszeK Ventures led a US$10m Series A in La Haus, a Colombian proptech for purchasing residential real estate. Read more


monashees, KaszeK Ventures, and ONEVC Invest US$4.6m in Pipo (em Português)

(Brazil Journal) monashees, KaszeK Ventures, and ONEVC invested US$4.6m in Pipo, a Brazilian employee health plan management platform, with participation from Nubank’s CEO David Velez. Read more


KPTL Acquires Minority Stake in Gestão Agropecuária (em português)

(Startupi) KPTL acquired a minority stake in Gestão Agropecuária, a Brazilian livestock management platform, for an undisclosed amount. Read more


Sofinnova Partners Leads a US$5.6m Series A in Chilean Biotech Protera

(Contxto) Sofinnova Partners led a US$5.6m Series A in Protera, a Chilean biotech startup developing a protein to naturally extend food shelf-life, with participation from SOSV. Read more


Canary Leads a R$5m Round in Brazilian Proptech Hent (em português)

(Exame) Hent, a Brazilian property rental management platform, raised R$5m from Canary. Read more


Canary Leads a R$3m Round in Brazilian Rental Platform Boomerang (em português)

(Fusões & Aquisições) Canary led a R$3m round in Boomerang, a Brazilian consumer goods rental platform, with participation from 99 and Yellow founder Ariel Lambrecht. Read more


Real Asset News Real Asset News

Riverstone Raises MXN$662m via CKD for Energy Investments in Mexico

(Latin Finance) Riverstone raised MXN$662m on the Mexican Stock Exchange (BMV) for energy investments in Mexico. The CKD was launched in 2017 for MXN$8b. Read more


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


 
 
LAVCA & Industry Events
MORE INFORMATION
LAVCA CEO Interview with Principal Financial Group Mexico  
Hosted by CFA Society New York | July 13, 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.
 

The Association for Private Capital
Investment in Latin America
589 8th Avenue, 18th Floor
New York, NY 10018

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