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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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Earlier this month, investors and business executives participated in the LAVCA | Wharton Latin American Private Equity Executive Program in Miami.
Vice Presidents, Principals, and Directors from private equity firms, family office and institutional investors, and business professionals from North America, Europe, and Latin America participated in sessions facilitated by 11 leading private capital investors. Content included original cases on private equity and family office investment transactions and deep dives into deal successes and failures.
Congratulations to those individuals that received accreditation, including from The Abraaj Group, Ambar Capital, Amergent Capital, Banco Santander, DEG, Altra Investments, Export Development Canada, EY, Fondo de Fondos, GeneSeas, Grupo IDC, Grupo Phoenix, Grupo Proeza, IFC, MGM Innova, OPIC, Stiler, and others.
Pre-apply for the 2018 program here.
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LAVCA spoke with Benoit Verbrugghe, Member of the Executive Committee for Ardian about their regional strategy for Latin America, including the opportunity in infrastructure and renewable energy and staffing and opening an office in the region in the near-term.
 …we believe there is a fantastic opportunity to develop and build infrastructure assets in Latin America, which will contribute to the economic growth of the region.
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Komal Dadlani founded Lab4U in Chile in 2013 to disrupt the way science is taught in classrooms across Latin America and the world.
In this interview, Komal Dadlani talks about the US$37.8b edtech market and how she benefited from both local government funding in Chile (from Startup Chile and CORFO) and how winning WeXchange in 2016 helped better connect her with the investment community in the region and the Bay Area.
…It’s like having an emotional safety net that supports founders in that roller-coaster ride called entrepreneurship. The networks that VC funds have open many doors.
Dadlani is speaking at next week’s WeXchange, hosted by FOMIN on Dec. 4-5 in Santiago, Chile. WeXchange is a forum that connects high growth women entrepreneurs in LatAm with investors and mentors. The 2017 edition focuses on Women Entrepreneurs Transforming the World with Technology. Access the program agenda.
Registration is free for qualified individuals. Fill out the this form to see if you qualify to attend.
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Female investors in early-stage tech are underrepresented in Latin America as they are globally. And only 10% of global VC dollars have gone to startups with at least one female founder since 2012.
In an effort to raise the visibility of female investors in early-stage technology in Latin America, LAVCA has published an updated list of the Top Women Investing in Latin American Tech. The second edition features eight new investors and other updates, showcasing a growing list of influencers shaping the tech ecosystem in the region.
Criteria:
The list includes 43 senior-level female investment professionals who are deploying capital in early-stage tech deals or committing capital to VC funds, as well as female angels investing over US$50k across multiple deals. All investors were nominated by their peers and vetted for inclusion by LAVCA, and have been active in the last five years.
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Private Equity News
Kandeo Invests in Mexico’s Exitus Capital (en español)
(AMEXCAP) Kandeo made an undisclosed investment in Exitus Capital, a Mexican company that provides financing solutions to micro, small, and medium enterprises. Read more
I Squared Capital to buy IC Power’s Latin American and Caribbean Businesses
(Press Release) Inkia Energy Limited has agreed to sell IC Power’s businesses in Latin America & the Caribbean to I Squared Capital for a cash consideration of US$1.17b. Read more
Fondo Capital Infraestructura Invests in Hospital García (en español)
(AMEXCAP) Mexican infrastructure investor Fondo Capital Infraestructura made an undisclosed investment in infrastructure project Hospital García. Read more
IG4 Capital Investimentos Targets US$400m for Distressed PE Fund
(Reuters) IG4 Capital Investimentos is raising a new US$400m fund for private equity investments in distressed Brazilian companies. Read more
Partners Group Acquires Hortifruti (em português)
(Valor Econômico) Nearly two years after purchasing a 40% stake in the company, Partners Group has acquired 100% of Brazilian food retailer Hortifruti for an undisclosed amount. Read more
IIC and Mezzanine Mexico Sign MXN$420m Revolving Loan
(Press Release) Grupo IDB’s Inter-American Investment Corporation has signed a revolving MXN$420m loan agreement with Mezzanine Mexico Uno to increase financial access and mezzanine loans to SMEs with high growth potential in Mexico. Read more
Brookfield Invests R$1.4b in Renova Energia (em português)
(Valor Econômico) Brookfield has made a R$1.4b investment in Angra Partners portfolio company Renova Energia, a renewable energy business based in Brazil. Read more
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Venture Capital News
International & LatAm Investors Make US$15m Investment in Trocafone
(TechCrunch) Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, and Mercado Libre Fund made a US$15m investment in Trocafone, a Brazil-based online marketplace for used electronics. Read more
Mountain Nazca's Groupon LatAm Acquires Peixe Urbano (en español)
(GESTIÓN) Mountain Nazca’s portfolio company Groupon LatAm has announced the acquisition of Brazilian e-commerce platform Peixe Urbano. Read more
Devlabs Ventures Launches Chile Outlier Seed Fund I (en español)
(MediaBanco) DevLabs Ventures has launched the Chile Outlier Seed Fund I with a target of US$8m. Devlabs has received a commitment from CORFO and will invest in companies focused on B2B software. Read more
Dila Capital and Mountain Nazca Lead MXN$18m Investment in Creze
(Press Release) Dila Capital and Mountain Nazca led a MXN$18m in Creze, a Mexican financial service company for SMEs. The company also closed a round of financing for MXN$50m led by Credito Real and Fourthgreen. Read more
Dila Capital Invests US$1.1m in Kinedu
(Press Release) Dila Capital, Promotora Social Mexico, and Social+Capital made a US$1.1m investment in Kinedu, a Mexican tech and content platform for early childhood development, with participation from previous investors Stella Maris, The Stanford-StartX Fund, and Advenio. Previous investors include NXTP Labs and 500 Startups. Read more
Viva Real Merges with Globo-owned ZAP (em português)
(Baguete) Brazil's Viva Real merged with Globo-owned Zap. VivaReal CEO Lucas Vargas will serve as the CEO of the new entity, Grupo ZAP Viva Real, which also includes Geoimovel, Suahouse, Sub100 and DataZAP. Read more
WOW Aceleradora to Invest and Mentor Seven Startups (em português)
(Fusões & Aquisições) Brazilian accelerator WOW has finalized its eighth selection round and has chosen seven startups that will receive investments of up to R$150k as well as mentoring. Read more
Existing Investors Make R$40m Investment in Instacarro (em português)
(Startse) Existing investors, including FJ Labs and Lumia Capital, made a R$40m investment in Brazilian startup Instacarro to expand the company’s expansion to other markets as well as improvements in technology. Read more
Capria Network to Invest in Chile-focused Latin American Fund Manager
(Press Release) Impact investing firm Capria announces investments in an unnamed fund manager in Latin America who is creating a US$21m fund focused on Chile. Read more
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Real Estate News
VBI Real Estate Launches Shed Business VBILog (em português)
(Valor Econômico) Real Estate fund manager VBI Real Estate has launched VBILog, a “build to suit” shed business with long-term lease contracts based in Brazil. Read more
Brazil Hospitality Group Launches Partnership with AccorHotels
(Press Release) Brazil Hospitality Group (BHG) announced a partnership with AccorHotels, which will manage 17 of BHG’s owned hotels. AccorHotels also acquired hotel management company LEBSPE Ltda from BHG for an undisclosed amount. Read more
Hines to Break Ground on Mexico City Logistics Center
(Commercial Property Executive) Global real estate investment, development and management firm Hines is set to begin the construction of El Convento CityPark in Mexico City, a logistics park development center that will include more than 1.7 million square feet of Class AAA logistics and distribution space in eight buildings. Read more
Blackstone Sells Green Office building in São Paulo (en español)
(LexLatin) JS Real Estate Multigestão FII paid R$253.8m to acquire 100% of Blackstone’s BRE Ponte II Empreendimentos e Participações S.A., a special purpose vehicle that owned a 64.3% stake in WTorre Nações Unidas Torre III, a green office building in São Paulo. Read more
LarrianVial and Colliers Partner to Launch New Real Estate Fund (en español)
(Economía y Negocios) LarrainVial and Colliers are readying to raise up to US$160m in commitments for its third Peru-focused real estate fund. Read more
VBI Real Estate Agrees to Invest R$150m in ULiving (em português)
(Fusões & Aquisições) VBI Real Estate has agreed to invest R$150m in ULiving, a student residence company in São Paulo and Minas Gerais. Read more
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Foro Argentino de Inversiones
Hosted by Ministerio de Producción de la Nación and ARCAP |
November 29, 2017 |
Buenos Aires, Argentina
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WeXchange 2017
Hosted by IDB & FOMIN |
December 4-5, 2017 |
Santiago, Chile
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PreMoney SF 2017 (5th Annual Investor Conference)
Hosted by 500 Startups |
December 5, 2017 |
San Francisco, CA
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VC in São Paulo
Hosted by LAVCA |
December 5, 2017 |
São Paulo, Brazil
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Seminar on Impact Investing
Hosted by Brazilian-American Chamber of Commerce |
December 12, 2017 |
New York, NY
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Wayra Boot Camp 2017
Hosted by Wayra & Telefonica Open Future_ |
December 12-13, 2017 |
Wayra Costa Rica, Costa Rica
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| 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
Contact Us
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