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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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LAVCA spoke with Luis Cervantes, Principal and Head of General Atlantic’s Mexico office, about the importance of family offices, both as LPs in funds and co-investors, and the private investment opportunity in Latin America.
 We have invested over US$2.8 billion across 18 Latin American companies over the last ten years, and have completed eleven exits… Latin America has been one of our most successful regions globally over the past few years.
Cervantes also discussed GA’s investment strategy in Mexico and how digitization, new regulation, and a growing number of entrepreneurs are creating a platform for fintech in the country.
We are excited about the opportunity set in the Fintech sector in Mexico. We believe the economy is digitalizing at a fast-pace, regulation is catching up, and a growing number of entrepreneurs are trying to increase penetration of financial services in Mexico through disruptive offerings.
Read the full article here.
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For the second year LAVCA will host a dedicated Latin American Real Estate program during LAVCA Week, on the afternoon of September 26 at the Metropolitan Club in New York.
Confirmed speakers are from leading firms including:
Blackstone
Equity International (READ more on what EI is doing in Latin America here)
Cerberus Capital Management
GIC Real Estate
Greystar
GTIS Partners
StepStone
TC Latin America Partners
Avenida Capital
Hasta Capital
Tishman Speyer
Jaguar Growth Partners
Macquarie Capital
Paladin Realty Partners
SURA Asset Management
REGISTER for the Real Estate program here.
LAVCA Week (September 24-27, 2018) comprises a series of programs and events for private capital investors from Latin America and around the globe, such as fund managers, institutional investors, family offices, development finance institutions, sovereign wealth funds, fund of funds, corporates, and secondaries.
In addition to the Real Estate afternoon, activities are organized around two programs: the LAVCA Summit & Investor Roundtable Private Equity Program (September 24-26) and the LAVCA Venture Investors Annual Meeting (September 27).
Contact Leah Galamba with program and registration-related questions.
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This week is the deadline for scholarship applications to INSIDE PRIVATE EQUITY: Dealmaking in Latin America.
WHO IS ELIGIBLE: Students currently enrolled in an MBA program are welcome to apply. Priority will be given to students that can demonstrate relevant work experience and/or internships in the private equity sector.
HOW TO APPLY: To be considered for the scholarship, students must complete the dedicated scholarship application form, including:
- Current GPA and proof of matriculation
- Personal statement
- Resume
- Two references (one professional and one academic)
SELECTION PROCESS: LAVCA will select winners based on a variety of criteria, including academic performance, professional experience, and a personal statement.
Scholarship winners receive full tuition, room and board, and a certificate of completion (US$12,800 value). Airfare and transportation is not included.
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Private Equity News
Vinci Partners Acquires Controlling Stake in Brazilian Diagnostics Provider Cura (em português)
(Valor Econômico) Vinci Partners has acquired a 70% stake in Brazilian diagnostics provider Cura. This is the second deal from Vinci Partners’ Fund III. Read more
EMX Capital Fully Exits Cargo Transportation Company El Bisonte
(Press Release) Mexican private equity firm EMX Capital has reached an agreement to sell its entire holding in portfolio company Autotransportes El Bisonte to publicly traded Grupo Traxion. Read more
Australis Partners Invests in Colombian Retailer Reve Group
(Press Release) Australis Partners agreed to invest an undisclosed amount in the Reve Group, a Colombian retailer in the discount grocery sector and consumer food service business which operates under its flagship banners “Justo y Bueno” and “Tostao." Read more
CADE Approves Pátria Infra FIP's Investment in Brazil's Marlim Azul Energia (em português)
(Reuters) CADE approved Pátria Infra FIP's (managed by Pátria Infraestrutura and Shell Brasil) purchase of a stake in Marlim Azul Energia, the thermoelectric plant in Rio de Janeiro. Read more
Brookfield Business Partners Acquires 55% of Brazilian Fleet Management Company Ouro Verde
(Press Release) Brookfield Business Partners agreed to acquire a 55% controlling stake in Ouro Verde, a Brazilian heavy equipment and light vehicle fleet management company for approximately US$170m. Read more
Arroyo Energy Investors Buys Pattern Energy Group's Chilean Operations
(Press Release) Arroyo Energy Investors invested US$70.5m in the Chilean operations of Pattern Energy Group, which consists of its 81 MW owned interest in the 115 MW Arrayán Wind project. Read more
Macquarie Acquires Solar Energy Portfolio in Mexico (en español)
(Expansión) Macquarie Infrastructure and Real Assets (MIRA) agreed to acquire 90% of a 322 MW solar power generation portfolio in northern Mexico. The remaining 10% of the portfolio will be owned by Eosol Invest Mexico Uno, SL (EOSOL), developer and operator of renewable energy with significant experience in the solar sector in Mexico. Read more
Liberty Mutual Acquires Brazilian Timber Assets from Harvard’s Endowment (en español)
(Lex Latin) Liberty Mutual Insurance, through its subsidiary Santa Marta Floresta Brasil, has agreed to acquire 18,793 hectares of teak forests in the municipality of Santa Maria das Barreiras, Pará, Brazil, from Sustainable Teak Participações, a subsidiary of Harvard Management Company. Read more
Clara Capital Acquires Argentina’s Barrier Solution (en español)
(Aperta) Clara Capital has acquired Argentinean company Barrier Solution, an aluminium supplier for pharmaceutical laboratories, for an undisclosed amount. This is the firm's second acquisition in the pharmaceutical supply sector, having bought Ladislao Berkes last year. Read more
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 Venture Capital News
Colombia's Rappi Reaches Unicorn Status with US$200m Investment Round Led by DST Global
(TechCrunch) Rappi reached unicorn status with a US$200m+ investment led by DST Global, with participation from existing investors including Sequoia Capital and Andreessen Horowitz. Read more
Blackstone and Hudson Structured Capital Management Lead US$60m Investment in CargoX
(Axios) The Blackstone Group and Hudson Structured Capital Management led a US$60m investment in Brazilian trucking platform CargoX. Read more
BlueYard Capital Leads US$7m Series A in Financial Services Startup AirTM
(Press Release) BlueYard Capital led a US$7m Series A investment round in financial services AirTM, a platform that provides financial services to consumers and businesses throughout Latin America. Read more
Mercado Libre's MELI Fund & Others Make US$3m Investment in Fintech Increase (en español)
(Press Release) Mercado Libre’s MELI Fund, and Agrega Partners made a US$3m investment in Argentine fintech Increase, with participation of existing investors including Arfintech and Lucens Capital. Read more
FJ Labs, Lumia, Rise & Others Make R$17m Investment in Brazilian Used Car Marketplace InstaCarro (em português)
(Baguete) FJ Labs, Lumia, Hummingbird, and Rise Capital made a R$17m investment in Brazilian used car marketplace InstaCarro. With this new funding round, InstaCarro has raised over R$100 million. Read more
Prosegur Tech Ventures Leads R$15m Investment Round in Brazilian Fintech Concil
(Press Release) Prosegur Tech Ventures, the CVC of European security firm Grupo Prosegur, led a R$15m investment in Concil, a Brazilian fintech focused on sales management, with participation from DGF Investimentos and SP Ventures, who invested previously. Read more
Inseed Investimentos’ Criatec 3 Invests in Brazilian IT Security Platform BluePex (em português)
(Fusões & Aquisições) BNDES’ Criatec 3, managed by Inseed Investimentos, made a R$6m investment in Bluepex, a Brazilian cybersecurity solution. Read more
Carao Ventures Leads US$800k Investment in AI platform Singularities
(Press Release) Carao Ventures led a US$800k seed investment in Singularities, an enterprise AI platform for customer behavior insights. Singularities is based in California with main operations in Costa Rica. Read more
Dux Capital Invests MX$600k in Airline Ticket Reselling Marketplace Refly (en español)
(Expansión) Dux Capital invested MX$600k in Refly, a platform for reselling airline tickets. Read more
Criatec 2 Invests in Auvo and Spume (em português)
(Press Release) Criatec 2 made undisclosed investments in Spume, a big data deep learning startup, and Auvo, a field management software platform. Read more
Puerto Asís Makes Undisclosed Investment in Argentina's uSound (en español)
(Lex Latin) Puerto Asís made an undisclosed investment in Argentina's uSound, a manufacturer of solutions to improve hearing for people with limited resources. Read more
Engie Factory Makes Undisclosed Investment in Logistics Startup 99Minutos
(Forbes) Engie Factory made an undisclosed investment in 99Minutos, a last-mile logistics startup in Mexico that is backed by 500 Startups. Read more
Harvard Angels, Insper Angels and Anjos Do Brasil Make an Undisclosed Investment in Incentiv (en español)
(Lex Latin) Harvard Angels, Insper Angels, and Anjos Do Brasil made an undisclosed investment in Incentiv, a Brazilian crowdfunding platform for impact-driven projects. Read more
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 Real Estate News
Thor Urbana Acquires Mexican Shopping Center Marina Town Center (en español)
(Emol) Thor Urbana acquired the Marina Town Center mall, within the Puerto Cancun mixed-use mega-project, in Cancún, Quintana Roo. Read more
Chile Will Introduce Tax Reforms to Stimulate Real Estate Market (en español)
(Emol) The Chilean government announced it will extend the limit of property values in which a special VAT credit can be used to buy houses from 2,000 UF (US$85,543) to 4,000 UF (US$171,086). Read more
SGGC Participações Acquires SerraSul Shopping of Pouso Alegre for Undisclosed Amount (em português)
(Fusões & Aquisições) SGGC Participações acquired 100% of SerraSul Shopping of Pouso Alegre for an undisclosed amount. The project was inaugurated in 2013 and belonged to Hemisfério Sul Investimentos (HSI). Read more
Inmobilia Will Develop 12 Projects in Mexico via BMV Capital (en español)
(El Economista) Inmobilia, which recently listed a MXN6b CDK vehicle on the Mexican Stock Exchange, plans to develop between 10 to 12 residential, commercial, and mixed-use projects in the Yucatan peninsula and in the state of Quintana Roo. Read more
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FINNOSUMMIT Mexico City
Hosted by Finnovista | September 12 - 13, 2018 | Mexico City, MX
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Women Funding Women
Hosted by Dell & Springboard Enterprises | September 13; 18 | Mexico City; São Paulo
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Mobile World Congress Americas
Hosted by GSMA | September 12-14, 2018 | Los Angeles, California
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FINNOSUMMIT Miami
Hosted by Finnovista | October 4 - 5, 2018 | Miami, Florida
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LATAM Investment Summit
Hosted by i11 and Group SG | October 19, 2018 | Miami, Florida
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Sustainable Investing Emerging Markets Summit
Hosted by EMPEA | October 23, 2018 | London, UK
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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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PERE America
Hosted by PERE | November 7-8, 2018 | New York, NY
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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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5th International Investment Forum Chile 2019
Hosted by InvestChile | January 15-17, 2019 | Santiago, Chile
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PERE Investor Forum: Los Angeles
Hosted by PERE | April 17-18, 2019 | Los Angeles, CA
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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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