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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 has confirmed ILPA Board Member Anders Strömblad of Sweden’s AP2 for an LP keynote at the 2019 LAVCA Summit & Investor Roundtable (September 23-25).
The LAVCA Summit is the premier venue for LP-GP networking and investor education on private capital in Latin America.
The 2019 program also includes a Member and LP reception hosted by Advent International (September 23) a separate program exclusive to family offices (September 23), an LP-only breakfast hosted by ILPA (September 25).
Members have priority access to register.
The LAVCA Summit & Investor Roundtable is a part of LAVCA Week, which has over 500 attendees including fund managers, institutional investors, family offices, development finance institutions, sovereign wealth funds, fund of funds, corporates, and secondaries.
Contact LAVCA with program and registration-related questions.
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Joining this year's LAVCA Venture Investors Annual Meeting (September 26) is James Shen, Managing Director of Qualcomm Ventures China, in discussion with Carlos Kokron, Managing Director of Qualcomm Ventures North America.
LAVCA Members have priority access to register.
Additional topics include:
> A VC/Tech Brazil Breakfast
> A Panel on Debt/Credit
> Breakouts on Alternate Sources of Capital; CVC; Impact; Angel/Seed/Accelerator; and Growth Capital.
Contact LAVCA with program and registration-related questions.
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In a climate hostile to global trade, it is noteworthy that the Mercosur nations of Brazil, Argentina, Uruguay, and Paraguay reached a new agreement last week with the European Union, concluding 20 years of negotiations on the accord and creating a trade bloc of 780 million people. At the same time, Mexico is working with the EU to finalize the new expanded trade agreement reached in mid-2018.
The trade deals are a bright spot in the midst of slow macro growth and complex political environments in Latin America’s major economies. They are also another positive indicator for sophisticated long-term investors who, seeking value in global private capital markets, have turned their attention to the region.
 Growth opportunities in technology-related startups and infrastructure, power and renewable energy, and consumer sectors have spurred capital commitments from a wide range of global fund managers and institutional and corporate investors over the last 18 months.
Those trends are in sync with LAVCA data on 2018 investment activity, as well as new deals closed in 1H2019. Looking across markets, strategies and investors, a set of themes emerges...
READ the full article by LAVCA President & Executive Director, Cate Ambrose.
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Private Equity News
HIG Capital Invests R$836m in Brazilian Glassware Manufacturer Nadir Figueiredo (em português)
(Brazil Journal) HIG Capital Invested R$836m for a 97.67% stake in Brazilian glassware manufacturer Nadir Figueiredo. Read more
Nexus Group Sells Stake in InRetail Peru for US$240m (en español)
(LexLatin) Peruvian private equity firm Nexus Group sold its 6.3% stake in InRetail Peru for US$240m, signifying a full exit. Read more
Brookfield Completes Acquisition of Brazil’s Ouro Verde
(Press Release) Brookfield completed the acquisition of 100% of the equity capital of Ouro Verde, a Brazilian heavy equipment and light vehicle fleet management company, including a recapitalization in which Ouro Verde received R$500m (US$131m). Read more
Casaforte to Invest R$270m into Solar Energy (em português)
(Valor Econômico) Brazilian Private Equity firm Casaforte will invest R$270m into developing 12 solar energy parks in Brazil. The firm has raised R$70m for a new fund dedicated to the 12 solar parks and hopes to raise another R$30m. The additional R$170m will be financed by Banco do Nordeste. Read more
Accel-KKR Invests in Chilean SaaS Lemontech
(Press Release) Lemontech, a Chilean SaaS software company geared towards law firms and corporate legal departments, received a majority investment from Accel-KKR. The investment amount was undisclosed. Read more
Singapore’s Temasek Seeks to Increase Allocations to Brazil (em português)
(Valor Econômico) With a portfolio of US$231b, Singapore’s sovereign wealth fund Temasek seeks to increase allocations in Brazil. Read more
Brazil Votes in Favor of a Bill to Overhaul Pension System
(The Wall Street Journal) Brazil’s Congress voted in favor of a Pension Overhaul Bill in a first-round vote. It can take 45 to 60 days for examination at the Senate to conclude its own second-round vote on the Bill. Read more
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 Venture Capital News
Trinity Ventures and OpenView Invest US$45m Series B in Pipefy
(Venture Beat) Insight Partners made a US$45m Series B investment in Pipefy, a business process optimization platform that was founded in Brazil, with participation from existing investors Openview and Trinity Ventures. Read more
DILA Capital and Jaguar Ventures Invest in Smart Lending
(Press Release) DILA Capital and Jaguar Ventures made an undisclosed investment in Smart Lending, a Mexican mortgage lending platform, with the participation of unnamed angels. Read more
Beagle Ventures Invests US$1.5m in Rankmi
(Contxto) Chilean HR tech startup Rankmi raised US$1.5m from Beagle Ventures. Read more
Grupo Prosegur Announces a €30m Global Fund to Invest in Security Technology (em português)
(Economia Ao Minuto) European security firm Grupo Prosegur announced a €30m global fund to invest in early-stage security technologies. Prosegur’s LatAm investments include Concil (Brazilian fintech). Read more
Brazilian Urban Logistics Startup Vuxx Receives US$1m Seed Investment (em português)
(E-Commerce News) Brazilian urban logistics startup Gadle rebranded to Vuxx and announced a US$1m seed investment from undisclosed investors. Read more
SP Ventures & Capital Lab Invest R$2m in Brazilian Agtech Pink Farms (em português)
(Startupi) SP Ventures and Capital Lab invested R$2m in Brazilian agtech Pink Farms, a technology-enabled indoor farm focused on the production of vegetables. Read more
EqSeed Invests R$1.2m in Brazilian Fintech Peak Invest (em português)
(DCI) EqSeed invested R$1.2m in Brazilian fintech Peak Invest, a digital credit platform that connects investors with companies that need loans through the P2P lending model. Read more
Colombian Government Launches Fund For Entrepreneurs (en español)
(Seguimiento) The Colombian government launched Fondo Emprender del Sena to provide COP$20b (~US$ 6.25m) in seed capital to Colombian entrepreneurs. Read more
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 Real Estate News
Paladin Realty Partners To List a CERPI For MXN$4b on the BMV (en español)
(El Economista) Real Estate investor Paladin Realty Partners is preparing to list a CERPI for MXN$4b on the BMV. The proceeds will be invested in housing projects, offices, hospitals, and shopping centers in Brazil, Colombia, Mexico, and Peru. Read more
Yellowstone Capital Partners Closes US$300m for Colombia Real Estate Fund II
(Press Release) Colombian private equity real estate firm Yellowstone Capital Partners has reached a hard cap of US$300m for Yellowstone Real Estate Opportunity Fund II, securing commitments from pension funds, insurance companies, endowments, and family offices, including a 5% GP commitment. Yellowstone’s previous Colombia-focused real estate fund, YCP I, closed with US$95m in commitments in 2016 and is fully invested in a diversified real estate portfolio. Read more
Ivanhoé Cambridge and Citibanamex Afore Invest US$313m in Gran Ciudad
(Press Release) Gran Ciudad closed a Real Estate Fund of US$313m with commitments from Ivanhoé Cambridge the real estate investment arm of Canadian Pension Fund CDPQ and from Citibanamex Afore, the second largest pension fund manager in Mexico. Gran Ciudad will invest in multifamily rental housing properties in urban markets within Mexico. Read more
Hemisfério Sul Investimentos Buys Icon Realty I Real Estate Investment Fund for R$620m (en español)
(Lex Latin) Brazilian real estate investment firm Hemisfério Sul Investimentos (HSI) purchased the entire portfolio of the Icon Realty I Real Estate Investment Fund administered by BTG Pactual. HSI paid R$620m for the portfolio which consists of 32 real estate properties in Brazil. Read more
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6ª Conferência Brasileira de Venture Capital - Florianópolis
Hosted by ABVCAP | August 12-13, 2019 | Florianópolis
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BlastU 2019
Hosted by BlastU | August 13-14, 2019 | São Paulo
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BayBrazil Annual Conference
Hosted by BayBrazil | August 22, 2019 | Menlo Park, CA
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LAVCA Week
Hosted by LAVCA | September 23-26, 2019 | New York, NY
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GIIN Investor Forum
Hosted by GIIN | October 2-3, 2019 | Amsterdam, Netherlands
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Peru Venture Capital Conference
Hosted by COFIDE | October 16-17, 2019 | Lima
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PERE America
Hosted by PEI | October 29-30, 2019 | New York, NY
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WeXchange
Hosted by IDB Lab | November 13-14, 2019 | Asunción, Paraguay
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FLII CA&C
Hosted by Alterna and New Ventures | November 13-14, 2019 | Antigua, Guatemala
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LAVCA | MIT Inside PE: Dealmaking in Latin America
Hosted by LAVCA & MIT | November 20-23, 2019 | Miami, FL
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| 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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