Latin American Private Capital Update October 17, 2017
October 17, 2017
NEWS ↓     EVENTS ↓     LAVCA ↗     VC ↗    
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

The Abraaj Group Invests in Colombia's QBCo...

Venture Capital News
Venture Capital News

IFC Leads US$10m Series B in Mexico’s Konfío...

Real Estate News
Real Estate News

H.I.G. Makes Real Estate Acquisition in Brazil...



Apply Now LAVCA Wharton Education

LAVCA is delighted to announce the finalists of the 2017 MBA scholarship competition for the LAVCA/Wharton Latin American PE Executive Program:

  • Andres Cuevas, Harvard Business School
  • Carla Benavides, The Wharton School & the Lauder Institute, University of Pennsylvania 
  • Bernardo Graf, The University of Chicago Booth School of Business 

The scholarships are made possible with the generosity of LAVCA's Chairman Carlos Garcia, and the Partners of Victoria Capital Partners.

Thank you to all those that applied.

The deadline for investors and PE industry professionals to apply for the Latin American Private Equity Executive Program, taking place in Miami, FL on November 13-16, 2017, is approaching. Applications must be submitted by October 31, 2017 at 11:59pm.

The program features sessions led by practitioner faculty, including:

  • Fernando Borges, Managing Director, The Carlyle Group
  • Manuel García Podestá, Director, Advent International 
  • Martín E. Díaz Plata, Managing Partner, Capital Group Private Markets
  • Cesar Pérez Barnés, Partner, Southern Cross Group
  • Jesús Argüelles, Portfolio Manager, OTPP
  • Flavia Almeida, Managing Director & Partner, Península Participações
  • Francisco Alvarez-Demalde, Founder & Managing Partner, Riverwood Capital
  • Enrique Bascur, Partner, Australis Partners
  • Tim Cohan, Partner, Stanwich Advisors
  • Victor Serra, Founder & CEO, MVM Value Creation Advisory

or visit the website for more information.


VC IN São Paulo: Save the Date

VC in São Paulo

LAVCA, in partnership with Omidyar Network, Telefónica Open Future_, and Silicon Valley Bank, is hosting VC in São Paulo at Wayra, on December 5, 2017.

This bi-annual, invitation-only program for early-stage fund managers combines a conversational format and experience-based discussions for an interactive curriculum from local and international markets.

Contact Claudia Rosenbloom or Leah Galamba for more information about VC in São Paulo or to see if you qualify to attend.


CALL FOR NOMINATION: Women Investing in LatAm VC

Women Investing In Latin American VC: Decision Makers

LAVCA is seeking nominations for the 2017 edition of Women Investing in Latin American VC.

Investors include senior level female investment professionals committing capital to a VC fund, or deploying capital from a VC fund, and female angel investor committing over US$50k to LatAm startups, or investing in multiple significant deals. Investors must be active in the last five years.

Know someone who qualifies? NOMINATE a woman investor active in Latin America.

Interested in the role of women in LatAm's early stage universe? Join FOMIN for the Annual WeXchange, a forum that connects high growth women entrepreneurs in LatAm with investors and mentors. WeXchange 2017 is taking place on Dec. 4-5 in Santiago, Chile.


DOWNLOAD 2017 LAVCA/Cambridge LP Opinion Survey


The 2017 LAVCA/Cambridge Limited Partners Opinion Survey on Latin American Private Equity is now available for download in English, Spanish, and Portuguese.

Findings were presented during LAVCA Week 2017 by Anouk van der Boor, Managing Director & Private Investments Portfolio Manager for Cambridge Associates, and Ksenija Jovanovic, Director at Zurich Alternative Asset Management, in New York on September 27th.

Highlighted findings include:

  • Interest in growth capital overtakes buyouts as most popular strategy for Latin American PE
  • Entry valuations no longer seen as a deterrent for prospective LPs
  • Most LPs see the risk/return equation for Latin American PE improving; Argentina sentiment on the rise

quotation-mark…Despite a slow down in economic growth in some markets, the survey shows that LPs are still most excited about investing in sectors offering exposure to companies that are directly addressing the region’s growing middle class. Retail and consumer remains the most attractive sector for LPs, while education, healthcare, and financial services are close behind.

– Inigo Garcia Gordobil, Investment Director, Private Equity at Cambridge Associate


Latest Industry News

Private Equity News
Private Equity News

The Abraaj Group Invests in Colombian Food Manufacturer QBCo

(Press Release) The Abraaj Group made its fourth investment in Colombia with the acquisition of a majority stake in Colombian private label food manufacturing company QBCo. Read more

Grupo de Narváez and L Catterton Acquire Argentina’s Caro Cuore (en español)

(El Cronista) Grupo de Narváez and L Catterton acquired Caro Cuore, an Argentine lingerie brand, for an undisclosed amount. Read more

Bozano Investimentos Buys Stake in Brazil’s Oba Hortifruti (em português)

(ISTOÉ Dinheiro) Bozano Investimentos has acquired a stake in Brazilian health food retailer Oba Hortifruti for an undisclosed amount. Read more

LIV Capital Makes Follow-on Invetsment in Mexican Logistics Company

(Grupo BMV) LIV Capital has made an undisclosed follow-on investment in Mexican logistics company Logyt. Read more

BTG Pactual Exits Intensa (em português)

(Valor Econômico) BTG Pactual has sold its 51% stake in Brazilian energy company Integração Transmissora de Energia (Intensa) to Equatorial Energia for R$273m. Read more

IFM Acquires OHL Concesiones for €2.775b (en español)

(El Economista) Spanish construction company OHL has announced an agreement to sell its subsidiary OHL Concesiones to Australia-based global investment manager IFM Investors for €2.775b. OHL Concesiones’ assets in Latin America include toll roads in Mexico, Colombia, Peru, and Chile, and the operations of the Toluca International Airport in Mexico. Read more

CDPQ and CKD IM Acquire Enel Green Power’s Solar and Wind Assets in Mexico

(Press Release) Caisse de dépôt et placement du Québec (CDPQ) and CKD Infraestructura México (CKD IM) have acquired 80% of Enel Green Power’s wind and solar assets in Mexico for US$1.35b. Read more

Siguler Guff & Company and 2bCapital Acquire Minority Stake in Ourolac Indústria de Alimentos

(Global Legal Chronicle) Siguler Guff & Company, in a co-investment with 2bCapital, acquired a minority stake in Brazilian dairy company Ourolac Indústria de Alimentos. Read more

WRB Serra Partners Closed Debut Fund at US$46m

(Press Release) Florida-based WRB Serra Partners has raised US$46m for its debut fund to invest in renewable energy, energy efficiency, and water infrastructure in Latin America and the Caribbean. Read more

DMI Group to Invest R$200m in Vapor Energia (em português)

(Press Release) Brazilian PE firm Diamond Mountain Investimentos Group will invest R$200m in renewable energy company Vapor Energia over the next five years. Read more

FCICK Infrastructure Fund Invests in TRS Recycling (en español)

(AMEXCAP) Fondo Capital Infraestructura (FCICK) made an undisclosed investment in Mexican electronic waste company TRS Recycling. Read more

PKA Invests €34m in Latin America, Africa & Asia Micro-Loans

(Press Release) Danish pension fund manager PKA has committed €34M to Maj Invest’s Financial Inclusion Fund II, which will invest in financial institutions providing micro-loans to underserved communities in Latin America, Africa, and Asia. Read more

Venture Capital News Venture Capital News

IFC Leads US$10m Series B in Mexico’s Konfío

(Press Release) The International Finance Corporation (IFC) led a US$10m Series B investment in Mexican online lending platform Konfío. Existing investors QED Investors, KaszeK Ventures, Jaguar Ventures, Accion Frontier Inclusion Fund (managed by Quona Capital), and Acción Venture Lab followed on in the round. Read more

InQlab and IKON Banca de Inversión Invest US$1.2m in Colombia’s Mesfix (en español)

(Pulso Social) InQlab and IKON Banca de Inversión made a US$1.2m investment in Mesfix, a Colombian crowdfunding platform. Read more

Acción Venture Lab Makes Seed Investment in Colombia’s ESCALA

(Press Release) Acción Venture Lab, Mountain Nazca Colombia, Invictum Capital, and several Colombian angel investors made an undisclosed seed investment in ESCALA Education, a Colombian social venture to help students save for higher education, and ultimately reduce income inequality. Read more

Santander InnoVentures Leads US$6m Investment in Mexico’s ePesos (en español)

(Melenio) Santander InnoVentures led a US$6m investment in Mexico’s ePesos, a mobile payment service for SMEs. Read more

Scotiabank Partners and NXTP Labs Form Strategic Partnership to Accelerate Latin American Startups

(Press Release) Scotiabank Partners and NXTP Labs have announced a partnership to accelerate fintech startups from Mexico, Colombia, Chile, and Peru. Read more

GVAngels Invests in Brazilian Logistics Startup Estoks (em português)

(Baguete) GVAngels, an angel network of Fundação Getúlio Vargas alumni, made an undisclosed investment in Estoks, a Brazilian retail logistics startup. Read more

George Soros, Point72 Ventures & Bessemer Invest in Argentinian Virtual Bank (en español)

(Clarín Economía) Billionaire George Soros has returned to Argentina with an undisclosed investment in Argentina’s mobile bank Ualá. Participants in the round include US firms Point72 Ventures and Bessemer Venture Partners. Read more

Capria Announces 5th Investment Cycle

(Press Release) Capria announced the launch of its 5th investment cycle and is seeking investment managers based and investing in emerging markets that can deliver superior financial returns with scalable impact. Applications are reviewed on a rolling basis. Read more

Real Estate News Real Estate News

H.I.G. Makes Real Estate Acquisition in Brazil (em português)

(Press Release) H.I.G. capital made its first real estate investment in Brazil with the acquisition of Urbanity Corporate, a luxury building located in São Paulo, Brazil, for an undisclosed amount. Read more

Hines Sells Industrial and Logistics Portfolio in Mexico to Grupo IGS

(Press Release) International real estate firm Hines has announced the sale of industrial and logistics properties located in Mexico to Grupo IGS for an undisclosed amount. Read more

Ivanhoé Cambridge Hires LatAm Executives

(Press Release) Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec (CDPQ), announced the appointment of Adriano Mantesso as Senior Vice President, Brazil, Growth Markets and Jorge Margain as Vice President, Mexico, Growth Markets. Read more

Jalisco Real Estate Developer to Launch MXN$4b CKD (en español)

(Expansión) Jalisco-based real estate developer Tierra y Armonía is preparing to launch a MXN$4b CKD vehicle on the Bolsa Mexicana de Valores (BMV) to drive the firm’s strategy outside of Jalisco. Read more

LAVCA & Industry Events
Add to Calendar
Hosted by blastu | October 17-18, 2017 | São Paulo, Brazil
Add to Calendar
Hosted by AMEXCAP | October 19, 2017 | San Francisco, CA
Add to Calendar
ACAFI International Meeting on Science and Technology Investing
Hosted by ACAFI | October 24, 2017 | Santiago, Chile
Add to Calendar
500 Demo Day Batch 22
Hosted by 500 Startups | October 25, 2017 | San Francisco, CA
Add to Calendar
9th Annual Women’s Alternative Investment Summit
Hosted by Falk Marques Group | November 2-3, 2017 | New York, NY
Add to Calendar
Expo Negocios Inmobiliarios 2017
Hosted by Inmobiliare | November 8-9, 2017 | Mexico City
Add to Calendar
FLII Central America and the Caribbean
Hosted by Alterna (a New Ventures initiative) | November 8-9, 2017 | Antigua, Guatemala
Add to Calendar
PERE America
Hosted by PERE | November 8-9, 2017 | New York, NY
Add to Calendar
LAVCA Wharton Latin American Private Equity Executive ProgramLAVCA-Icon
Hosted by LAVCA | November 13-16, 2017 | Miami, FL
Add to Calendar
Smart Capital Conference
Hosted by Ruta N | November 14-15, 2017 | Medellín, Colombia
Add to Calendar
WeXchange 2017
Hosted by IDB & FOMIN | December 4-5, 2017 | Santiago, Chile
Add to Calendar
PreMoney SF 2017 (5th Annual Investor Conference)
Hosted by 500 Startups | December 5, 2017 | San Francisco, CA
Add to Calendar
VC in São PauloLAVCA-Icon
Hosted by LAVCA | December 5, 2017 | São Paulo, Brazil
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
RSS Feed  Twitter  Vimeo
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cvent - Web-based Software Solutions