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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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BRAZILIAN VC INVESTORS gather for VC IN SÃO PAULO
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Brazilian VCs gathered at Google in São Paulo today for the bi-annual, invitation-only VC in São Paulo investor meeting.
With support from Telefonica Open Future_, the Omidyar Network, and Silicon Valley Bank, highlighted sessions included:
- Q&A with Evan Meyer, Glade Brook Capital Partners (investments include Uber, Airbnb, Tencent, Baidu, Alibaba, and Xiaomi)
- Why is Advent Investing in Tech? (a discussion with Brenno Raiko, Director of Advent)
- Building Bridges: What Can Brazil Learn From China's Tech Giants?(a discussion led by monashees+ and SVB)
- Undercapitalized Sectors: The Agtech Opportunity - Who is Investing & Why? (a conversation with Aqua Capital, SP Ventures, and Qualcomm Ventures)
- Latin American VC: Insights from LAVCA’s 2017 Venture Data
LAVCA Members are gathering tonight for a special venture capital, private equity investor networking dinner.
Contact Claudia Rosenbloom or Leah Galamba for more information about VC in São Paulo or to get involved in the next program.
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Deal activity in Latin America has been robust over the last 18 months as PE/VC firms deploy the US$17.6b raised for the region in 2014-2015. Over US$8.3b was invested in 2016, and early deal totals for 2017 are on par with last year.
In addition to investors managing Latin American dedicated funds, global firms are stepping up activity.
Entry multiples are low compared to the US; exchange rates are attractive for those with dollars to invest; and while domestic politics will continue to pose challenges in Brazil, Mexico, and Argentina throughout 2017, uncertainty seems to be giving way to cautious optimism for mid- to long-term stability.
So what trends are driving deals in Latin America today? READ LAVCA President Cate Ambrose's Executive Briefing.
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LAVCA Members and LPs active or interested in Mexico are invited to attend AMEXCAP's 5th Mexico PE Day: Private Equity, Real Estate, Infrastructure & Energy on June 8th in New York City.
Discussion topics will include Mexico's macroeconomic outlook for 2017, the maturity of the private capital industry, political climate, foreign exchange risk, regulatory environment, entry valuations, among others. It will also highlight the reactions of institutional investors to the national and international economic scenario.
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LAVCA and the Wharton School of the University of Pennsylvania are partnering for a third year on the Latin American Private Equity Executive Program, taking place in Miami, FL on November 13-16, 2017.
Prospective attendees include Vice Presidents, Principals, and Directors from PE firms, as well as professionals from family offices, and institutional investors. Relevant industry participants seeking to transition careers are also welcome to apply.
The program features sessions led by esteemed faculty from Wharton, including: Stephen M. Sammut, Senior Fellow at the Wharton School and Mauro F. Guillen, Endowed Professor at the Wharton School. Course content is driven by case studies from practitioner faculty, including Managing Directors and Partners from:
- The Carlyle Group
- L Catterton
- Capital Group Private Markets
- Linzor Capital
- Península Participações
- OTPP
Applicants will be admitted on a rolling basis. Completed applications should be submitted as early as possible to reserve your place.
APPLY NOW or visit the website for more information.
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Private Equity News
Victoria Capital Partners Acquires Stake in Delta (em português)
(Valor Econômico) Victoria Capital has acquired an 85% stake in Brazilian pharmaceutical company Delta. Read more
DC Energy Capital to Invest in Solar Energy (en español)
(El Economista) Mexican private equity firm DC Energy Capital announced plans to invest at least MXN$100m in solar energy in 2017. Read more
LGT Impact Ventures Invests in General Water
(Press Release) LGT Impact Ventures invested ~US$21m in General Water, a Brazilian on-site water and sanitation systems company. Read more
Pátria Acquires Brazilian Pharmacy Chain (em português)
(Estadão) Pátria Investimentos acquired a chain of independent pharmacies in Pernambuco, Brazil, for an undisclosed amount. Read more
Neuberger Berman Appoints New Head of Environmental, Social and Governance Investing
(Press Release) Neuberger Berman announced the appointment of Jonathan Bailey as Head of Environmental, Social and Governance (ESG) investing. Read more
Brookfield Closes US$908m Acquisition of Odebrecht Ambiental
(Press Release) Brookfield has closed their acquisition of 70% of Odebrecht Ambiental, a Brazilian core water, wastewater, and industrial water treatment company. Read more
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Venture Capital News
US Fund Acquires Wayra-Accelerated SocialTools (en español)
(La Voz) SocialTools, an Argentina-based social media management platform, has been acquired by a US fund Wired Investor for an undisclosed amount. Investors in SocialTools include Wayra, the accelerator of Telefonica Open Future_, and 500 Startups. Read more
Axon Partners Group Invests in Colombian Mattress Startup Boxi (en español)
Axon Partners Group has made an undisclosed investment in Colombian mattress e-commerce startup, Boxi. Read more
Accel Partners Invests US$21m in Cornershop to Expand Business in Mexico (en español)
(La Voz) Accel Partners led a US$21m Series B in Cornershop, a Mexican-Chilean grocery delivery startup. Other participants include Creandum, Jackson Square Ventures, and ALLVP. Read more
Canary to Raise US$50m Fund to Invest in Startups (em português)
(Estadão) Canary, a Brazilian investment fund, and four other partners, raised US$20m of its US$50m goal and has already invested in three startups. Read more
Medici Ventures Invests in Argentinian Bitcoin Startup Ripio
(Global Newswire) Blockchain technology investor Medici Ventures made an undisclosed investment in Argentinian bitcoin platform Ripio. Read more
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Real Estate News
Jaguar Growth Partners Invests in Mexico’s Hoteles City Express
(Press Release) Jaguar Growth Partners has purchased a 9.7% stake in Mexican hotel chain, Hoteles City Express. Read more
MetroBuildings Prepares To Build Two Apartment Hotels in Santiago (en español)
(Diario Financiero) Metro Buildings, a joint venture among the CIM Group, Compass Group and Urban, will develop two apartment hotels in Santiago. Read more
Global Logistics Properties Acquires Assets from BR Properties
(LexLatin) Global Logistics Properties has acquired logistics assets from Brazil’s BR Properties. Read more
Ford Foundation Commits US$1b to Impact Funds Investing in Affordable Housing in Developing Countries
(Bloomberg) The Ford Foundation will commit US$1b of its endowment to money managers who invest in affordable housing and financial services for people in developing countries over the next 10 years. Read more
HSI Will Invest in Residential Projects in São Paulo (em português)
(Valor Econômico) Brazilian private equity real estate firm Hemisfério Sul Investimentos (HSI) will invest for the first time in middle and high-income residential projects in São Paulo. Read more
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Diversity Driving Revenue Impact Investing
Hosted by Big Path Capital at Thomas Reuters |
May 16, 2017 |
New York, NY
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IFC's 19th Annual Global PE Conference in Association with EMPEA
Hosted by IFC and EMPEA |
May 16-17, 2017 |
Washington, DC
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ABVCAP Congress
Hosted by ABVCAP |
June 5-6, 2017 |
São Paulo, Brazil
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Mexico PE Day 2017
Hosted by AMEXCAP |
June 8, 2017 |
New York, NY
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SuperReturn Emerging Markets
Hosted by SuperReturn |
June 26-28, 2017 |
Amsterdam
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Finnosummit
Hosted by Finnovista |
September 19-20, 2017 |
Mexico City, Mexico
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LAVCA Week: Summit & Investor Roundtable
Hosted by LAVCA |
September 26-27, 2017 |
New York, NY
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LAVCA Week: Venture Investors NY Summit
Hosted by LAVCA |
September 28, 2017 |
New York, NY
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LAVCA Wharton Private Equity Professional Development Program
Hosted by LAVCA |
November 13-16, 2017 |
Miami, FL
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LAVCA Members receive a discount on select events. For information on member discounts, contact Caitlin Mitchell
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Latin American Venture Capital Association
589 8th Avenue, 18th Floor
New York, NY 10018
Contact Us
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