Latin American Private Capital Update - May 26, 2020Latin American Private Capital Update May 26, 2020 |  | | 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. |
| LAVCA is seeking deal submissions for the seventh edition of The Latin American Private Equity Deal Book & ESG Cases. Access past editions here.
Open exclusively to LAVCA members, firms can nominate investment cases for consideration for the deal book and the Latin American Private Equity Awards. Congratulations again to the 2019 winners Alta Growth Capital, Lafise Investment Management, Actis, and Axxon Group.
NEW IN 2020: LAVCA is looking to highlight how firms are supporting portfolio companies and surrounding communities during the global pandemic as a way to showcase the importance of the private sector for a long-term recovery.
Complete the online submission form. A PDF submission form can be sent to fund managers upon request.
LPs and service providers can also nominate deals using this SHORT FORM.
For questions, contact LAVCA. | | |
| Venture investment in emerging markets has more than doubled (in dollar terms) since 2014, tracing a steady growth trajectory, according to a new report from EMPEA.
Aligned with LAVCA’s Annual VC/Tech Report, Latin America was one of a number of markets with a record breaking fundraising and investment year in 2019.
Access the full EMPEA report to see how LatAm trends compare with other emerging venture markets. Sign up for regular updates on notable EM VC transaction here.
For a deeper analysis on Latin America VC Data, ACCESS LAVCA’s Annual VC/Tech Report and/or sign up for the LatAm Venture Bulletin. | | |
| LAVCA continues to gather relevant resources and updates for private capital investors active in Latin America in light of how the spread of COVID-19 might affect portfolio companies, investor relations, pipeline building, and more.
This week, insights from LAVCA member firms in Latin America include:
• Jaguar Ventures shared a statement where the fund discusses the current state of its fundraising activity and the positive impact that the COVID-19 crisis has had on their portfolio companies.
• Actis – Macro Forum: The Street View reports on the latest news and insights on investment related issues drawing on local knowledge and global presence, with a section on COVID-19.
Access additional resources on our website here.
Have relevant information you would like to share? Members and non-members please email editor@lavca.org. | | |
| Capria is seeking a highly qualified, entrepreneurial, and self-directed investment professional to take on a new role as a global investment director, leading LP investment transactions and ongoing portfolio management in partnership with the firm’s founders.
The ultimate scope would be global, with an initial focus on Latin America where Capria has a high transaction volume. Significant institutional-quality direct or LP transaction experience is a must.
For more information on skills, abilities, experience needed, and how to APPLY, click here.
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Private Equity News
IFC to Invest US$26m in L Catterton Latin America Fund III (Press Release) International Finance Corporation has agreed to invest US$26m in L Catterton Latin America Fund III. The fund will target small to mid-sized companies focused in the consumer sector in Latin America. Of the US$26m invested by IFC, US$1m was provided by the Women Entrepreneurs Finance Initiative (We-Fi), a partnership between 14 countries and multilateral banks that seeks to unlock financing for women entrepreneurs. Read more
KKR Makes Four Investment Commitments with CerPi Resources (en español) (Investing.org) KKR Mexico made four commitments with CerPi resources. Details of the commitments were undisclosed. Read more
Oria Capital Invests R$40m in Brazilian Recruiting Platform Gupy (Press Release) Oria Capital invested R$40m in Brazilian AI-powered recruiting platform Gupy. Valor, Canary, and Maya Capital invested previously. Read more
Advent International-Backed YDUQS Finalizes US$424m Acquisition of Brazilian Workforce Solutions Provider Adtalem Educacional do Brasil (em português) (Yahoo Finanças) Advent International-backed Brazil-based educational group YDUQS has finalized the acquisition of Brazilian workforce solutions provider Adtalem Educacional do Brasil from its parent company, US-based Adtalem Global Education, for US$424m. Read more
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 Venture Capital News
Quona Capital Leads a US$15m Round in Colombian Lending Platform ADDI (Contxto) Quona Capital led a US$15m round in ADDI, a Colombian point-of-sale lending platform, with participation from Foundation Capital, S7 Ventures, as well as returning investors Andreessen Horowitz and monashees. Read more
Indico Capital Partners Invests R$16.5m in Zenklub (em portugués) (Baguete) Zenklub, a Brazilian online therapy and wellness platform, raised R$16.5m from Indico Partners. The Portuguese fund first invested in the company in 2019. Read more
Eurofarma’s Neuron Ventures Leads a US$1m Round in Psicologia Viva (Contxto) Eurofarma’s CVC arm Neuron Ventures led a US$1m round in Psicologia Viva, a Brazilian B2B mental health platform. The company provides remote therapy for employees that are part of decentralized teams. Read more
Fen Ventures, Magma Partners, and Fondo Alerce Invest US$1.3m in Houm (Contxto) Fen Ventures, Magma Partners, and Fondo Alerce invested US$1.3m in Chile-based proptech Houm. Read more
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 Real Asset News
Pirineus Acquires Eletrobras’ 49% Stake in Brazilian Wind Farm Mangue Seco 2 for R$33m (em português) (Press Release) Pirineus Multistrategy Investment Fund acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for R$33m. Read more
Latache Capital Acquires Stake in Rodovias do Tietê (em português) (Valor Econômico) Latache Capital agreed to buy a stake in transportation services provider Rodovias do Tietê from Portuguese company Lineas. Financial terms of the transaction were undisclosed. Read more
Patria Infrastructure Raises US$1.6b (IPE Real Assets) Florida State Board of Administration (SBA) has agreed to commit US$100m to Patria Investimentos Infrastructure Fund IV, a fund managed by Brazil-focused private equity firm Patria Investimentos. The vehicle, targeting US$2.8b, has secured US$1.6b in commitments to date. Read more
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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
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New York, NY 10018
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