Private Capital Update - April 13, 2022                                Email not displaying correctly?
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New LAVCA Executive Director

#LAVCA Team

 
LAVCA is pleased to announce that Angela Maria Tafur, a non-profit entrepreneur and seasoned governance expert, has joined LAVCA in the position of Executive Director.

Tafur brings a wealth of experience in philanthropy, corporate social responsibility, sustainability and legal governance to the Executive Director role. She has served as In-House Counsel to Bancolombia, as well as legal advisor to the Superintendent of Securities for the government of Colombia, where she implemented the legal framework for international investment in Colombian capital markets. She also sits on a number of global boards, including GNB Sudameris Bank in Panama and heads their risk committee.

She is also a founding member and Chair of the Board of Give to Colombia (G2C), a US-based philanthropic platform that has channeled more than USD26m to Colombia and improved the lives of more than three million people. Since 2004, G2C has executed more than 400 projects in the areas of education, health, economic development, environment and humanitarian aid. Tafur is also a trustee for the Nature Conservancy.

Tafur will be working in close collaboration with the LAVCA Board and our industry partners as the team produces new research, venture capital content and live programming, and prepares for a return to an in-person LAVCA Week in 2022.

 
 

 

Save the Date: LAVCA Week 2022

#LAVCAWeek

 
Save the date for LAVCA Week 2022 taking place in person on October 12-14 at the Conrad New York Downtown in New York City.

The 2022 conference will convene LAVCA’s unparalleled network of private capital investors from across Latin America, the US, Asia and other global markets for a highly interactive experience, including networking and discussions on the latest trends in private equity, venture capital and other private capital strategies.

Participation is open to LAVCA members, non-member private capital investors and qualified institutional investors.
 

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2022 Industry Data and Analysis

#LAVCA Research

 
Digitalization was the dominant theme across Latin America’s private capital landscape in 2021, with technology companies driving interest across asset classes and pushing private capital investment to a new record of USD29.4b.
  • VC investment reached a record of USD15.7b, more than what the region’s startups attracted in the 10 years prior and over half of total private capital dollars invested in 2021.
  • Private capital funds are financing the region’s bet on greater connectivity and competitiveness through digital and transportation infrastructure.
  • The region’s major markets each reached new investment milestones despite socioeconomic and political headwinds.
  • A return to growth in Latin America’s major economies, coupled with low interest rates during the first half of the year, fueled M&A activity and public listings for private capital-backed companies.
LAVCA Members can log in to download the 2022 Industry Data and Analysis PDF report with key market insights through December 31, 2021. Members also have access to an accompanying Excel Data Pack with over 40 exhibits, publicly disclosed investments, funds and exits. Don’t see what you are looking for? LAVCA Members can make custom data requests by emailing research@lavca.org

Look out for quarterly data releases from the LAVCA Research team in 2022.
 

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 EIG and Fluxys agreed to acquire an 80% stake in Chile-based regasification terminal GNL Quintero from Enagas and Omers for USD661m.  
Read more #Real Assets


 BNB and Vinci Partners agreed to partner to launch a BRL2.65b infrastructure and renewable energy fund. Read more #Real Assets

General Atlantic led a USD152m Series B for Jüsto, a Mexican grocery delivery platform, with participation from Tarsadia Capital, Arago Capital, Citius, Quiet Capital and follow-on from Foundation Capital. Read more #VC

 Warburg Pincus and Gávea Investimentos partially exited Grupo GPS, a Brazil-based outsourced cleaning, maintenance and security services company, via a BRL530m block trade. Warburg and Gavea retain 10% and 6% stakes, respectively. Read more #PE

 Gramercy provided a USD100m credit line to Colombia-based fintech OmniLatamRead more #Private Credit

The family office of the Moreira Salles family, Lanx Capital, Gávea Investimentos and Dynamo invested BRL389m in re.green, a company that aims to restore 1 million hectares of Atlantic Forest and Amazon rainforest in Brazil. Read more #Real Assets


 Brookfield Asset Management agreed to invest USD60m in Brazil-based corporate rental and fleet management company Ouro Verde. Brookfield acquired the company in 2019. Read more #PE

Treinta, a Colombia-based sales and inventory management platform for SMEs, raised a USD46m Series A from NY-based hedge fund Luxor Capital and PayU.
Read more 
#VC

Stark Bank, a Brazil-based cash management platform and corporate card issuer, raised a USD45m round from Ribbit Capital, Lachy Groom and Bezos Expeditions.
Read more 
#VC

Kayyak Ventures led a USD30m Series A for Migrante, a Chile-based car and motorbike lending platform for gig workers, with participation from angels Sergio Furio (Creditas), Eduardo della Magiora (Betterfly) and Huey Lin (GGV). Migrante also secured a USD80m debt facility as part of the round. Read more #VC

 ACON Investments acquired an undisclosed stake in Brazil-based corporate food service company SaporeRead more #PE

Magma Partners and Accial Capital led a USD24m equity and debt round for Vexi, a Mexico-based credit card issuer for middle class consumers, with participation from alpha4 Ventures, Village Capital, Pomona Impact and Noa Capital. Read more #VC

Quadria Capital invested BRL106m in Companhia Docas do Espírito Santo (Codesa), operator of the ports of Vitória and Barra do Riacho in Brazil.
Read more #Real Assets


Lightspeed led a USD20m Series A for Muni, a Colombia-based social commerce platform with operations in Mexico and Brazil, with follow-on from monashees and Pear VC. Muni was founded by former Rappi Global Grocery Delivery Head Maria Echeverri. Read more #VC

FinTech Collective led a USD20m Series A for Simetrik, a Colombia-based B2B platform for automatic financial reconciliation, with participation from Tiger Global and Moore Strategic Ventures, and follow-on from Cometa and monashees. Simetrik also raised USD4m in venture debt as part of the round. Read more #VC

 Riza Asset Management and Alvarez & Marsal agreed to create a joint venture to raise and manage funds to invest in special situations. Read more #Private Credit

Propel Venture Partners and Accel led a USD15m Series A for Truora, a Colombia-based user identity authentication and customer onboarding platform. Angels participating included Simon Borrero (Rappi), Alex Bouaziz (Deel), Maria Echeverri (Muni), Dileep Thazhmon (Jeeves), Tatiana Fontalvo (Bitsports), Angela Borrero (Morado), Valentina Valencia (VaaS), Brian Requarth (Latitud) and Huey Lin (GGV). Read more #VC

CRV led a USD13.6m Series A for Arena, a US-based community building platform for e-commerce brands, with participation from Craft Ventures, Artisanal Ventures and Vela Partners. Arena was founded by Brazilian early Hulu employee Paulo Martins. Read more #VC

Brookfield Renewable Partners acquired a majority stake in Solarity, a Chile-based solar energy solutions company, for an undisclosed amount. Read more #Real Assets


Blue Like an Orange invested USD10m in Tembici, a Brazilian micro-mobility platform focused on bikes with operations in Chile and Argentina. Crescera Capital led a USD80m Series C in October 2021; Valor Capital Group led a USD47m Series B in June 2020. Read more #VC

Rakuten Capital, the CVC arm of Japanese online retail company Rakuten, and IDC Ventures led a USD10m Series A for Leal, a Colombia-based credit card issuer and consumer rewards platform. Read more #VC

Valor Capital Group led a USD10m Series A for Dolado, a Brazil-based inventory and digital sales management platform for SMEs in city peripheries, with participation from IDB Lab, Flourish Ventures, Clocktower Ventures, GFC and Endeavor Catalyst. IDB Lab committed USD1.5m as part of the round. Read more #VC
 

Upcoming Events & Trainings

26-27
APR
The Pacific Alliance Private Equity and Venture Capital Summit 
Grand Hyatt Bogotá, Colombia
Hosted by ColCapital
12-14
OCT
LAVCA Week 
New York, NY
Hosted by LAVCA

LAVCA Research + Directories

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The Association for Private Capital 
Investment in Latin America
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