Mission and History
The mission of the Latin American Private Equity & Venture Capital Association (LAVCA) is to spur regional economic growth by advancing venture capital and private equity investment. This is accomplished through programs of research, networking, investor education, the promotion of best investment practices, and the advocacy of sound public policy.
LAVCA was founded in 2002 with support from the Multilateral Investment Fund (MIF) of the Inter-American Development Bank, the National Venture Capital Association (NVCA), and Development Capital Networks (DCN), an organization dedicated to supporting development associations and entrepreneurial networks. More recently, the Corporación Andina de Fomento (CAF) and the Netherlands Development Finance Company (FMO) have provided support to LAVCA. LAVCA is led by a board of directors which is largely comprised of fund managers from the region.
The LAVCA board has been headed by five chairmen:
June 2002 – March 2004
Everett Santos, Emerging Markets Partnership
March 2004 – July 2005
Richard Frank, Darby Overseas
July 2005 – September 2006
Dave Thomas, Intel Capital
September 2006 – December 2011
Eduardo Elejalde, Latin America Enterprise Fund Managers
January 2012 – present
Patrice Etlin, Advent International