Member Profile: Michael Harrington & Mike Till, Actis

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Member Profile: Michael Harrington & Mike Till, Actis

LAVCA caught up with Mike Till, Co-Head of Actis’ Energy Business and Michael Harrington, Partner of Actis’ Energy Business to learn more about the energy needs in Latin America and the opportunity for alternative energy and power generation. As Head of Actis’ new Mexico Office, Harrington also spoke to the extensive reform of its energy market which adds momentum to Actis’ investment thesis in the power sector. Read more

WebRadar Scores R$40m in Funding from Qualcomm, DGF Investimentos

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(PEHub) WebRadar, a Brazilian big data analytics company, secured approximately R$40m (US$10m) in funding from Qualcomm Ventures and DGF Investimentos. Qualcomm Ventures, Qualcomm Incorporated’s investment arm, and DGF will be minority stakeholders. Read more

Three Fund Managers selected for IDB-China Eximbank New Equity Investment Platform

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(IDB) October 17, 2012 – Macquarie Infrastructure and Real Assets (MIRA), Darby Private Equity, and SinoLatin Investment Advisors (SLIA) have been selected to manage an investment platform for Latin America and the Caribbean that is being created by the Inter-American Development Bank (IDB) in partnership with the Export-Import Bank of China (China Exim). Read more

Real Infrastructure Capital Partners Holds First Close for $200M Fund

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(Real Infrastructure Capital) July 17, 2012 – Real Infrastructure Capital Partners LLC (REAL) is pleased to announce the first closing of its Latin Renewables Infrastructure Fund, LP with approximately US $50M of commitments. Read more

OPIC Board Approves $185M for Two Solar Power Projects in Peru

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(OPIC) June 18, 2012 – Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, approved $185M in financing for the construction of two 20-megawatt solar power plants in Peru that will produce nearly 100M kilowatt hours of electricity annually Read more

SEAF Funds Complete Exit from Peruvian Hydroelectric Power Plant Investments

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(SEAF) June 13, 2012 – Small Enterprise Assistance Funds (SEAF) announced that three SEAF-managed Latin American funds exited their investment in Hidroelectrica Santa Cruz S.A.C (HSC), a hydroelectric power plant operator in Peru, in February. Read more

Rio Bravo Raises $275M for Renewable Energy Fund

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(Rio Bravo) May 23, 2012 – Rio Bravo, an independent Brazilian asset manager co-founded by former Central Bank president Gustavo Franco, completed a final closing for its funds targeting renewable energy projects. The private equity fund FIP Rio Bravo Energy, now totaling R$463M (approx. US$275M), includes commitments from international investors, pension funds and foundations. Read more

Southern Cross Sells Tierra Amarilla to Inkia (en español)

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(La Tercera) December 7, 2011 – Private equity firm Southern Cross has closed the sale of Tierra Amarilla to Inkia Energy, the Peruvian subsidiary of Israel Corp. Tierra Amarilla is a 160 MW power plant located in the Copiapó region of Chile. Read more

CAF Invests US$10M in Clean Energy Fund for LatAm

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(CAF) November 4, 2011 – CAF – Latin American development bank – approved a US$10 million equity investment in the CleanTech Latin America II Fund, which finances projects for generation of renewable energy and clean technology in Latin America and the Caribbean. Read more

Banco do Brasil unit to raise $555M for PE fund

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(Reuters) September 20, 2011 – A unit of Banco do Brasil (BBAS3.SA), the nation’s biggest lender by assets, plans to raise 1 bln reais ($555M) for a private equity fund focused on renewable energy projects, Read more