On a recent trip to São Paulo and Rio I was struck by the number of investors who talked to me about education deals, and a few weeks earlier I was in Mexico hearing about a string of healthcare transactions. These are themes that we have seen in Latin America for years, but that have become even more attractive in the midst of slowing economies – while retailing and restaurants may show some weakness in 2016, other consumer sectors including education, healthcare, and fintech are proving to be counter cyclical.
LAVCA spoke with Camilo Villaveces, President and CEO of Ashmore Colombia about the opportunity for private equity investments in the Andean region and how infrastructure continues to be the single biggest opportunity in Latin America. “I would say we have the best investment pipeline that I have seen in my career transacting in the region for the past 30 plus years,” said Villaveces. Read more
Mexican fintech startup Konfio just secured a US$8m Series A from KaszeK Ventures, QED, Quona, and Jaguar Ventures, marking both KaszeK and QED’s first investment in Mexico. With fintech heating up, LAVCA spoke to David Arana, Founder and CEO of Konfio about the opportunity for this sector in Latin America and how to effectively build relationships with investors. Read more
Conventional wisdom has it that the PE/VC opportunity in Latin America is never quite as good or as bad as the headlines and investor herd would lead us to believe. Earlier this month LAVCA published data on 2015 PE/VC activity in Latin America, and never has it been more important to look beyond the headlines to understand the real market dynamics, particularly in the region’s main economies of Brazil and Mexico. .
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
Private Equity is a highly challenging industry and it has seen impressive growth in Latin America over the last decade. As with most businesses, people are the key performance driver. But, in an industry that is relatively new in the region, are there enough qualified private equity professionals to support its growth?
Brazilian startup WebRadar is an international breakout in the big data space, crunching billions of data points per hour to drive efficiencies for clients in three sectors (telco, transportation and energy). Following a R$40M investment from Qualcomm Ventures and DGF Investimentos, LAVCA spoke with WebRadar co-founder and CEO Adriano da Rocha Lima about their newest product release at Mobile World Congress 2016, relationships with strategic investors, and expansion plans. Read more
In the aftermath of the sweeping Dodd-Frank Act, the word “exempt” is a misnomer when it is applied to various classes of advisers, including Exempt Reporting Advisers with and without a U.S. presence. Don Andrews and Philip von Mehren, both Partners at Venable, explore the complex requirements of foreign Exempt Reporting Advisers (e.g. either Latin American funds with no U.S. office or with a U.S. office but less than $150 million under management) to abide by many of the same rules as Registered Investment Advisers. Read more
Over the last decade, pension funds in Chile, Peru, Colombia, Brazil, and Mexico have backed dozens of domestic PE funds, driving the development of the region’s investment ecosystem. But understanding the hurdles to securing commitments in each one of these markets represents an ongoing challenge to GPs as regulation and rules continue to evolve.