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LAVCA Diversifies Board with Five New Investors
New Board Members Include CPPIB, The Abraaj Group, IFC, Telefónica, and Península Participações
New York, September 26, 2016 –The Latin American Private Equity & Venture Capital Association (LAVCA) today announced the addition of five new board members. Appointments include Península Participações, Canada Pension Plan Investment Board (CPPIB), the International Finance Corporation (IFC), The Abraaj Group, and Telefónica. Three board members completed their terms and two board seats were added.
Individuals joining the LAVCA Board of Directors are Maria Kozloski, Global Head and Chief Investment Officer of Private Equity at the IFC; Julie Gray, Senior Principal of CPPIB; Flavia Buarque de Almeida, Partner at Península Participações, the family office of BRF Chairman Abílio Diniz, where she oversees the office’s private equity allocations; Miguel Ángel Olea, who leads The Abraaj Group’s activities in Latin America based out of Mexico; and Miguel Gutierrez, Telefónica LATAM Advisory Board Member and President of Argentina’s largest energy company, YPF.
“We are excited to welcome new constituencies to the LAVCA Board, representing the range of institutions investing in Latin America,” said Cate Ambrose, President of LAVCA. “Miguel, Maria, Julie, Miguel Ángel, and Flavia contribute decades of investment experience. Their expertise will enable LAVCA to better serve the global investor community and the full spectrum of Latin American industry players.”
“The major markets in Latin America are faced with distinctive challenges so it is important to have a diversified board, both geographically and by investor type,” commented Patrice Etlin, Chairman of LAVCA. “As LAVCA constituencies continue to grow, adding board seats is crucial to enhancing the organization’s expertise and relevance in the region.”
Susana Garcia-Robles of the Multilateral Investment Fund, Álvaro Gonçalves of Stratus Group, and Susan Segal of the Americas Society/Council of the Americas have each completed their maximum terms on the LAVCA board and will step down.
“We are lucky to have an incredibly supportive board and would like to thank Susana, Alvaro, and Susan for their contributions over the years,” continued Ambrose.
LAVCA Board Members will convene on September 26th in New York City to kick off LAVCA Week 2016, the organization’s annual event designed exclusively for the Latin American private equity and venture capital community. Visit LAVCA’s website for a full list of board members.
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About the Latin American Private Equity & Venture Capital Association (LAVCA)
The Latin American Private Equity & Venture Capital Association (LAVCA) is a not-for-profit membership organization dedicated to supporting the growth of private equity and venture capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 170 firms, from leading global investment firms active in the region to local fund managers from Mexico to Argentina. Member firms control assets in excess of US$60b, directed at capitalizing and growing Latin American businesses. LAVCA’s mission – to spur regional economic growth by advancing venture capital and private equity investment – is accomplished through programs of research, networking forums, education, and advocacy of sound public policy. More information at www.lavca.org
