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The Association for Private Capital Investment in Latin America (LAVCA) Announces New Appointments to Board of Directors
New York, September 24, 2018 – LAVCA, newly renamed the Association for Private Capital Investment in Latin America, today announced the appointment of four new directors to the Board; Fernando Borges, Managing Director of The Carlyle Group, Michael Harrington, Partner at Actis, Jose Sosa de Valle, Partner at Lexington Partners, and Nicolas Szekasy, Co-Founder & Managing Partner, KaszeK Ventures.
“We are delighted to welcome such high caliber investors to our Board,” said Cate Ambrose, President & Executive Director of LAVCA. “Today, the mix of global investors with an active presence on the ground in Latin America includes sector and strategy specialists which are a reflection of the growing maturity of the market.”
“LAVCA continues to make important strides on behalf of the private capital industry at a time of volatility in Latin America,” said Carlos Garcia, Chairman of LAVCA. “Investors are putting capital to work in the region with an opportunity for significant value and returns. LAVCA’s board represents the most active and successful investors who have come together to support the organization’s mission to promote sustainable and transparent long-term capital investment in the region.”
Directors completing terms in September 2018 are Francisco Alvarez-Demalde, Founder & Managing Partner at Riverwood Capital, Scott Voss, Managing Director of HarbourVest Partners, Martín E. Díaz Plata, Managing Partner of Capital Group Private Markets, and Hernan Kazah, Co-Founder & Partner of KaszeK Ventures.
“We would like to thank those board members stepping down for their contributions to LAVCA and we look forward to their ongoing commitment to our mission and active involvement in our education program and other key initiatives,” continued Ambrose.
LAVCA’s current Board includes:
- Carlos Garcia (Chairman), Managing Partner, Victoria Capital Partners
- Cate Ambrose (President), Executive Director, LAVCA
- Fernando Borges, Managing Director, The Carlyle Group
- Alfredo Castellanos Heuer, Managing Director, Glisco Partners
- Flavia Buarque de Almeida, Partner, Península Participações
- Nicolas Szekasy, Co-Founder & Managing Partner, KaszeK Ventures
- Mauricio Salgar, Managing Director, Advent International
- Rodolfo Spielmann, Managing Director, Head of Latin America, CPPIB
- Maria Kozloski, Chief Investment Officer of Private Equity, IFC
- Michael Harrington, Partner, Actis
- Miguel Gutiérrez, Chairman, YPF; Partner TRG; Advisor, Telefonica Open Future_
- Jose Sosa de Valle, Partner, Lexington Partners
- Philip von Mehren (Counsel), Partner, Venable
LAVCA’s Board of Directors will convene on September 24th in New York City to kick off LAVCA Week 2018, the organization’s annual investor meeting designed exclusively for the Latin American private capital community.
In 2018, LAVCA membership reached nearly 200 qualified investors and industry professionals in the Latin American private capital community. Visit LAVCA’s website for a full list of members.
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About LAVCA
LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 190 firms, from leading global investment firms active in the region and local fund managers to family offices, global sovereign wealth funds, corporate investors, and international pension plans. Member firms control assets in excess of US$65b, directed at capitalizing and growing Latin American businesses. LAVCA’s mission – to spur regional economic growth by advancing private capital investment – is accomplished through programs of research, networking forums, education and advocacy of sound public policy. Visit www.lavca.org for more information.