PRESS RELEASE FOR IMMEDIATE RELEASE
Caitlin Mitchell, LAVCA
VICTORIA CAPITAL PARTNERS AND EVERCORE MEXICO JOIN BOARD OF THE LATIN AMERICAN PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION
New York, September 29, 2014 – The Latin American Private Equity & Venture Capital Association (LAVCA) today announced the addition of two new board members, Carlos Garcia, Co-Managing Partner and Chairman of Victoria Capital Partners, and Alfredo Castellanos Heuer, Senior Managing Director of Evercore Mexico Capital Partners. Garcia and Castellanos succeed J. Scott Swensen, Co-Founder of Conduit Capital Partners, and Arturo Saval, Managing Director of Nexxus Capital, who completed six-year terms on the LAVCA board.
“Scott and Arturo have made major contributions to LAVCA during a period of substantial growth in Latin America private equity and venture capital,” said Patrice Etlin, Chairman of LAVCA. “Incorporating new board members allows us to further expand the association’s networks and expertise. Carlos brings decades of regional PE experience, while Alfredo represents one of the most important PE investors active in Mexico today.”
In addition to Chairman, Patrice Etlin, Managing Partner of Advent International and Cate Ambrose, President of LAVCA, LAVCA’s Board of Directors also includes Francisco Alvarez-Demalde, Founder and Partner of Riverwood Capital; Martin Diaz Plata, Managing Partner of Capital Group; Susana Garcia-Robles, Lead Investment Officer of MIF; Álvaro Gonçalves, Founding Partner and CEO of Stratus Group; Hernan Kazah, Co-Founder and Managing Partner of KaszeK Ventures; Susan Segal, President and CEO of Americas Society and Council of the Americas; Scott Voss, Managing Director of HarbourVest; and Outside Council Philip T. von Mehren, Partner of Baker & McKenzie.
LAVCA’s membership has grown 169% since 2009 to 167 Member firms in 2014 who control assets in excess of US$60b directed at capitalizing and growing Latin American businesses.
The LAVCA team also continues to grow with Eduardo Roman joining as Associate Director of Research and Kaela Duff joining as Manager of Events earlier this year. Longstanding Director of Research Juan Savino is transitioning into an advisory role as he takes on a full-time position at placement agent Sabertia Capital Partners and Ksenija Jovanovic, Director of Business Development and Strategy for LAVCA, will shift into a Senior Advisor Role as she joins the private equity investment team of a large institutional investor. In these capacities, Savino and Jovanovic will continue to contribute to LAVCA’s LP, GP, and research platforms and actively participate in program generation and Member relations.
“We are fortunate to have a growing network of full-time and part-time professionals who are truly dedicated to LAVCA’s mission and we look forward to the contributions of our advisors as they take on important roles within the industry,” said Cate Ambrose, President of LAVCA.
The Latin American Private Equity & Venture Capital Association 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 160 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.