The LAVCA Scorecard on the PE/VC Environment in Latin America

A non-profit member organization

The LAVCA Scorecard is a bi-annual ranking of the PE/VC environment in key markets based on indicators such as taxation, minority shareholder rights, restrictions on institutional investors, and capital markets development. It is widely recognized and used by policymakers and regulators.

2017-2014
Archive

This section provides relevant industry resources for Latin America private equity and venture capital fund managers and investors in areas including valuation, LP-GP relations and corporate governance. Guidelines are gathered from multiple industry associations, many of whom have worked together to develop consistent policies and to promote best practices in the global private equity and venture capital community.

LAVCA PE/VC TERM SHEETS

Argentina (Spanish) (English)

Brazil (Portuguese) (English)

Mexico (Spanish) (English)

Valuation Guidelines

International Private Equity and Venture Capital Valuation Guidelines

LAVCA endorses the International Private Equity Valuation Guidelines (IPEV Guidelines) and considers them an acceptable method to be used by Latin America private equity and venture capital funds. The Valuation guidelines provide fund managers and investors with a framework to examine the value of existing investments. The guidelines are consistent with International Financial Reporting Standards (IRFS) and US Generally Accepted Accounting Principles (US GAAP).

LP-GP Relations

ILPA Private Equity Principles

The Institutional Limited Partners Association (ILPA) has developed a set of Private Equity Principles with the goal of strengthening the relationship and communication between limited partners and general partners. The ILPA Principles are structured around three guiding principles – alignment of interest, governance and transparency.

Environmental, Social, and Corporate Governance (ESG) Disclosure Framework for Private Equity

The Environmental, Social and Corporate Governance (ESG) Disclosure Framework for Private Equity was developed to help general partners (GPs) better understand the reporting requirements of limited partners (LPs) for ESG related information.

The Framework was produced in a process involving more than 40 limited partners from 11 countries, 20 Private Equity Associations – including LAVCA- and 10 general partners.

Other Guidelines

EVCA Risk Measurement Guidelines (EVCA)
EVCA Corporate Governance Guidelines (EVCA)
BVCA Guide to Responsible Investment (BVCA)

Download the Bi-annual Scorecard on the PE/VC Environment in Latin America

2017/2018 LAVCA Scorecard

2017/2018 LAVCA Scorecard

2015-2016 LAVCA Scorecard

2015-2016 LAVCA Scorecard

2014 LAVCA Scorecard Update

2014 LAVCA Scorecard Update

2013 LAVCA Scorecard

2013 LAVCA Scorecard

2012 LAVCA Scorecard

2012 LAVCA Scorecard

2011 LAVCA Scorecard

2011 LAVCA Scorecard

2010 LAVCA Scorecard

2010 LAVCA Scorecard

2009 LAVCA Scorecard

2009 LAVCA Scorecard

2008 LAVCA Scorecard

2008 LAVCA Scorecard

2007 LAVCA Scorecard

2007 LAVCA Scorecard

2006 LAVCA Scorecard

2006 LAVCA Scorecard