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| 2023 LAVCA Industry Data & Analysis LAVCA has released its latest industry data on private capital activity in Latin America. LAVCA Members may access the underlying data here: 2023 LAVCA Industry Data and Analysis. PRIVATE CAPITAL | Private capital fund managers deployed USD28.2b across 1,352 deals in Latin America in 2022, driven by a surge in investment in infrastructure. Telecommunications and renewable energy platforms saw the largest jumps in investment, with capital deployed across these strategies increasing three times and five times compared to 2021, respectively.
PRIVATE CREDIT | Private credit strategies reached new heights and continue to be one of the fastest-growing asset classes in Latin America. Private credit investment in the region has increased 6x over the last five years.
VENTURE CAPITAL | Despite a significant downturn in VC investment compared to 2021, VCs deployed USD7.8b across 1,114 deals in 2022. Seed funding was resilient through the downturn, as a growing number of local fund managers continued to invest in early entrepreneurs. View the newly released 2023 LAVCA Trends in Tech report for additional analysis.
LAVCA Members can log in to download the 2023 LAVCA Industry Data & Analysis Excel file. The full PDF report and analysis will be released in early March. Members can request custom datasets by emailing [email protected].
2023 LAVCA Trends in Tech Report and Startup Founders Survey LAVCA’s Trends in Tech Report breaks down 2022 VC investment data, top deals, highlighted transactions and most active investors, as well as round size analysis and country-specific trends. LAVCA Members can download the accompanying Data Pack for underlying information.
The 2023 Startup Founders Survey captures how 160+ VC-backed founders are responding to a radically different macroeconomic context in the Latin American tech ecosystem, with insights on current changes to their operating roadmap, company valuation and top-line growth. LAVCA members can log in to access our members-only Data Pack.
Virtual Training | Understanding the Private Credit Continuum:
A Playbook for PE Investors
#InsidePrivateCapital
In this next Inside Private Capital executive education training, practitioner faculty will: Provide an overview of the private credit market, from mezzanine to special situations Discuss the risk / return relationship of various credit categories Explore how private capital managers can incorporate private credit into their programs The Inside Private Capital series is available to LAVCA Members, GPCA Members and guests of DEG and FMO at no cost. Non-members may contact [email protected] to express interest and will be considered on a space-permitting basis.
| | | Patria Investments launched and invested USD120m in Élis Energia, a Bazil-based solar energy platform. Read more #RealAssets
23S Capital invested BRL250-300m (~USD48m-58m) in Ademicon, a Brazil-based consortium administrator in the real estate and goods segments. Read more #PE
FirstRock Private Equity acquired a majority stake in Optimum Trading, a Jamaica-based medical and dental supplies distributor. Read more #PE
Caravela Capital reached a first close of its early stage Latin America-focused fund, Caravela Capital II, with a USD50m target. The fund’s first investment is Franq Open Banking, a Brazil-based consumer banking platform Read more #VC
Base10 Partners and Greenoaks invested USD35m in Buk, a Chile-based employee management platform. Read more #VC
Magma Partners led a USD8m round for Vexi, a Mexico-based credit card issuer for middle class consumers, with participation from Redwood Ventures and Rebalance Capital, and follow-on from Alpha4Ventures, Noa Capital and Pomona Impact. Read more here, here and here #VC
Datamart, a Chile-based consumer credit diligence platform, raised USD6.3m from Moonvalley Capital, Banco Santander, Grupo Falabella and BICE. Read more #VC
Astella led a USD6.1m round for Logtech Estoca, a Brazil-based e-commerce fulfillment and last-mile delivery platform, with participation from Irongrey and FJ Labs will follow-on from Canary and Marathon. Read more here and here #VC
Crescera Capital and EDP Brasil’s corporate venture capital arm invested BRL14m (~USD2.7m) in 77Sol, a Brazil-based solar panel manufacturer. Read more #VC
Kamay Ventures invested in Ruedata, a Colombia and Mexico-based inventory management software for transportation companies. Read more #VC | | | Upcoming Events & Trainings 7-8
MAR
| Pacific Alliance Private Capital and Venture Capital Congress
Bogotá, Colombia
Hosted by ColCapital | 24
MAR
| Wharton Latin American Conference
University of Pennsylvania, Philadelphia
The Wharton School
Guest Speaker: Emanuel Hernandez, Director, Research, LAVCA | 27-29
MAR
| GPC Conference 2023
Conrad New York Downtown, New York, NY
Hosted by GPCA | 28-29
MAR
| Cumbre de Capital Privado 2023
Mexico City, Mexico
Hosted by AMEXCAP | 10-13
OCT
| LAVCA Week 2023
Conrad New York Downtown, New York, NY
Hosted by LAVCA |
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