Untitled - Bancoldex

Transcription

Bancóldex S.A.
Multilateral Investment Fund - FOMIN
Inter-American Development Bank - IDB
Cecilia Álvarez-Correa Glen
Minister of Trade, Industry and Tourism
Luis Fernando Castro Vergara
Chief Executive Officer Bancóldex
Development Team:
Laura Viviana Rodríguez Torres
Edna Carolina Arias Parada
Margarita Coronado Gómez
Mauro Sartori Randazzo
Design Team:
Felipe Castellanos Agudelo
Creative
Jessica Andrea Galvis
Editorial Design
www.bancoldex.com
© Bogotá 2015.
As a result of this commitment, this year I have the
pleasure of presenting the sixth edition of the Catalogue
of private equity and venture capital funds, which has
been made possible thanks to the collaboration of the
Multilateral Investment Fund of the Inter-American
Development Bank (Fomin-IDB).
The monitoring that is carried out – year after year –
through this publication has allowed us to witness the
evolution and dynamics of this industry in Colombia.
For example, in 2010, the catalogue made reference to
11 funds, of which only one was a venture capital fund.
Today, information is registered for at least 80 funds,
some already closed1 and others in the process of
fundraising2.
BOOSTING PRIVATE EQUITY AND
VENTURE CAPITAL IN COLOMBIA
During the last year, Bancóldex has consolidated its new
corporate strategy with the aim of catalyzing entrepreneurial growth within the country.
One of the pillars of this strategy is related to “smart
capital” investment processes, which stem from private
equity and venture capital.
This confirms our interest and commitment to industry
development within the country through the Bancóldex
Capital program.
It is important to highlight that, since the creation of the
program in 2009, Bancóldex has played an active role in
the private equity and venture capital industry, on two
fronts. The first is focused on financial support, which
consists of participating as an investor (LP) in private
equity and venture capital funds. The second revolves
around non-financial support, where Bancóldex acts as
The list of closed funds today includes: five venture
capital funds, twenty-four private equity funds, three for
natural resources, six for real estate, four for infrastructure, and four impact funds. This not only shows the
noticeable progress of the business, but also its degree
of specialization and sophistication.
I hope that this document becomes a useful tool for
attracting investors to private equity and venture capital
funds from around the world, and also becomes a source
of relevant information to boost the growth of the industry in Colombia.
Kind regards,
Luis Fernando Castro
Chief Executive Officer Bancóldex
Closed Fund: Private Equity and Venture Capital funds that finished its process of obtaining resources or investment commitments.
Fund in Fundraising: Private Equity and Venture Capital funds that are in the process of obtaining investment commitments.
1
2
PRIVATE EQUITY AND VENTURE CAPITAL FUNDS COLOMBIA
an industry facilitator, working with investors, fund
managers, and entrepreneurs in areas of training related
to investment private equity and venture capital funds,
better practices, and industry regulation, among others.
CONTENT
The catalogue of Private Equity and Venture Capital
Newsletter
Colcapital
Procolombia
6
8
11
184
INFRASTRUCTURE
FUNDS
Closed Funds
FINTRA - Fondo de Infraestructura en Transporte
Darby Overseas Investments y Grupo Colpatria
14
Infraestructura Brookfield Colombia
Brookfield Asset Management Inc.
16
Ashmore I - FCP Colombia Infrastructure Fund
Ashmore Management Company Colombia
18
Nexus Infraestructura I FCP
Nexus Capital Partners S.A.
20
Fundraising Funds
Ashmore I - CAF Colombian Infrastructure
Senior Debt Fund I
Ashmore CAF Management Company Colombia
ElDorado LATAM Fund
CFC-SK ElDorado LATAM Capital Partners Ltd
FCP 4G | Credicorp Capital – Sura Asset
Management, Compartimento Deuda Privada
Infraestructura I
Unión para la Infraestructura S.A.S.
Nova renewable Energy Latin America LP
Nova Latin America GP LP
22
24
26
28
Inverlink Estructuras Inmobiliarias
38
Nexus Inmobiliario
Nexus Capital Partners
40
Terranum Capital Latin America Real Estate Fund I
Terranum Capital Latin America Real Estate Fund GP
42
Fundraising Funds
Avenida Colombia Real Estate Fund II
Avenida Partners LLC
44
BBP Real
Building Blocks Partners
46
Futuro Inmobiliario Compartimento II
Quadras
48
Inmobiliario Ultrabursátiles
Gestor inmobiliario
50
Paladin Realty Latin America Investors V
Paladin Realty Partners
52
Polígonos Industriales de Colombia
Profesionales de Bolsa
54
Real Estate Income Fund
56
SFI Sociedad Fondo Inmobiliario
Sociedad Fondo Inmobiliario
58
Terranum Capital Latin America Real Estate Fund II
Terranum Capital Latin America Real Estate Fund GP
60
Real Estate Value Private Equity Fund: TLC Bogotá
62
Real Estate Value Private Equity Fund: TLC Cartagena
64
Yellowstone Capital Real Estate Fund I
Yellowstone Capital Partners
66
NATURAL RESOURCES
FUNDS
REAL ESTATE
FUNDS
Closed Funds
Closed Fund
Avenida Colombia Real Estate Fund I
32
Colombian Investment in Hydrocarbons Fund
LAEFM Colombia Ltda.
70
Fondo Inmobiliario Colombia
Fiduciaria Bancolombia S.A.
34
Colombian Investment in Forestry Fund
72
Futuro Inmobiliario Compartimento I
Quadras
36
Tribeca Natural Resources Fund
Tribeca Management Company
74
Fundraising Funds
Valor Forestal
76
PRIVATE EQUITY
FUNDS
Closed Funds
Pátria – Brazilian Private Equity Fund V
Pátria Investiments
110
Southern Cross Group Fund IV
Southern Cross Group
112
Teka I
Teka Capital
114
Tribeca Energy Fund
116
Advent Latin America Private Equity Fund VI
LAPEF VI GP Limited Partnership
80
Tribeca Fund I
118
Alaf I
The Abraaj Group
82
Tribeca Homecare Fund
120
Altra Private Equity Fund I
Altra Investments Inc.
84
Tribeca TC Dorado Fund
122
Altra Private Equity Fund II
Altra Investments II GP Inc.
86
Valorar Futuro
Sociedad Gestora Valorar Futuro
124
Bricapital
Brilla Capital Management, LTD
88
Victoria South American Partners II
Victoria Capital Partners
126
Compartimentos CP-Val
90
Fundraising Funds
1. Compartimentos Cp-Val Sector Distribución de
Combustibles: Credicorp Capital Colombia S.A.
2. Compartimento Cp-Val Sector Térmico: Mónica Cheng.
3. Compartimento Cp-Val Sector Hidrocarburos: Altra
Inversiones SAS.
Escala Capital
Promotora
92
Fondo Energético Andino
Gestor Andino
94
Fondo Transandino Colombia FCP
SEAF Colombia
96
Kandeo Fund I Colombia
Kandeo Investment Advisors Colombia
98
Kandeo Fund II Perú
Kandeo Investment Advisors Perú
100
Linzor Capital Partners III
Linzor Capital Partners
102
MAS Colombia-LATAM
MAS Equity Partners
104
MGM Sustainable Energy Fund
MGM Innova Capital LLC
106
P2 BRASIL Private Infrastructure Fund III
Pátria Infrastructure
108
Alaf II
The Abraaj Group
128
ANCLA 360 I
Efromovich Silva Capital Partners
130
Ashmore II - FCP Andean Fund
Ashmore Management Company Colombia
132
CASEIF III LP
LIM LTD
134
Catterton Aimara Latin America Fund II, L.P.
CALA Managing Partner II, L.P.
136
Expansión Valorar Futuro FCP
Sociedad Gestora Valorar Futuro
138
Inversiones Ganaderas
140
Kandeo Fund II LP
Kandeo Fund II GP
142
MAS Equity Fund III
MAS Equity Partners
144
SEAF Colombia Agribusiness Fund (SCAF)
SEAF Management LLC
146
Serfinco Agronegocios
Agrofuturo
148
Victus Colombia
Sembrador S.p.A
150
VENTURE CAPITAL
FUNDS
Closed Funds
Amerigo Ventures Pacífico
Axon Partners Group
154
Certo S.A. - NXTP Labs
Nibeluz S.A.
156
FCP Innovación SP
FCP Innovación SP
158
Progresa Capital
Promotora
160
Velum Early Stage Fund I
Velum Ventures
162
Fundraising Funds
Firstrock Capital Colombia I
Atom Ventures
164
Nazca Investments
Nazca Ventures
166
Promotora Early Growth Fund II
Promotora
168
IMPACT
FUNDS
Closed Funds
Acumen
Acumen
172
Bamboo Financial Inclusion Fund I
Bamboo Finance
174
Bamboo Finance Oasis Fund S.C.A., SICAV-FIS
Bamboo Finance
176
Inversor
Corporación Inversor
178
Fundraising Funds
Bamboo Financial Inclusion Fund II
Bamboo Finance
180
Sethos Capitalia, Compartimento de Impacto y
Desarrollo
Capitalia Colombia
182
Socio de los empresarios que se atreven a crecer.
www.bancoldex.com
Bogotá Phone
National Phone
(+57 1) 742 0281
01 8000 18 0710
THE CATALOGUE OF
PRIVATE EQUITY AND
VENTURE CAPITAL
IN COLOMBIA.
In 2009, Bancóldex, in its search for ways to complement financing of companies through capital, created a
program for investment in private equity and venture
capital funds called Bancóldex Capital. The main objectives of the program have been: 1) to offer alternative
means for long-term company financing through capital,
2) to contribute to the development of private equity and
venture capital funds in Colombia and, 3) to attract new
private, public, local, and foreign investors that are
interested in participating in companies through these
financing structures.
Bancóldex Capital works on two fronts. The first is financial support that consists of participating as an investor
(LP) in private equity and venture capital funds, through
which eight investment commitments have been made
for USD 31.6 million. This investment allowed Bancóldex
to multiplied it´s resources 11.4 times, supporting 56
companies, 44 of which are Colombian.
The second front is non-financial support, which aims to
promote the private equity and venture capital industry.
Results Bancóldex Capital
8
USD 31.6 million
INVESTMENT
COMMITMENTS HAVE BEEN MADE FOR:
MULTIPLIED:
11.4 times
SUPPORTING:
44
Colombian
56 companies
6
| Bancóldex Private Equity and Venture Capital 2015 - 2016
The International Program for
Private Equity and Venture Capital
2
130
EDITIONS WITH MORE THAN:
participants
WITH THE PRESENCE OF THE
RENOWNED HARVARD PROFESSOR:
Josh Lerner
For this, Bancóldex has developed a series of activities,
outlined in a cooperation agreement with MIF-IDB that
seeks to provide tools to each actor in the industry.
Among these activities are: The International Program
for Private Equity and Venture Capital, which has trained
more than 130 participants in its two editions. The third
event will take place on March 28th -29th 2016 with
the presence of the renowned Harvard professor Josh
Lerner. The Venture Forum aims to connect companies
and entrepreneurs with potential investors. The events
have achieved an attendance of 380 people, have
trained more than 40 companies, and have made
connections between these companies and potential
investors, resulting in investments for more than USD 3
million in four companies. Other activities carried out by
Bancóldex in order to build the ecosystem are: outreach
over 40 potential investors, sponsor 7 events aiming to
promote the private equity and venture capital industry,
at a local and international level, and the continuous
training of businesses and other stakeholders.
During the last five years, Bancóldex has developed the
catalogue of private equity and venture capital, with the
initial support of the Ministry of Trade, Industry, and
Tourism, and from 2012 with the economic support of
MIF outlined in the previously mentioned agreement,
with the aim of promoting the private equity and venture
capital industry and offer Colombian SMEs new sources
of financing through capital.
In 2010, the first venture capital fund was reported in
Colombia, and by 2013, three more funds of this type
had been created. In the 2015-2016 version of the
catalogue, there are nine venture capital funds, four of
which are in the process of fundraising with a goal of
raising USD 103 million for investment in Colombia and
the region, and five are closed with investment commitments for USD 144 million to invest in Colombia and the
region, this shows a positive dynamic of growth that is
prevalent in this type of funds.
This year we have included an Impact Category, that
includes six funds operating in Colombia, four of which
are closed with investment commitments for USD 276
million, and two are in the process of fundraising with a
USD 212 million goal. This category will allow companies offering not only financial profitability but also
social profitability, in terms of support generated in their
communities, the opportunity to find new sources of
financing. Similarly, investors interested in diversifying
their portfolio by including social profitability as an
important factor in their investment decisions may find
additional alternatives for their portfolios in this section.
Closed Fund: A capital fund that has already finished its process of
obtaining resources or investment commitments.
2
Fund in Fundraising: A capital fund that is in the process of obtaining
investment commitments.
3
These figures reflect the total amount of investment commitments
reported in the catalogue, however they do not reflect the total figures of
the private equity and venture capital industry of Colombia.
1
Venture Forum
380
ATTENDANCE OF:
people
TRAINED MORE THAN:
40 companies
AS A GUIDE FOR READING THIS CATALOGUE, WE
RECOMMEND LOOKING IN THE TOP RIGHT HAND
CORNER, WHICH WILL INDICATE THE STATUS OF
THE FUND – WHETHER IT IS CLOSED OR IN THE
PROCESS OF FUNDRAISING.
CONNECTIONS BETWEEN THESE COMPANIES AND
POTENTIAL INVESTORS, RESULTING IN INVESTMENTS FOR MORE THAN:
USD
3 million
7
In 2010, the first catalogue showed 11 closed funds1
that had investment commitments for USD 924 million.
Additionally, 19 funds were in the process of fundraising2, aiming to acquire capital for USD 1,447 million. The
current catalogue3 (2015-2016) has 46 closed funds,
with capital commitments for USD 13,050 million for
investment not only in Colombia but also in the region,
which represents a growth rate of 318% in the number
of closed funds. There are 34 funds in the process of
fundraising in the current catalogue (2015-2016) and
their goal is to raise USD 6,387 million for investment in
Colombia and the region. This represents a growth of
79% in the number of funds in the process of fundraising.
NEWSLETTER
Australis Partners
Asset management firm focused on
regional Private Equity primarily in
Colombia, Mexico, Peru and Chile. The
investment professionals of Australis
Partners have invested in Latin America
for the last 17 years, with 18 completed
investments since 1998.
Throughout these years, the investment
professionals of Australis Partners have
gained industry expertise in different
sectors including Agribusiness, Food,
Retail, Industrials, Financial Services,
Telecom, Natural Resources, Energy,
Real Estate and Infrastructure
Development, among others.
Contact Information:
Juan Pablo Pallordet - Partner.
Australis Partners
745 Fifth Avenue, 14th floor
New York, NY10151
Tel: (917) 309-9130
[email protected]
Advent Latin America Private
Equity Fund VI
In 2014 and through the first half of
2015, Advent invested in nine Latin
American companies: (i) United
Medical, a group of pharmaceutical
8
companies that is focused on the
critical care market in Brazil (United
Medical is an add-on for Biotoscana,
a pharmaceutical company based in
Bogotá, Colombia, and majority
owned by Advent International); (ii)
Alianza
Fiduciaria,
Colombia’s
largest independent trust and custody services provider; (iii) Alianza
Valores, Colombia’s leading independent brokerage house; (iv) GTM –
Grupo Transmerquim, a leading
transnational distributor of chemicals raw materials in Latin America;
(v) Cataratas do Iguaçu, the largest
concessionaire and operator of
services in national parks in Brazil;
(vi) Allied, leading independent
marketer and provider of technology
products in Brazil; (vii) Faculdade da
Sierra Gaucha Group, a leading
private education company in the
south of Brazil; (viii) Grupo Financiero Mifel, leading Mexican mid-sized
bank serving the mass-affluent retail
segment and small and medium-sized companies; and (ix) Lifemiles B.V., one of the largest and
fastest-growing loyalty coalition
programs in Latin America. During
the same period, Advent fully
realized its investments in four Latin
American companies: Atmosfera,
Monte de Mexico, Kroton and Cetip.
The Fund ended the investment
period in 2012. Currently it is
starting to explore the first disinvestment.
In 2014, the Fund invested in three
companies completing 7 portfolio
companies in different sectors of the
economy. Currently the Fund is
analyzing new investment opportunities.
Amerigo Ventures Pacífico
The fund management locally is split
since January between Daniel
Martin and Ivan Feito. In this period
the fund made an investment in the
company Enmedio, which can be up
to 4,000 million pesos.
Bricapital
In December of 2013, Bricapital
made its first investment in the Hyatt
Regency Hotel located in the city of
Cartagena, acquiring 26.7% of the
fiduciary rights to the asset.
Certo S.A.
(brand name: NXTP Labs)
NXTP Labs has been selected as a
valuable case study as a model for
business management and innovation by the prestigious Harvard
Business School (HBS). The case is
entitled "NXTP Labs: An Innovative
Accelerator Model" and was written
by Josh Lerner, Maria Fernanda
Miguel and Laura Urdapilleta.
Energético Andino
In February 2, 2015, Compartment C
operating activities began successfully. Fundrising Process ended
successfully (Fund size: USD 40
million)
Escala Capital
Having closed the investment period
in March 2013, and thus having
stopped investing in other companies, there were no significant
changes between 2014 and 2015,
other than the evolution of the
Fund's portfolio companies.
Fondo de Capital Privado por
It was closed the Compartimento Cp
val Eléctrico Colgener.
Fondo de Capital Privado Futuro
Inmobiliario Compartimento I
The Fund’s 1st Compartment investment period ended during the third
quarter of 2015 and the second
Compartment is being marketed
with the same investment thesis.
Colombian Investment in
Hydrocarbons Fund
The Colombian Investment in Hydrocarbons Fund (“Fund”) made an exit
of all its projects during 2014/2015.
Including distributions of results
from the project´s cash flow and the
revenues from the sale transaction,
the Fund generated USD 524.9
million with an investment of USD
292 million. The gross IRR for the
three phases of the Fund altogether
was 26% and 17% net.
Recently, the Fund acquired through
the Compartment One - two logistic
assets in Mosquera (Bogota Metropolitan Area) for approximately USD
6 million. Currently, the Fund is in the
acquisition process of assets worth
USD 13 million.
Additionally, the Fund is exploring
alternatives to create new investment vehicles to fund real estate
development projects, under a
strategy consisting of three phases;
i) acquisition of projects / assets
through payments during construction stage, ii) stabilization of projects,
and iii) sale of properties once stabilized.
Linzor Capital Partners III, L.P.
Jean Bernard Ide, who is based in
the Mexico office, was promoted to
partner. Linzor closed its third fund
with US$621mm of committed cap.
MGM Sustainable Energy Fund, L.P.
energy efficiency and distributed
generation in Mexico, Colombia,
Costa Rica and Panama.
Representative office in Medellin,
Colombia.
Nexus Inmobiliario
Since September of 2014, three
compartments have initiated their
operations.
P2 BRASIL Private Infrastructure
Fund III
• Opening of the first investment
office outside of Brazil in Bogota /
Colombia, for all of the Latin American region;
• Raising of the Private Equity Fund
V for a total amount of 1.8 billion
dollars
• Raising of the Infrastructure Fund
III for a total amount of 1.6 billion
dollars
• Raising of the Real Estate Fund III
for a total amount of 800 million
dollars
• Raising of the PIPE Fund I for a
total amount of 170 million dollars
• Opening of Investor Relations
offices in Santa Monica and Dubai
Progresa Capital
• Progresa finished its investment
period in April 2014.
• GP is currently fundraising for an
Early Growth Fund, targeting USD
50 million.
• The Fund will invest in three
sectors: Information and Communication Technologies, Life Sciences
(including
Biotechnology)
and
Applied Engineering.
• GP hired a new investment
manager, with expertise in the life
sciences sector.
Juan Pablo Ortiz joined Southern
Cross Group as a Principal in 2015
• Successful conclusion of fundraising (January 2015).
• Closure of four investments in
9
Cartagena has positioned itself as
one of the favorite tourist destinations in Latin America, and continues
to be the principal destination for
conventions and business events in
Colombia. Cartagena enjoys the
highest hotel rates and occupancy
levels in Colombia, in part due to the
city’s offerings in cultural events,
tourist sites, convention infrastructure and mixed-use real estate
developments. The Hyatt Regency
Hotel will feature 261 rooms on 16
floors. Additionally, the mixed-use
project will have nine floors of luxury
residences, a meeting room, a spa,
gym, restaurant, swimming pool and
a business center. The hotel is
expected to open in August of 2015.
Teka I
In 2015, Teka Capital has remained
active in the execution of successful
value creation strategies, working
alongside the management teams of
its portfolio’s companies.
Tribeca
For Tribeca, the 2014-2015 period
was very important given the excellent
results from the exits of various of its
portfolio companies.
In first place, during the third quarter of
2014, Tribeca reported the exit of the
investment in Sociedad Portuaria El
Cayao, the company in charge of
building and operating the first LNG
regasification terminal in Colombia,
which is currently being built near
Cartagena, in the country’s Atlantic
Coast. This exit generated a gross
multiple of invested capital of 1.4x and
a gross IRR of 20%.
In second place, during the first quarter
of 2015, Tribeca reported the exit of
the investment that the Tribeca TC
Dorado had in OTCA, the operator of
the cargo terminal of El Dorado Airport
in Bogotá. This exit generated a gross
a gross IRR of 23%.
In third place, during the second
quarter of 2015, Tribeca reported the
exit of the investment that the Tribeca
Energy Fund had in Termocandelaria
Power Limited, Colombia’s fifth largest
energy generator in terms of installed
capacity. This exit generated a gross
a gross IRR of 17%.
Finally, also during the second quarter
of 2015, Tribeca reported the exit of
the joint investment that it had with
Cuestamoras, a family office from
Costa Rica, in Bogotá Beer Company,
Colombia’s leading producer of craft
beer and pub operator. This exit, which
occurred after only two year of the
10
entry, generated a gross multiple of
invested capital of 1.8x and a gross
IRR of 30%.
With these exits, Tribeca has now
returned to its investors a total of USD
457 MM, which represent 1.1x its
capital commitments. This makes
Tribeca one of Colombia’s private
equity funds that have returned the
most equity to their investors.
In terms of organizational structure, in
January of 2015 Tribeca hired two new
analysts. Ivan Florian, who joined as a
junior investment analyst, was hired
from Banco Santander in Colombia,
where he was an investment-banking
analyst. Previously, Mr. Florian worked
as an analyst for the investments
division of Corficolombiana. Mr. Florian
holds a B.A. in Business Administration
from Universidad de los Andes. Andrea
Tirado, who also joined as a junior
investment analyst, was hired from
Avianca, where she was a cash flow
planning analyst. Previously, Miss. Tirado
worked as a business development
analyst for Tiger Companies in
Colombia. Miss. Tirado holds a B.A. in
Business
Administration
from
Universidad de los Andes and is about
to obtain a post-graduate degree in
Finance from the same university.
Valorar Futuro
The fund has currently invested all of
its resources and is now focused on
strategy execution and value
creation for portfolio companies.
ANCLA 360 I
Fiduoccidente S.A. was selected as
the Fund’s administrator. The Fund’s
prospectus was approved by the
Financial Superintendence.
Expansión Valorar Futuro
The fund has a pipeline of possible
investments that accomplish its
focus and strategy for a portfolio
companies.
CFC-SK ElDorado LATAM Fund, L.P
First Closing executed in February
2015; first investment executed in
September 2015
Terranum Capital Latin America
Real Estate Fund II
During the second quarter of 2015
the fund had its first closing.
VICTUS
• In June 2015 Sembrador Colombia
S.A.S was created, who will be the
company's administrative support
Sembrador S.p.A (GP).
• The fund was approved by the
Superintendecy of finance last July
31.
Bamboo Financial Inclusion Fund
S.C.A., SICAV-FIS
During the second half of 2014,
Bamboo
Finance
successfully
closed an investment in Brazil Plus, a
company dedicated to SME finance
in Brazil. During the same period the
fund exited from Financiera Nueva
Visión in Peru, a microfinance institution whose operations are mainly
focused in the south of the country.
Bamboo Finance Oasis Fund
S.C.A., SICAV-FIS
The Oasis Fund recently received
one of the highest scores in GIIRS
rating among all of the impact investment funds evaluated.
Since being founded in July 2012, the Colombian Association of Private Equity - ColCapital, has focused on
fostering, developing and promoting the integrated
needs of private equity funds industry in Colombia.
THE MAIN BENEFITS AS MEMBERS ARE:
Access to an extensive network of industry contacts,
increased business opportunities for members.
ColCapital brings together various industry participants
including Associates - general partners, and Affiliates professional services firms pursuing the common goal to
achieve development for the Private Equity industry in
Colombia. On November 2015 ColCapital has 86 members, 39 Associates and 47 Affiliates.
Access to timely and reliable information about the
industry and its main trends.
The Association also aims to increase the flow of capital
into industry through the promotion and participation of
the local and global investment community as well as
position and promote the industry among other actors in
the economy and relevant stakeholders. Alternatively,
ColCapital promotes best practices in the industry for
managing professional and academic knowledge, as well
as disseminating significant information about development.
Access to publications and specialized documents.
Admission to ColCapital and third parties events.
Visibility in media and ColCapital communications.
Access to training in relevant topics regarding
private equity industry.
Access to the regulatory framework and its major
changes and legal concepts developed exclusively
for the industry.
Access to one on one connection with the industry
players.
Contact information
www.colcapital.org
María Isabella Muñoz Méndez
Executive Director ColCapital
[email protected]
11
INFRASTR
RUCTURE
INFRASTRUCTURE
FUNDS
Description of the general partner
Description of the fund
The General Partner has two sponsors:
FINTRA, the fund managed by the General Partner, can
structure investments with subordinated debt/mezzanine structures or equity (minority or control), in
infrastructure and related sectors in the countries and
terms listed below.
• Darby Overseas Investments Ltd is a pioneer in private
equity investments in emerging markets with more than
150 investments and USD 3 billion in cumulative capital
commitments.
• Grupo Colpatria, a financial conglomerate with more
than USD 15 billion in assets under management and
investments in banking, insurance, construction,
infrastructure, pensions, mining, energy and private
equity.
Contact information
María Mercedes Prado
Managing Director
[email protected]
[+57 1] 313 1188
14
www.darbyoverseas.com
State of fund:
Closed
Fund name
Fondo de Infraestructura en
Transporte - FINTRA
Fund Director
María Mercedes Prado
Fund administrator
Fiduciaria Corficolombiana
Fund size
COP $161 billion - USD 83 million
*Exchange rate 30th Sept. 2015: COP $3.121,94
First closing date
Investment period (final date)
Final closing date (term years)
August 2010
August 2014
August 2020 (20 years)
Company annual sales, in which the fund
invests
Number of companies / participations
realized (exits)
• The largest company of the portfolio
company has annual sales exceeding
USD 1.5 trillion.
N.A.
• The second largest company has sales
exceeding $ 500 million annually.
N.A.
Fund's investment policy
Regional focus/ Countries
Colombia, Peru, Central America and
the Caribbean.
Preferred economic sectors
• Roads
• Energy
• Ports/Airports
• Logistics
• Urban transportation
• Related infrastructure
General description of the type of
companies in which the fund invest
Companies, concessions or projects
related to infrastructure.
Stage of the companies in which the fund
invests
Early stage, high-growth or mature.
FINTRA invests in mature companies or
greenfield and brownfield projects.
Type of fund
Private Equity / Infraestructure.
• The following two companies have
annual sales of us $ 50 million, and $
25 million respectively.
Total Multiple of Invested Capital of realized
companies (consolidated)
Fund´s Internal Rate of Return (IRR) of
realized companies / participations
(consolidated)
N.A.
Minimum / maximum fund investment by
company
Smaller investment was $ 10 million,
and the larger ticket was USD 25.
Shareholding of the fund in the company
The fund has minority interest positions
with corporate governance agreements
that give protection in major decisions.
Number of companies in which the fund has
invested
4
15
INFRASTRUCTURE FUNDS
Fund
information
Brookfield Asset Management Inc. (Brookfield ) is a
company dedicated to the professional management of
real assets and private funds of investing, focused
primarily in the areas of infrastructure, energy, real estate
and special situations.
Fondo de Capital Privado de Infraestructura Brookfield
Colombia is focused on infrastructure investments in
Colombia in the sectors of energy, transport and utilities.
Brookfield is listed on various stock markets like the
NYSE, TSX and Euronext Amsterdam.
Contact information
Carlos David Castro
Senior Vice President & General Manager
[email protected]
16
www.brookfield.com
Andrés Cump
Senior Vice President
[email protected]
[+57 1] 742 7377
Fund name
Infraestructura Brookfield
Colombia
State of fund:
Closed
General Partner
Brookfield Asset Management
Barbados Inc. Sucursal Colombia
Fund Director(s)
Fund administrator
Alianza Fiduciaria S.A.
Final closing
COP $710.2 billion USD 227.50 million
Sam Pollock
Benjamin Vaughan
Carlos David Castro
Andres Crump
Percentage available for investment
in companies
N.A.
First closing date
September 2009
September 2013
12 years
• Sales grow at high rates
Mature Companies
• More than 5 years of operation and
more than 50 employees
With possibility of extending the deadline twice for periods of
one year.
Colombia.
• Generation, transmission and
distribution of electrical energy
• Transport infrastructure (roads, ports,
airports), hydrocarbon infrastructure,
pipelines, storage station
• Other infrastructure projects
Companies that provide essential
services:
• In markets with high barriers to entry
(natural monopolies, concessions,
existence of long term contracts)
• Low volatility cash flows
• High operating margins
• Having organic and/or inorganic
growth opportunities
invests
Early stage: Infrastructure Projects with
designs and licenses approved or in
advanced stages of obtaining approval.
Growth Companies
• More than a year on the market
Type of fund
Infraestructure
N.A.
(consolidated)
N.A.
invests
Annual sales greater than USD $16.4
million
company
Minimum of USD$40 million
Majority or significant minority with
shareholders´s agreement
invested
1
realized (exits)
0
17
Fund
information
Ashmore Management Company Colombia (“Ashmore
Colombia”) is a subsidiary of the London Stock
Exchange listed Ashmore Group plc, a specialist Emerging Markets investment manager with total assets under
management of USD 58.9 billion as of 30 June 2015.
Ashmore I - FCP Colombia Infrastructure Fund (the”
Fund”), is a closed and long-term private equity fund that
makes infrastructure investments in Colombia. The Fund
is managed by Ashmore Colombia (Professional Manager) to make mainly equity or quasi-equity investments in
a diversified portfolio of infrastructure related projects
and companies in Colombia.
Ashmore Colombia is a company specialized in management of private equity funds; it acts as a professional
manager of Ashmore I-FCP Colombia Infrastructure
Fund.
Contact information
Camilo Villaveces
President
[email protected]
[+57 1] 347 0649
18
www.ashmoregroup.com
Fund name
Ashmore I - FCP Colombia
Infrastructure
Final closing
State of fund:
Closed
General Partner
Ashmore Management Company
Colombia S.A.S.
Fund administrator
Fund Director(s)
Camilo Villaveces
Roberto Pérez
in companies
16%
First closing date
July 2010
December 2015
15 years and 5 months
(v) telecommunications and satellites:
fixed, wireless, cellular, satellite and
voice and/or data; (vi) garbage and solid
waste management; (vii) infrastructure
logistics, such as cargo terminals, (viii)
social infrastructure (hospitals,
multipurpose infrastructure, etc.).
invests
10
Colombia.
Transportation, electrical power, gas and
oil, water, telecommunications and
satellites, garbage and solid waste
management, infrastructure logistics
and social infrastructure.
Infrastructure projects related to, or
services associated with, the following
sectors: (i) transportation: land, rail, air,
port (maritime and river, and the
infrastructure necessary for navigation),
mass transit; (ii) electrical power:
generation, distribution and
transmission; (iii) gas and oil: including
without limitation transportation,
distribution, and transformation
(fractionation, gasification, liquefaction,
etc.), excluding exploration when this
activity is the main purpose; (iv) water:
treatment of wastewater, potable water
(distribution, transportation, production),
irrigation districts;
The Fund may not directly or indirectly
invest more than 50% of (i) the total
investment commitments existing at the
time at which the investment committee
makes the decision to invest, to develop
new or greenfield infrastructure
projects.
Type of fund
Infraestructure
invests
Majority and minority. In any case, the
Fund should always be a shareholder
with the capacity to influence in the
decisions.
invested
realized (exits)
1
1.99x Lazus Colombia S.A.S
(consolidated)
Up to June 30, 2015 net lRR 23.10%.
gross lRR 28.40%.
N.A.
company
COP $57.9 billion - USD 18.55 million.
19
Fund
information
Nexus Capital Partners is a manager of private equity
funds focused in venture capital investments, in new or
established projects with high profit potential. Nexus
seeks to maximize returns for their investors as well as
contributing with the economic development of the
region, for which it has a highly qualified team and extensive experience and recognition in managing, structuring
and financing projects.
The Private Equity Fund “Nexus Infraestructura I FCP” is
the first fund managed by Nexus Capital Partners. The
objective is to generate attractive returns for their investors, through investments in either greenfield or brownfield infrastructure projects that offer an interesting
return potential.
Nexus Capital Partners is the GP of the Fund “Nexus
Infraestructura I”, which participates in important
infrastructure projects in Colombia and the region.
Contact information
Daniela Postarini
Investment Director
[email protected]
[+57 1] 321 9838
20
Alejandra Torres
Investment Director
[email protected]
[+57 1] 321 9838
In addition to contributing to the development of
infrastructure in Colombia and the region, the fund
broadens the portfolio of available financing options in
the market by investing in different projects, or issuing
mezzanine debt.
Fund name
Nexus Infraestructura I FCP
Final closing
State of fund:
Closed
General Partner
Fund administrator
Fund Director(s)
Peter Grossich
Carlos Vergara
Maria Isabel Patiño
in companies
0%
First closing date
October 2009
December 2013
October 2019 (10 years)
Type of fund
South and central America and the
Caribbean, mainly Colombia and Perú.
Infrastructure.
(consolidated)
invests
• Massive transportation systems.
• Airports.
• Energy.
• Road infrastructure.
COP $20 billion /
COP $200 billion.
USD 6.4 million /
USD 64 million.
company
- High growth potential in traffic or
demand.
- Companies or projects that are being
developed with proven technologies.
- Projects with strategic investors, that
may offer competitive advantages,
which, summed up with those provided
by the GP, will contribute to the
maximization of the return over
investment.
-Projects or companies with a solid
corporate governance structure.
invests
Seed and Growth.
N.A.
N.A.
Majority and minority.
invested
7
realized (exits)
0
N.A.
21
Fund
information
Ashmore CAF Management Company S.A.S is an investment manager whose shareholders are Ashmore Group
plc, which is a specialist Emerging Markets investment
manager with total assets under management of USD
58.9 billion as of 30 June 2015; Ashmore Management
Company Colombia S.A.S, that acts as the professional
manager of Ashmore I - FCP Colombia Infrastructure
Fund I; and Corporación Andina de Fomento (CAF), one
of the main development banks in Latin America.
The Ashmore I - CAF Colombian Infrastructure Senior
Debt Fund (Fund) is a fund focused on providing debt to
infrastructure projects in Colombia, especially fourth
generation program road concessionaries.
Contact information
Camilo Villaveces
President
[email protected]
[+57 1] 347 0649
22
Fund name
Ashmore I - CAF Colombian
Infrastructure Senior Debt Fund I
State of fund:
Fundraising
General Partner
Ashmore CAF Management Company
Colombia S.A.S.
Fund administrator
Shareholders:
Ashmore and Development Bank of Latin America
Fund Director
First closing
Fund size objective
COP $1.5 trillion - USD 480 million
COP $3 trillion - USD 961 million
in companies
Camilo Marulanda López
N.A.
First closing date
Pending
Pending
25 years
Colombia.
Infrastructure.
The Fund attempts to finance 4G road
plan concessions and other projects
that meet the requirements of Decree
816/2014 related to infrastructure
sectors (transportation, energy, gas,
water, waste management and logistics
infrastructure, among others).
company
- Minimum investment: credits are
granted for at least 5% of the totality of
investment commitments.
- Maximum investment: credits are
granted for up to 25% of the totality of
investment commitments (this varies
depending on the stage of development
of the project).
N.A.
invested
invests
N.A.
The fund may finance a project in any
stage of development (from
construction to the operation stage).
realized (exits)
Type of fund
Infraestructure.
invests
N.A.
N.A.
N.A.
(consolidated)
N.A.
23
Fund
information
CFC-SK ElDorado LATAM Capital Partners is jointly
owned by Corficolombiana and SK Group. Corficolombiana is part of Grupo Aval, the largest financial group in
Colombia. It is a leading investor in the infrastructure and
energy sectors. SK Group is one of the largest conglomerates in Korea, with operations in the energy, telecom,
and infrastructure sectors among others.
CFC-SK ElDorado LATAM Fund is a private equity fund
that targets the infrastructure and energy sectors, where
the founding groups have extensive track records. It
seeks companies based primarily in Colombia, Peru,
Mexico and Central America. The fund targets both
greenfield and brownfield companies.
It currently has USD100 million in capital commitments
and is seeking a total USD 500 million.
Contact information
www.eldoradolatamfund.com
Juan Pablo Ospina
Manager
Juan Pablo Crane De Narvaez
Managing Director
[email protected]
[+57 1] 745 8918
[email protected]
[+57 1] 745 8918
23
Fund name
CFC-SK ElDorado LATAM Fund, L.P
State of fund:
Fundraising
General Partner
CFC-SK ElDorado LATAM
Capital Partners Ltd
Fund administrator
Key persons
N.A.
Juan Pablo Ospina
Juan Pablo Crane
First closing
Fund size objective
USD 100 million
USD 500 million
in companies
First closing date
February 2015
January 2020
2025 (10 years)
60% of first closing
Colombia, Peru, Mexico, Chile, Central
America.
operating companies with revenues over
US$30 million.
company
Infrastructure and energy.
USD 25 million / 75 Million
The fund targets investments in
infrastructure, in assets such as roads,
ports, and airports, as well as energy in
assets including pipelines, power
generation, and processing plants,
among others. The fund seeks middle to
large sized companies based in
Colombia, Peru, Chile, Mexico and
Central America. The fund partners with
highly proven constructors/operators.
invests
Greenfield and brownfield companies.
Type of fund
Infraestructure.
Majority and Minority.
invested
1
realized (exits)
0
N.A.
(consolidated)
N.A.
invests
Greenfield projects with capital
requirements over US$100 million and
25
Fund
information
Company incorporated in 2015, in charge of the
investment allocation and portfolio management
services of the compartment “Deuda Privada
Infraestructura I” of the private infrastructure debt fund
“FCP 4G | Credicorp Capital – Sura Asset Management”.
The purpose of the compartment “Deuda Privada
Infraestructura I” of the private infrastructure debt fund
“FCP 4G | Credicorp Capital – Sura Asset Management”,
is to provide long-term debt financing to Colombian
toll-road infrastructure projects, structured under the
framework of public-private partnerships, regulated by
Law 1508 of 2012 and awarded by the Colombian
infrastructure
agency
(Agencia
Nacional
de
Infraestructura) in 2014 and 2015.
The business objetive of the company is to provide
investment advisory services for the professional
management of investments in the financing of
Colombian infrastructure projects.
Contact information
Mario Dib De Castro
Legal Representative for Investment Advisory Services of the General Partner
[email protected]
[+57 1] 236 1600
26
www.credicorpcapital.com :: www.sura-am.com
First closing
State of fund:
Fundraising
Fund name
General Partner
FCP 4G | Credicorp Capital – Sura Asset
Management, Compartimento Deuda
Privada Infraestructura I
Unión para la Infraestructura S.A.S.
Fund administrator
Fund Director
Credicorp Capital Colombia S.A.
Mario Dib De Castro
Fund size objective
in companies
Fund size at COP 1 trillion - USD 320.31 million Target COP $2 trillon - USD 640 million
100%
First closing date
November 2015
November 2018
23 Years
Type of fund
Colombia.
Infraestructure.
invests
PPP projects structured according to
Law 1508 of 2012 – 4G Toll-Road
Concessions.
Long-term debt financing to Colombian
toll-road infrastructure projects,
structured under the framework of
public-private partnerships, regulated by
Law 1508 of 2012 and awarded by the
Colombian infrastructure agency
(Agencia Nacional de Infraestructura) in
2014 and 2015. The financing may be
granted to concession companies,
special purpose vehicles or trust
companies created for such purposes.
invests
Start-up - Structuring and granting of
financings and loans for the
construction of 4G toll-road projects in
Colombia.
N.A.
company
Maximum: 30% fund size.
Structuring and providing financings and
loans.
invested
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
27
Fund
information
Contact information
Miguel Ángel Zavala
Manager
[email protected]
[+345] 952 85 7528
28
www.novarecap.com
State of fund:
Fundraising
Fund name
Nova renewable Energy latin
America LP
General Partner
Nova Latin America GP LP
Fund administrator
GT
First closing
Fund size objective
in companies
USD 100 million
USD 350 million
First closing date
March 2016
March 2021
March 2026
20%
South America, Chile, Colombia, Perú.
invested
N.A.
Renewable Energy.
realized (exits)
N.A.
Impact investment in Renewable
Energy: Wind, Hhydro, Solar and
Biomass.
invests
Mature Greenfield Startup.
N.A.
(consolidated)
12% - 15%
Type of fund
Infraestructure.
invests
N.A.
company
USD 5 million / USD 50 million.
Majority and Minority.
29
Fund
information
REAL E
ESTATE
REAL ESTATE
FUNDS
AVENIDACAPITAL
Avenida Capital LLC is a private equity real estate investment advisor with offices in Bogota and New York City.
The company manages opportunistic fund and direct
equity investments across select property types throughout Latin America. Since its founding in 2006, the firm
has committed capital both as principal and on behalf of
its investors to residential, retail and mixed-use projects
in Colombia, Brazil, Chile and Panama.
The principals of Avenida Capital have over 140 years of
combined investment management experience and have
executed over USD 1.5 billion of real estate transactions.
Avenida Capital offers deep knowledge and operational
experience aimed at creating innovative and sustainable
projects that create value for both its investors and local
partners, and contribute to the vitality of the urban
environment.
Contact information
Alexander Chalmers
Managing Director
[email protected]
[+1] 212 220 5856
32
Currently, the company manages two opportunistic real
estate funds with a single country strategy focused on
the development of retail, residential and mixed-use
assets in Colombia.
Avenida Colombia Real Estate Fund I, LLC, the Fund,
seeks to generate superior risk-adjusted returns by
investing in a diversified portfolio of high-quality real
estate assets in Colombia, primarily focusing on the
development of retail, residential and mixed-use projects.
The Fund’s strategy is focused in investing in a portfolio
of real estate assets diversified by geographic location,
project type and local developer partner.
www.avenidacap.com
Fund name
AVENIDACAPITAL
Final closing
USD 140.2 million
State of fund:
Closed
General Partner
Avenida Colombia Real Estate
Fund I, LLC
Fund administrator
Fund Director(s)
SS&C Technologies Inc.
David Smilow
Michael Teich
Alexander Chalmers
in companies
N.A.
First closing date
December 2012
December 2017**
Colombia.
Majority position.
invested
• Real Estate.
The Fund invests in the development of
residential, retail and mixed-use projects
in the main and secondary cities of
Colombia.
invests
N.A.
Type of fund
Private Equity Real Estate.
17 projects.
realized (exits)
3 projects – (USD $38.0 million)**
2,1x**
(consolidated)
43,5%**
invests
N.A.
company
The average equity range for an
individual project can be between USD
5 - 25 million.
**Update by the general partner
33
REAL ESTATE FUNDS
Fund
information
Fiduciaria Bancolombia S.A. is a specialist in the
management of investment funds and individual investment portfolios, and development of fiduciary businesses
in Colombia. It has a highly qualified human and professional team adding value through the development of
fiduciary alternatives, with an integral risk management.
With over 18 years of experience in Colombian market,
makes part of the Bancolombia Group, one of the
leading financial conglomerates in the country, having
more than 130 years of experience in financial services
of various kinds, and having presence in Panama, Puerto
Rico, El Salvador, Peru and the United States. Its growing
market share and acknowledgement in international
financial markets has consolidated our economic group
as a major player in the Region.
The Fondo Inmobiliario Colombia (FIC) is a private-equity
fund, set up as a collective investment fund, both leveraged and long-term, aimed at investors with a medium-risk-profile. This is an excellent investment option on
the real estate sector, without the operation that implies
the direct management and acquisition of real estate
properties and projects, since the management of the
properties is delegated to the fund. Its securities are
registered at the Colombian Registry of Securities and
Issuers (RNVE) as well as the Colombian Stock
Exchange (BVC), and although they are not currently
traded, it allows obtaining liquidity and facilitating the
transfer process.
Contact information
Yarleidy Lopera Jaramillo
[email protected]
[+57 4] 4041209
34
www.fiduciariabancolombia.com
State of fund:
Closed
Fund name
Fondo Inmobiliario Colombia
Fund Director
Santiago Uribe López
Fund administrator
Fiduciaria Bancolombia
Final closing
COP $1.514,7 billion USD 605 million
in companies
N.A.
First closing date
October 2008
Additional investment periods can be open by a recommendation
from the Investment Committee.
invests
N.A.
N.A.
Type of fund
(consolidated)
But may be extended for additional periods of 10 years with
the prior consent of its General Assembly of Investors
Colombia / All regions.
• Real State.
• Stabilized properties, it means
properties with a high occupancy rate
and stabilized operating expenses.
• Real Estate with high qualities and
better specifications which are located
on an attractive zone.
• Properties which are in the principal
cities in Colombia.
• Forward purchases (properties under
construction).
• Built to suit real estate projects,
designed and built with the specific
needs of the prospective lessee.
• Development of real estate projects
with a Sale & Lease Back contract.
• Properties that imply a moderate
intervention or a higher level of
commercial management in order to
rent vacant space.
Real State.
invests
7,6% - 8,5%
N.A.
company
Minimun: COP $ 20 billion.
USD 6.4 million.
Majority.
invested
180
realized (exits)
N.A.
35
REAL ESTATE FUNDS
Fund
information
Quadras S.A.S. is a company formed by Pienssa S.A.S.
and Prodesa S.A. Pienssa’s partners have over 30 years
of combined experience in Investment Banking and have
participated in the structuring and management of real
estate funds. Prodesa’s partners have 25 years of experience in developing real estate projects in Colombia and
U.S.A.
Futuro Inmobiliario Fund enabled investors to participate
in all of the real estate value chain by investing in
projects that go anywhere from the acquisition of raw
land to its final development. Value creation will come
from land entitlement and zoning improvement, redevelopment and /or construction in well-located high quality
real estate, in growing supply-constrained markets in
Colombia.
Contact information
Dorothea Bickenbach
Fund Manager
[email protected]
[+57 1] 345 9943
36
www.pienssa.com
Fund name
Futuro Inmobiliario
Compartimento I
Fund administrator
Final closing
COP $46 billion - USD 23.9 million
State of fund:
Closed
General Partner
Quadras S.A.S.
Fund Director(s)
Dorothea Bickenbach
Alejandro Ferrer
Juan Antonio Pardo
Mauricio García
Carlos Alfredo Vargas
in companies
*Exchange rate 23rd Aug. 2013: COP $1.921,99
0%
First closing date
August 2013
November 2015
10 years
Colombia.
Majority.
invested
• Construction.
• Housing.
5
realized (exits)
The fund invests in land for the
development of low income (VIS and
VIP) and middle income housing
projects in Colombia.
invests
0
N.A.
Raw or entitled land.
(consolidated)
Type of fund
18% net for equity investors.
Real Estate.
invests
N.A.
company
Maximum: COP $15 billion.
37
REAL ESTATE FUNDS
Fund
information
Inverlink Estructuras Inmobiliarias is a subsidiary of Inverlink S.A., created with the objective of managing real
estate private equity funds. The firm stands out because
of its highly qualified team, rigorous investment process,
and alignment with investors’ interests due to their significant investment in the Fund.
In November 2007, Inverlink launched the first private
equity real estate fund in Colombia, with the objective of
creating a diversified commercial real estate portfolio of
industrial, office and retail properties. Through its Special
Investment Vehicles (compartments - currently three), the
Fund has the ability to expand its investment scope in the
real estate sector to capture different opportunities
depending on the asset class and the risk-return profile of
the asset. Compartment One is comprised of commercial
stabilized real estate, including industrial, retail and office
properties that have long and medium term leases. On the
other hand, Compartments Paralelo 26 and Zona Franca
were created with the purpose of investing in real estate
development projects: Paralelo 26 Corporate Tower and
ZF Towers Phase 1 respectively.
Founded over 25 years ago, Inverlink is one of the
leading investment banks specialized in mergers &
acquisitions, structured and project finance, as well as
capital markets throughout Latin America. As the first
investment bank in Colombia, and as an independent
firm, Inverlink is a leader structuring and executing transactions with a high degree of complexity following
international standards.
Contact information
Andrés Escobar Lega
Vice President
[email protected]
38
www.inverlink.com
Catalina García Quintana
Vice President
[email protected]
[+57 1] 748 9000
Fund name
Closed
General Partner
Inverlink Estructuras Inmobiliarias S.A.S.
Fund administrator
Fund Director(s)
Felipe Encinales
Andrés Escobar
Catalina García
Final closing
Compartment One:
Compartment Paralelo 26:
State of fund:
Compartment Zona Franca:
Total Fund:
in companies
Compartment One: Unlimited. The compartment finances
new acquisitions through the issuance of new Fund units.
For the development of real estate projects the Fund
creates new compartments.
First closing date
Investment period (in years)
Compartment One: November 2007
Compartment Paralelo 26: December 2012
Compartment Zona Franca: August 2013
Compartment San Pablo: May 2009
November 2047 (40 years)
December 2018 (6 years)
October 2012 (3.5 years)
36 years
3 years
3 years
N.A.
invests
N.A.
Compartment One: total unit
appreciation: 3,5x (as of July 2015).
Compartment Paralelo 26: 1,4x
(Expected).
Compartment Zona Franca: 1,8x
(Expected).
Compartment San Pablo: N.A.
Colombia.
• Real State.
company
USD 3.3 million – minimum value of
target Compartment One transactions.
Compartment One: invests in
commercial real estate, including
industrial, retail and office properties.
Assets must have stabilized long and
medium term leases.
The Fund also invests in real estate
development projects through the
creation of new compartments such as
Compartment Paralelo 26 and
Compartment Zona Franca.
invests
N.A.
Type of fund
Majority stakes .
invested
Compartment One: 28
Compartment Paralelo 26: 1
Compartment Zona Franca: 1
Compartment San Pablo: 2
realized (exits)
(consolidated)
Compartment One: 17,58% E.A. (as
of July 2015).
Compartment Paralelo 26: 18% 22% E.A. (Expected).
Compartment Zona Franca: 18% 25% E.A. (Expected).
Compartment San Pablo: N.A.
Property within Tu Casa Mall (USD
1.2 million) - Compartment One.
Compartment San Pablo (Final Fund
value USD 43,4 million).
Real State.
39
REAL ESTATE FUNDS
Fund
information
Nexus Capital Partners is a manager of private equity
funds focused in venture capital investments, in new or
established projects with high profit potential. Nexus
seeks to maximize returns for their investors as well as
contributing to the economic development of the region,
for which it has a highly qualified team and extensive
experience and recognition in managing, structuring and
financing projects.
Private Equity Fund Nexus Inmobiliario is a long-term,
closed fund, operating by compartments, and is oriented
towards the development of real estate projects and the
acquisition of properties for rent. Among the different
investment types, the fund is oriented towards offices,
commerce, logistics centers, warehouses, and residential
property, among others.
Nexus Capital Partners is oriented towards infrastructure
and real state capital investments in Colombia and the
top economies of Central America, South America and
the Caribbean.
Contact information
Jenny González
Vice President
[email protected]
[+57 1] 3219838 Ext: 27
40
Adriana Hurtado Uribe
Vice President
[email protected]
[+57 1] 3219838 Ext: 37
Fund name
Nexus Inmobiliario
Closed
General Partner
Fund administrator
Fund Director(s)
Fiduciaria de Occidente S.A.
Fuad Velasco Juri
Final closing
Torre Alianza Compartment:
COP $20.5 billion - USD 6.56 million
Diversificado Compartment::
State of fund:
Triple A Compartment:
Total Fund:
COP $121.9 billion - USD 39 million
in companies
Torre Alianza Compartment: 0%
Diversificado Compartment: 100%
Triple A Compartment: 81%
First closing date
Final date
Torre Alianza Compartment: September 2014
Diversificado Compartment: March 2015
Triple A Compartment: March 2015
Torre Alianza Compartment: September 2024
Diversificado Compartment: March 2021
Triple A Compartment: March 2027
Colombia, Peru, Central America and
the Caribbean.
• Real State.
Offices, commerce, logistics centers,
warehouses, and residential property,
among others.
invests
Torre Alianza Compartment: In
Construction.
Diversificado Compartment: N.A.
Triple A Compartment: Mature stages.
Type of fund
company
Torre Alianza Compartment: N.A.
Diversificado Compartment: the fund
can invest in one single project up to
35% of the total of the commited capital
of the compartment.
Triple A Compartment: the fund can
invest in one single project up to 25%
of the total of the commited capital of
the compartment.
Majority and minority
invested
Torre Alianza Compartment: 1
Diversificado Compartment: N.A.
Triple A Compartment: 2
Real State and Private Equity.
realized (exits)
invests
N.A.
N.A.
N.A.
41
REAL ESTATE FUNDS
Fund
information
TC Latin America Partners is a specialized Latin American alternative asset management firm. The company
has local offices in New York, Mexico City, Bogota, and
Lima, and it is currently in the asset management
phase of its first two funds and the fundraising phase of
its third fund.
Terranum Capital Latin America Real Estate Fund I is a
private equity fund that invests in real estate assets and
affordable and middle-income housing projects in
Colombia, Mexico, and Peru. The fund based in Cayman
Islands invests under equal conditions with Fondo de
Capital Privado Terranum Capital, based in Colombia;
jointly, these funds are called Fund I. To achieve its
investment goal, the funds partner with local real estate
developers or construction companies with a proven
track record.
Contact information
Gregorio Schneider
Socio Director - CIO
[email protected]
[+1] 347 289 3310
42
www.terranumcap.com
Fund name
Real Estate Fund I
Fondo de Capital Privado Terranum Capital
(part of Fund I)
Final closing
USD 236.23 million
State of fund:
Closed
General Partner
Terranum Capital Latin America Real
Estate Fund I GP
Fund administrator
Fund Director(s)
Augentius (Caimán)
Corredores Davivienda S.A. (Colombia)
Gregorio Schneider
Daniel Grunberg
in companies
Has finished the investment period
First closing date
March 2012
March 2015
March 2017 (5 years)
Two additional extension periods of 1 year each,
at the General Partners’ discretion
Colombia, Peru y Mexico.
• Residential Real Estate.
• Commercial Real Estate.
company
Real estate projects with an average
investment between USD 5 million and
USD 15 million.
Existing real estate assets and
affordable/middle-income housing
projects.
invests
The funds invest directly in existing
assets or real estate residential and
commercial projects in the stage of
structuring, construction and marketing.
These assets or projects must be led by
established developers in each of the
local markets.
Type of fund
Private Equity.
invests
The funds invest directly in assets or
real estate residential and commercial
projects. The funds always hold a
majority interest.
invested
21 projects.
realized (exits)
4 projects.
N.A.
(consolidated)
N.A.
N.A.
43
REAL ESTATE FUNDS
Fund
information
AVENIDACAPITAL
Avenida Capital LLC is a private equity real estate investment advisor with offices in Bogota and New York City.
The company manages opportunistic fund and direct
equity investments across select property types throughout Latin America. Since its founding in 2006, the firm
has committed capital both as principal and on behalf of
its investors to residential, retail and mixed-use projects
in Colombia, Brazil, Chile and Panama.
The principals of Avenida Capital have over 140 years of
combined investment management experience and have
executed over USD $1.5 billion of real estate transactions. Avenida Capital offers deep knowledge and
operational experience aimed at creating innovative and
sustainable projects that create value for both its investors and local partners, and contribute to the vitality of
the urban environment.
Contact information
Alexander Chalmers
Managing Director
[email protected]
[+1] 212 220 5856
44
Currently, the company manages two opportunistic real
estate funds with a single country strategy focused on
the development of retail, residential and mixed-use
assets in Colombia.
Avenida Colombia Real Estate Fund II, L.P., the Fund,
seeks to generate superior risk-adjusted returns by
investing in a diversified portfolio of high-quality real
estate assets in Colombia, primarily focusing on the
development of retail, residential and mixed-use projects.
The Fund’s strategy is focused in investing in a portfolio
of real estate assets diversified by geographic location,
project type and local developer partner.
www.avenidacap.com
Fund name
State of fund:
Fundraising
General Partner
Avenida Colombia Real Estate
Fund II, LP
Fund administrator
Fund Director(s)
Global Administrator:
SS&C Technologies Inc.
Colombia: Corficolombiana
David Smilow
Michael Teich
Alexander Chalmers
First closing
Fund size objective
N.A.
USD 250 million
in companies
First closing date
May 2015
May 2022**
AVENIDACAPITAL
N.A.
Colombia.
Majority position.
invested
• Real Estate.
The Fund invests in the development of
residential, retail and mixed-use projects
in the main and secondary cities of
Colombia.
invests
N.A.
Type of fund
Private Equity Real Estate.
2 projects.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
invests
N.A.
company
The average equity range for an
individual project can be between USD
15 - 35 million.
45
REAL ESTATE FUNDS
Fund
information
Founded in 2014 Building Block Partners is a GP with
investment experience in Colombian and the Region,
which has replicated its model in different markets. In its
first phase Building Block Partners has focused on
finding investment opportunities in real estate development in Colombia and the United States, seeking to
mitigate risks for investors, developing specific portfolios
combining development opportunities with income
generating assets. Building Block Partners supports
investment management experience of its investment
team in companies in various sectors of the economy
such as retail, financial and energy; along with real estate.
The private equity fund, Fondo BBP Real is a fund
compartmentalized, a family fund, with the ability to make
investments with different strategies, including different
economic sectors and assets to invest in every compartment. The first compartment of the fund is focused on
real estate investments, it has investment commitments
for COP $97 billion - USD 31 million and investments on
July COP $ 67 billion - USD 21.5 million.
Contact information
Juan Manuel de Pombo
Managing Partner
[email protected]
[+57 1] 601 7896
46
Mauricio Ortiz Calderón
Managing Partner
[+57 1] 601 7896
Fund name
BBP Real
State of fund:
Fundraising
General Partner
Building Block Partners
Fund administrator
Fund Director(s)
SEAF Colombia Sociedad
Administradora de Inversiones
Juan Manuel de Pombo
Mauricio Ortiz Calderón
First closing
Fund size objective
COP $97 billion USD 31 million
in companies
30%
First closing date
July 2014
July 2018
2024 (10 years)
Colombia, United States of America.
company
COP $10 billion.
Fund: Multisectorial.
Compartment I: Real Estate.
invested
Compartment I. Real Estate
Invest in real estate projects seeking the
construction of rents and high future
value potential.
realized (exits)
invests
Start Up.
Participate in early stages of the real
estate conceptual project.
Type of fund
Fund: Private Equity.
Compartment I: Real Estate.
No preference.
5
N.A.
N.A.
(consolidated)
N.A.
invests
The expectancy of return by rents
depends on type of the asset and it is
usually a percent of the value asset.
47
REAL ESTATE FUNDS
Fund
information
Quadras S.A.S. is a company formed by Pienssa S.A.S.
and Prodesa S.A. Pienssa’s partners have over 30 years
of combined experience in Investment Banking and have
participated in the structuring and management of real
estate funds. Prodesa’s partners have 25 years of experience in developing real estate projects in Colombia and
U.S.A.
Futuro Inmobiliario Fund’s Second Compartment will
enable investors to participate in all of the real estate
value chain by investing in projects that go anywhere
from the acquisition of raw land to its final development.
Value creation will come from land entitlement and
zoning improvement, redevelopment and /or construction in well-located high quality real estate, in growing
supply-constrained markets in Colombia.
Contact information
Dorothea Bickenbach
Fund Manager
[email protected]
[+57 1] 345 9943
48
www.pienssa.com
Fund name
Futuro Inmobiliario
Compartimento II
Fund administrator
First closing
Fund size objective
State of fund:
Fundraising
General Partner
Quadras S.A.S.
Fund Director(s)
Dorothea Bickenbach
Alejandro Ferrer
Juan Antonio Pardo
Mauricio García
Carlos Alfredo Vargas
in companies
N.A.
USD 100 million
First closing date
N.A.
N.A.
10 years
100%
Colombia.
Majority.
invested
• Construction.
• Housing.
N.A.
realized (exits)
The fund invests in land for the
development of low income (VIS and
VIP) and middle income housing
projects in Colombia.
invests
0
N.A.
Raw or entitled land.
(consolidated)
Type of fund
18% net for equity investors.
Real Estate.
invests
N.A.
company
N.A.
49
REAL ESTATE FUNDS
Fund
information
The Manager is a subsidiary of Emprendimientos Inmobiliarios e Inversiones de Colombia S.A. whose president,
Abdón Espinosa Fenwarth, has over 30 years of experience in the real estate sector. Main projects developed
by the manager includes: Centro comercial Atlantis Plaza
/Bogotá, World Business Port / Bogotá, Plaza de la
Fuente / Bogotá, La Morada / Bogotá, Torre 93, Century
82 / Bogotá, Torre Versalles / Cali, Santa Cruz de
Sotavento / Bogotá, Santa Cruz del Salitre / Bogotá,
Casa Imperial / Bogotá, Santa Cruz de la Alameda
/Bogotá, Bosque de Normandia / Bogotá, Vallarta /
Bogotá, Oxford Bureau, among others.
The Fund invests in income commercial property in
Colombia, focusing on commercial properties such as
offices, commercial property and warehouses. The fund
only invests in existing properties that are operationally
stable, with leases that guarantee the investor an income
from day one. It is an alternative investment in real estate
that allows the investor to obtain a much higher expected return to other alternatives, diversify portfolios,
receive income, and the investor has the ability to obtain
capital gains over time.
Contact information
Abdón Eduardo Espinosa Fenwarth
[email protected]
[+57 1] 317 9917
50
www.gestorinmobiliario.com.co
Mario Sierra
[email protected]
[+57 1] 317 9917
Fund name
Inmobiliario Ultrabursátiles
State of fund:
Fundraising
General Partner
Gestor Inmobiliario S.A.
Fund administrator
Fund Director(s)
Ultraserfinco Comisionista de Bolsa**
Abdón Eduardo Espinosa Fenwarth
First closing
Fund size objective
in companies
COP $2.500 million – USD 0.8 million
First closing date
N.A.
N.A.
30 years
Colombia.
Real Estate.
The fund invests in commercial
properties, offices and industrial
warehouses with high qualification
standards.
invests
company
Minimum: COP $2 billion USD 600.000.
Not Maximum amount established.
The fund invests in majority stakes.
invested
8
realized (exits)
The fund invests in existing commercial
properties with proven income and
signed leases contracts.
N.A.
Type of fund
N.A.
Private Equity.
invests
N.A.
(consolidated)
Cumulative return of 58,67% since day
one (as of June 30, 2015).
51
REAL ESTATE FUNDS
Fund
information
Founded in 1995, Paladin Realty is a leading institutional
real estate fund manager focused on the development of
for-sale residential housing across Latin America, including Brazil, Mexico, Colombia, Peru, Chile, Costa Rica and
Uruguay. To date, Paladin has sponsored and managed a
number of investment funds, plus related side-car and
co-investment vehicles, comprising over US$800 million
of equity and US$3 billion of total capitalization. To date,
the firm has invested in the development of more than
29,000 residential units, commercial properties and
select opportunistic situations in the region, comprising
more than 20 million square feet. Paladin Realty is a
registered investment advisor headquartered in Los
Angeles, California, with offices located in Brazil, Mexico
and Colombia.
Paladin Realty Latin America Investors V (“Latam V”) will
build upon the same strategy Paladin has executed
throughout Latin America since 1998. Pan-regional
approach targeting major markets with attractive
demand and supply fundamentals, as well as a favorable
climate for foreign investors. Key target markets include
Brazil, Colombia, Peru, Chile and Mexico, all countries
where Paladin has been active. Two-pronged strategy:
(1) programmatic housing joint ventures targeting the
region’s rapidly growing middle-class population and the
huge pent-up demand for affordable housing; and (2)
opportunistic investments targeting select commercial
properties, entity investments and distress situations.
Contact information
Fred Gortner
Managing Director & COO
[email protected]
[+1] 310 996 8762
52
www.paladinrp.com
Fund name
Paladin Realty Latin America
Investors V, L.P
Fund administrator
Paladin Realty V GP, LLC
State of fund:
Fundraising
General Partner
Paladin Realty Partners, LLC
Fund Director(s)
Jim Worms
Fred Gortner
Randall Loker
Ricardo Raoul (Brazil)
Alejandro Krell (South America)
Santiago Gil (Mexico)
First closing
Fund size objective
in companies
USD 100 million
+ USD 400 million
First closing date
September 2015
December 2019
N.A.
Latin America / Brazil, Mexico, Peru,
Colombia and Chile.
Real Estate.
Latam V has a two-pronged strategy:
(1) programmatic housing joint ventures
targeting the region’s rapidly growing
middle-class population and the huge
pent-up demand for affordable housing;
and (2) opportunistic investments
targeting select commercial properties,
entity investments and distress
situations.
invests
N.A.
Type of fund
Real Estate.
company
A typical real estate joint venture
platform investment by the Fund can be
between USD 5 million to USD 20
million.
Majority.
invested
40
realized (exits)
9
2.0x
(consolidated)
20%
invests
N.A.
53
REAL ESTATE FUNDS
Fund
information
Counting with 28 years of experience, Profesionales de
Bolsa is one of the most renowned and leading firms in
Colombia’s capital markets. It offers its customers the
best investing opportunities with a broad portfolio of
structured products, designed by a highly qualified team.
Currently, our company manages more than 550 billion
COP in Private Equity and Mutual Funds. Additionally, the
firm operates in five cities: Bogotá, Medellin, Cali, Barranquilla and Pereira.
With a strategy based in promoting Colombia’s economic
growth, Profesionales de Bolsa impulses the new way of
doing business, under the creation of its Private Equity
Funds, successfully administrating a figure greater than
COP 550 billion.
Under its private equity fund Real Estate Value, Profesionales de Bolsa will develop an ambitious industrial
project with a very large scope in logistics and industrial
processes, being the first in its type in Colombia:
“Polígonos Industriales de Colombia” . (Colombian Industrial Parks).
Contact information
www.profesionalesdebolsa.com
Gustavo Torres
Beatriz Cuello Lacouture
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
54
Fund name
Real Estate Value Private Equity
Fund: Polígonos Industriales
State of fund:
Fundraising
General Partner
Profesionales de Bolsa S.A.
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
COP $220 billion USD 70.4 million
N.A.
in companies
N.A.
First closing date
December 2016
2018
10 years
Colombia.
realized (exits)
N.A.
Construction & Infraestructure, Logistic.
invests
N.A.
N.A.
(consolidated)
Type of fund
Construction & Infraestructure, Real
Estate.
IRR 25.02% E.A. (expected).
invests
N.A.
company
COP $500 million / COP $220 billion.
USD 0.16 million / USD 70.4 million.
Majority.
invested
N.A.
55
REAL ESTATE FUNDS
Fund
information
The Real Estate Income Fund aims to buy properties in
order to rent these offices in the cities of Medellín and
Bogotá.
Contact information
Gustavo Torres
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
56
Alba Zapata
[+57 1] 646 3330
Fund name
Real Estate Income Fund
State of fund:
Fundraising
General Partner
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
N.A.
in companies
N.A.
First closing date
October 2010
December 2017
7 years
Colombia.
N.A.
invests
(consolidated)
10% E.A. (expected).
N.A.
Type of fund
Real Estate.
invests
N.A.
company
600 S.M.M.L.V.
The fund invests in majority stakes.
invested
N.A.
realized (exits)
N.A.
57
REAL ESTATE FUNDS
Fund
information
Sociedad Fondo Inmobiliario S.A. was created on 1993
in order to develop real estate business as a buy, sell,
management, structure fiduciary contracts and lease
them; finance with own resources the acquisition of
property, receive mortgage guarantees and originate
trust schemes on real state property or credits.
The SFI Private Equity Fund is a collective investment
vehicle closed long-term , aimed at investing in real estate
assets with variable return depending on the performance
of the assets investment.
Contact information
Rodrigo Fernández Ávila
Sales and Relationship Manager
[email protected]
[+57 1] 310 0510 Ext: 23
58
www.sociedadfondoinmobiliario.com
Fund name
SFI
Sociedad Fondo Inmobiliario
State of fund:
Fundraising
General Partner
Sociedad Fondo Inmobiliario S.A.
Fund administrator
Fund Director(s)
Gloria Roa de Bernal
Rodrigo Fernández Ávila
First closing
Fund size objective
We are entering the period of obtaining
resources.
in companies
N.A.
First closing date
N.A.
15 years
20 years
invests
The fund may invest in real estate
projects that are in the process of
structuring , construction or are finished.
N.A.
Counted from the date of commencement of operations
From the date of commencement of operations
Colombia and other countries.
N.A.
Real estate (directly or as underlying ) in
structuring phase , construction or
finished products intended for:
( i ) Commercial Activities: local, malls,
department stores; ( ii ) industrial and
logistics activities: warehouses,
industrial parks and free trade zones,
distribution centers, central wholesalers,
retailers and supply; ( iii ) offices and
similar applications, including
professional offices; ( iv ) educational
applications including student
dormitories; ( v ) hotel use;
( vi) entertainment industry: events and
conventions centers, cinemas and
theaters, discos, movie studios, among
others; ( vii ) service stations and
parking; ( viii ) health industry: clinics
and hospitals; ( ix ) mixed use: local,
office, hotels.
Type of fund
Real State.
(consolidated)
N.A.
invests
N.A.
company
N.A.
N.A.
invested
N.A.
realized (exits)
N.A.
59
REAL ESTATE FUNDS
Fund
information
TC Latin America Partners is a specialized Latin American
alternative asset management firm. The company has
local offices in New York, Mexico City, Bogota, and Lima,
and it is currently in the asset management phase of its
first two funds and the fundraising phase of its third fund.
Terranum Capital Latin America Real Estate Fund II is a
private equity fund, based in Cayman Islands, that invests
in real estate assets and affordable and middle-income
housing projects in Colombia, Mexico, and Peru. To
achieve its investment goal, the fund partners with local
real estate developers or construction companies with a
proven track record.
Contact information
Gregorio Schneider
Socio Director - CIO
[email protected]
[+1] 347 289 3310
60
www.terranumcap.com
Fund name
State of fund:
Fundraising
General Partner
Real Estate Fund II
Terranum Capital Latin America Real
Estate Fund II, GP
Fund administrator
Fund Director(s)
Augentius
Gregorio Schneider
Daniel Grunberg
First closing
Fund size objective
USD 80 million
USD 400 million
in companies
First closing date
April 2015
April 2019
100%
Two additional extension periods of 1 year each, at the General
Partners’ discretion.
Colombia, Peru y Mexico.
• Residential Real Estate.
• Commercial Real Estate.
company
Real estate projects with an average
investment between USD 5 and USD
20 million.
Existing Real Estate assets and
affordable/middle-income housing
projects.
invests
The fund invests directly in existing
assets or real estate residential and
commercial projects in the stage of
structuring, construction and marketing.
These assets or projects must be led by
established developers in each of the
local markets.
Type of fund
Real Estate.
invests
The fund invests directly in assets or
real estate residential and commercial
projects. The fund always holds a
majority interest.
invested
2
realized (exits)
None.
N.A.
(consolidated)
N.A.
N.A.
61
REAL ESTATE FUNDS
Fund
information
Considering the importance of Bogota as the Capital
City, business center and growing development of the
economic activity, since 2011 Profesionales de Bolsa
started to look for an optimal land to develop the Logistic
Terminal of Colombia - Bogota in order to make it an
integral part of the most complete and specialized logistic platform in the country which will converge with the
main logistics nodes.
Contact information
Gustavo Torres
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
62
Fund name
Fund: TLC Bogotá
State of fund:
Fundraising
General Partner
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
N.A.
in companies
N.A.
First closing date
2016
2017
23 years
Colombia.
realized (exits)
N.A.
invests
N.A.
N.A.
(consolidated)
Type of fund
Estate .
15.94 % E.A. (expected).
invests
N.A.
company
Majority.
invested
N.A.
63
REAL ESTATE FUNDS
Fund
information
Logistics terminals Colombia - Cartagena was inaugurated as the logistics focus of the region for being the
only one of its kind in the country. It has several types of
property in one place: warehouses, offices, shops and
hotel.
Cartagena port strategically located on the Caribbean
Sea to the north and the South American center of the
Americas, with a high maritime traffic to and from all
continents.
Contact information
Gustavo Torres
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
64
Fund name
Fund: TLC Cartagena
State of fund:
Fundraising
General Partner
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
COP $160.5 billion
in companies
N.A.
First closing date
2016
2016
23 years
Colombia.
realized (exits)
N.A.
invests
N.A.
N.A.
(consolidated)
Type of fund
Estate .
16.61% E.A. (expected).
invests
N.A.
company
COP $500 million / COP $160.5 billion.
Majority.
invested
N.A.
65
REAL ESTATE FUNDS
Fund
information
YELLOWSTONE CAPITAL PARTNERS is a Colombia-based
private equity real estate investment firm specialized in
opportunistic development and land banking. The firm operates
as a partnership between the investment platform owned by
the shareholders of AMARILO, and INVEXFUND, a local
reputable investment banking and asset management firm.
YELLOWSTONE CAPITAL REAL ESTATE FUND I was
launched in 2015 creating the opportunity to invest in high
growth potential value-driven deals within the AMARILO
GROUP proprietary pipeline. As investors with a businessman
vision, the FUND cherry-picks opportunities with the best
risk/return profiles to invest side-by-side with investors for
shared success.
AMARILO is the leading real estate development group in
Colombia in terms of shareholder value capture. For the past
22 years the Company . The Company has been ranked one of
the top-100 companies in Colombia with best business
reputation for the past 4 consecutive years by Business
Monitor of Corporate Reputation (MERCO).
The FUND will capitalize on AMARILO’s and INVEXFUND’s
complementary proven track-record by investing in real estate
assets through 4 distinct FUND compartments: i) Income-producing, ii) For-sale real estate, iii) Land-banking, and iv) Alternative investments.
COMPARTMENT AI invested in a large-scale opportunistic
income-producing shopping center located in a strategic emerging middle-class corridor in the city of Medellin. The project will
replicate the successful Fontanar Shopping Center located in
the municipality Chia, a high-growth Bogota suburb.
Contact information
Luis Fernando Ramírez
CEO & Managing Partner
[email protected]
[+57 1] 552 6352
66
www.yellowstonecp.com
Juan Carlos Moreno
Managing Partner
[email protected] / [email protected]
[+57 1] 552 6352
Fund name
State of fund:
Fundraising
General Partner
Yellowstone Capital Real
Estate Fund I
Yellowstone Capital Partners S.A.S.
Fund administrator
Fund Director(s)
Luis Fernando Ramírez
Juan Carlos Moreno
First closing
Fund size objective
For the investment in new opportunities
the Fund creates new compartments on
a deal-by-deal basis.
Compartment I:
CIMENTO Medellín Shopping Center
COP $80 billion – USD 25 million
in companies
First closing date
N.A.
N.A.
Compartment AI:
2015 – 2025 (10 years)
For the investment in new opportunities
the Fund creates new compartments on
a deal-by-deal basis.
5 extensions of 1 year each.
Colombia and Panama.
Real Estate.
• Income-producing shopping centers.
• Large-scale residential real estate
macro-projects targeting the working
and emerging middle-class segments.
• Raw land with potential high value
capture.
• Other strategic real estate assets.
invests
N.A.
Type of fund
Private Equity Real Estate Fund.
invests
company
Average investment (ticket size) per
deal/compartment:
COP $40 billion - COP $80 billion.
N.A.
invested
1
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
N.A.
67
REAL ESTATE FUNDS
Fund
information
NATURAL R
RESOURCES
NATURAL RESOURCES
FUNDS
LAEFM Colombia Ltda., is a subsidiary of Latin America
Enterprise Fund Managers L.L.C (“LAEFM”) one of the
pioneers in managing private equity funds in Latin America with USD 783 million of cumulative committed
resources since 1995. For its part, LAEFM Colombia
focuses on managing private equity funds which invest in
priority sectors of the Colombian economy, hydrocarbons
and forestry.
The Colombian Investment in Hydrocarbons Fund was
the first private equity fund established in the country.
The Fund consists of three phases: Phase I USD 62
million (began operations in 2005), Phase II USD 67
million (began operations in 2008) and Phase III USD
220 million (began operations in 2010). The strategy of
the Fund is to invest in hydrocarbon exploration and
production projects in association with specialized
operators who have contracts with the National Hydrocarbons Agency and/or Ecopetrol in national blocks.
Contact information
John Jairo Santa
Managing Director
[email protected]
[+57 1] 606 5500
70
www.laefm.com
Fund name
Hydrocarbons Fund
State of fund:
Closed
General Partner
Fund Director
Fund administrator
Final closing
USD 349.6 million
Phase I: USD 62.3 million
Phase II: USD 67.3 million
Phase III: USD 220 million
Eduardo Elejalde
in companies
Phase I: 0%
Phase II: 0%
Fase III: 0%
First closing date
Phase I: June 2005
Phase II: February 2008
Phase III: September 2010
Phase I: June 2009
Phase II: February 2012
Phase III: September 2014
Phase I: June 2015 (10 years)
Phase II: February 2018 (10 years)
Phase III: September 2020 (10 years)
invests
realized (exits)
The Fund invests risk capital (equity) in
projects, not in companies.
Phase I: 162% of Committed
Resources returned to investors to date.
Phase II: 183% of Committed
Phase III: 129% of Committed
Colombia (Llanos Orientales, Putumayo,
Catatumbo y Valle Superior y Medio del
Magdalena).
Hydrocarbons.
hydrocarbon exploration and production
projects in association with specialized
operators who have contracts with the
National Hydrocarbons Agency and/or
Ecopetrol in national blocks. It does not
invest in companies.
invests
Seed and/or Start-up. The Fund invests
risk capital (equity) in hydrocarbon
exploration and production projects in
association with specialized operators.
Type of fund
Private Equity - Natural Resources.
company
Maximum investment of USD 10 million
per project in Phase III with the
possibility of a waiver up to 20% of
Committed Resources.
hydrocarbon exploration and production
projects (not in companies). The
ownership in the projects is minority
(30%-40%) with participation in key
decisions.
invested
2.6 times.
(consolidated)
26% before expenses (commissions
and carried interest) and 17% after
expenses (commissions and carried
interest).
The Fund invests in projects, not in
companies.
Phase I: 15 projects.
Phase II: 15 projects.
Phase III: 21 projects.
71
NATURAL RESOURCES FUNDS
Fund
information
LAEFM Colombia Ltda., is a subsidiary of Latin America
Enterprise Fund Managers L.L.C (“LAEFM”) one of the
pioneers in managing private equity funds in Latin America with USD 783 million of cumulative committed
resources since 1995. For its part, LAEFM Colombia
focuses on managing private equity funds which invest in
priority sectors of the Colombian economy, hydrocarbons
and forestry.
The Colombian Investment in Forestry Fund has committed resources of USD 26 million to invest in commercial
forestry plantation projects in association with specialized operators and landowners. The projects to be developed must: (i) have proven technological packages; (ii)
be located in regions suitable for forestry production;
and (iii) have close proximity to already established
forestry nuclei, major roads and markets.
Contact information
Nohemí Restrepo
Vice President
[email protected]
[+57 1] 606 5500
72
www.laefm.com
Fund name
Forestry Fund
State of fund:
Closed
General Partner
Fund Director
Fund administrator
Fiduciaria de Desarrollo Agropecuario S.A.
(Fiduagraria)
Final closing
USD 26.3 million
Eduardo Elejalde
in companies
0%
First closing date
November 2007
November 2011
company
(consolidated)
Extendible (extension in progress).
Colombia (Caribbean Plain, Eastern
Plains and Northeast Antioquia).
Maximum investment USD 8 million per
project.
Forestry.
Commercial forestry plantation projects
in association with specialized operators.
No investments in companies.
invests
Start-up/ Growth. The Fund invests in
commercial forestry plantation projects
in association with specialized operators.
No investments in companies.
Type of fund
Private Equity - Natural Resources.
invests
The Fund invests in commercial forestry
plantation projects, not in companies.
Majority and minority. It can have either
majority or minority participation in a
project; in any case, may not invest more
than 80% of project cost not including
the land.
First exit IRR 19% (in Colombian
pesos). The Fund´s IRR is yet to be
determined because there are two
projects that have not been sold.
invested
The Fund does not invest in companies
but has invested in 3 projects whose
resources are in the process of being
disbursed.
realized (exits)
One exit completed.
One exit with a multiple of 1.4 (in
Colombian pesos).
73
Fund
information
Founded in 2006, Tribeca Asset Management is one of
the first private equity firms based in Colombia. As part of
its strategy, Tribeca invests in Colombian companies with
high growth potential and where its model can be
replicated in other countries in Latin America. Tribeca
has created a portfolio of private equity investments that
exhibit significant potential for growth in healthcare,
energy, natural resources, infrastructure and consumer
goods and services. Throughout its history, Tribeca has
had over USD 420 MM in assets under management,
which have been distributed in six private equity funds
and 12 companies.
The FCP Tribeca Natural Resources Fund was created as
a private equity fund that specializes in investing in
companies and projects related to the sustainable use of
natural resources, especially in the mining sector. The
fund manages a portfolio of companies and projects in
various stages of development, from initial prospective
exploration to development and production.
Contact information
Ciro Mendez
Investment Director
[email protected]
[+57 1] 490 0040
74
www.tribeca.com.co
Fund name
Tribeca Natural Resources Fund
Final closing
USD 39.5 million
State of fund:
Closed
General Partner
Fund administrator
Fund Director
Alianza Fiduciaria
Ciro Mendez
in companies
0%
First closing date
October 2010
October 2014
Colombia, Perú.
company
USD 10 million / 35 million.
Mining.
Companies and projects in the mining
sector and general resources in general,
including companies involved in the
exploitation and / or exploration and /
or mining or marketing areas of natural
resources and their products and their
derivatives. Companies also related to
the activities of the sector, including
goods and services related to mining
and / or natural resources.
invests
Growth, Early Stage.
Majority.
invested
1
realized (exits)
0
N.A.
(consolidated)
N.A.
Type of fund
Private Equity.
invests
USD 5 - 10 million.
75
Fund
information
Colombia’s capital market. It offers its customers the
Through the Forest Value Fund, Profesionales de Bolsa
is planting, fostering and extracting natural rubber. This
project has an estimated value of 130 billion COP and
promotes the agro industrial sector in Colombia.
In 2011 Profesionales de Bolsa saw the first field with
natural rubber trees, now days the plantation has an
extension of 6.963 hectares, becoming the largest
project of this kind in the country and the fourth in Latin
America.
Contact information
Gustavo Torres
Juan Guillermo Cruz
[email protected]
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
[+57 1] 646 3330
76
Fund name
Valor Forestal
State of fund:
Fundraising
General Partner
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
By subfund.
COP $130 billion
USD 41 million
in companies
First closing date
By fund.
Open util the objective is reached.
By fund.
Open util the objective is reached.
42 years
N.A.
Colombia.
invested
34 Separated account.
Agroindustrial - Enviromental.
realized (exits)
N.A.
The Fund objective is to sow a 16.000
Hectares of natural rubber in Vichada
state, Colombia.
invests
(consolidated)
N.A.
N.A.
18% E.A.
Type of fund
Agro – Forestal.
invests
COP $130 billion - USD 41 million.
company
COP $400 million / USD 0.128 million.
Total.
77
Fund
information
PRIVATE
E EQUITY
PRIVATE EQUITY
FUNDS
Founded in 1984, Advent International is one of the
largest and most experienced global investors of private
equity. Since inception, the firm has invested in more
than 300 buyout transactions in 40 countries and for
June, 2015 it had $32 billion in assets under management. With offices in four continents, Advent has established a globally integrated team of over 190 investment
professionals across North America, Europe, Latin America and Asia. The firm focuses on growth and traditional
buyout and strategic repositioning transactions across
five core sectors, including business and financial
services; healthcare; industrial (including infrastructure);
retail, consumer and leisure; and technology, media and
telecoms. With 31 years dedicated to international
investing, Advent remains committed to partnering with
management teams to deliver sustained revenue and
earnings growth for its portfolio companies.
Advent is one of the leading private equity investors in
Latin America. The firm has been operating in the region
for 19 years, during which time it has invested in 52
companies across 9 countries and fully realized 33 of
those businesses. In 2014, Advent established its sixth
Latin American fund, LAPEF VI. Capitalized at $2.1
billion, it is one of the largest private equity funds
focused on the region and brings the firm’s total capital
raised for Latin America to more than $6 billion. The
LAPEF Program is led by a large and experienced team
of 42 investment professionals, working out of offices in
Bogotá, Mexico City and São Paulo.
Contact information
www.adventinternational.com
Mauricio Salgar - Managing Director
Luiz Ribeiro - Director
Adolfo Vinatea - Director
[email protected]
[email protected]
[email protected]
Manuel García Podestá - Director
Lucas Marulanda - Director
[+57 1] 254 4747 (Bogotá)
[+51 1] 710 5228 (Lima)
[email protected]
80
[email protected]
Fund name
Final closing
USD 2.1 billion
State of fund:
Closed
General Partner
Advent Latin America Private
Equity Fund VI
LAPEF VI GP Limited Partnership
Fund administrator
Fund Director(s)
Advent International
N.A.
in companies
Not disclosed
First closing date
November 2014
Not disclosed
10 years
With extension provisions
Principally in Mexico, Brazil, Colombia
and Peru, but able to invest in
companies across Latin America.
company
Minimum: USD 50 million
Maximum: N.A.
• Financial and business services.
• Healthcare.
• Industrial (including infrastructure).
• Retail, consumer and leisure.
• Technology, media and
telecommunications.
invested
Companies with strong growth potential.
invests
Growth/mature.
Type of fund
Private Equity.
invests
Typically majority position, but will
consider minority under special
circumstances.
52
realized (exits)
33
Not disclosed.
(consolidated)
Not disclosed.
Preferably above USD 60 million.
81
PRIVATE EQUITY FUNDS
Fund
information
The Abraaj Group is a leading private equity investor,
purpose-built for operating in the growth markets of
Africa, Asia, Latin America, the Middle East, and Turkey.
Our local presence in over 25 offices across five regional
hubs gives us unmatched expertise, proprietary transactional access and the ability to grow partner businesses
across borders.
Abraaj Latin America Fund I (ALAF I) invests in medium
and large-sized businesses in Latin-American, transforming them into significant and sustainable regional
operations which deliver strong and consistent returns
for both themselves and our investors.
The Abraaj Group currently manages c. USD 9 billion
across regional, sector and country-specific Funds.
Contact information
www.abraaj.com
Miguel Ángel Olea
Partner, Regional Head Latin America
Daniel Wasserman
Managing Director
[email protected]
[+52] 55 9178 9019 (México)
[email protected]
[+57 1] 637 2500 (Bogotá)
82
Fund name
Alaf I
Final closing
USD 183.6 million (fully invested)
State of fund:
Closed
General Partner
The Abraaj Group
Fund administrator
Fund Director(s)
Fiducóldex S.A.
Miguel Ángel Olea
Daniel Wasserman
Héctor Martínez
in companies
N.A.
First closing date
December 2007
December 2012
México, Colombia, Perú y Chile.
invested
13
Multisectorial.
realized (exits)
4
Companies with high growth potential,
in strategic sectors and experienced
management teams.
invests
(consolidated)
Mature companies with high growth and
interest in regional expansion.
N.A.
N.A.
Type of fund
Private Equity.
invests
Sales level: USD 10 million - USD 100
million.
company
Fully invested.
Majority or influential minority
83
Fund
information
Altra Investments is a value-oriented buyout firm focused
on midcap companies, primarily in Colombia and Peru
and selectively in other countries in Latin America. Altra
focuses on making control investments in companies
that have significant potential for improved performance
and growth in conjunction with its equity sponsorship and
active management. With offices in Bogota and Lima, the
firm leverages the team’s operating, consulting, M&A,
restructuring, turnaround, and private equity investment
experience in the region.
Altra Private Equity Fund I, is a multi-sector buyout fund,
focused on midcap companies in Colombia, Peru, and
Central America. In 2012, the fund finished its investment period, with 6 portfolio companies in the following
sectors of the economy: oil & gas services, mining
services, thermo-electrical generation, niche financial
services, specialized manufacturing, and logistics.
Contact information
www.altrainv.com
Juan Pablo Gómez
Alejandro Carrillo
[email protected]
[+57 1] 275 8340
[email protected]
[+57 1] 275 8340
84
Fund name
Final closing
USD 104.2 million
State of fund:
Closed
General Partner
Altra Investments Inc.
Fund administrator
Fund Director(s)
Corredores Davivienda S.A.
Dario Durán
Mauricio Camargo
Jorge Kuryla
in companies
0%
First closing date
December 2008
June 2012
Type of fund
Colombia, Peru, and Central America.
Private Equity.
invests
Manufacturing, services (mining,
transport, financing).
The fund invested in sectors with the
following characteristics:
• An attractive growth potential
• Amid changes in competitive dynamics
• Fragmented, with the possibility of
developing a more dominant position in
the market
• Companies with the potential to
develop a regional presence
• Proven business model
• Sustainable competitive advantage
• Ability to build a market differentiation
• Leadership positions in its main
markets
• Companies with high growth potential
USD 20 million - USD 200 million.
company
USD 7 millions / USD 25 millions.
Majority, or Minority preferably with
effective control rights.
invested
6
realized (exits)
0
N.A.
invests
Growth.
(consolidated)
N.A.
85
Fund
information
Altra Investments II GP Inc is a value-oriented buyout
firm focused on midcap companies, primarily Colombia
and Peru and selectively in other companies in Latin
America. Altra focuses on making control investments in
companies that have significant potential for improved
performance and growth in conjunction with its equity
sponsorship and active management. With offices in
Bogota and Lima, the firm leverages the team’s operating, consulting, M&A, restructuring, turnaround, and
private equity investment experience in the region.
Altra Private Equity Fund II is a multi-sector buyout fund,
focused on midcap companies primarily in Colombia and
Peru, and selectively in other Latin-American countries.
The fund along with its parallel funds closed the
fundraising stage in January 2013, reaching total
commitments for USD 356 million. The fund closed
2014 with 7 portfolio companies with presence in the
following sectors: Water Treatment services, Logistics
Services, Information Technology Services, Retail
Cosmetics, Maritime and Logistics Services, Generation
of energy and Transporting services.
Contact information
www.altrainv.com
Juan Pablo Gómez
Alejandro Carrillo
[email protected]
[+57 1] 275 8340
[email protected]
[+57 1] 275 8340
86
Fund name
Final closing
USD 355.9 million
State of fund:
Closed
General Partner
Altra Investments II GP Inc.
Fund administrator
Fund Director(s)
Corredores Davivienda S.A. (Local)
Maples Fund Services (International)
Dario Durán
Mauricio Camargo
Jorge Kuryla
in companies
35%
First closing date
August 2012
December 2017
invests
(consolidated)
Colombia, Peru and selectively in other
countries in Latin America.
Growth.
Type of fund
• Logistics, environmental, health, tourist,
education and financial services
• Technology and Information
• Energy generation
• Consumer goods
Private Equity.
invests
company
The fund invested in sectors with the
following characteristics:
• An attractive growth potential
• Amid changes in competitive dynamics
• Fragmented, with the possibility of
developing a more dominant position in
the market
• Companies with the potential to
develop a regional presence
• Proven business model
• Sustainable competitive advantage
• Ability to build a market differentiation
• Leadership positions in its main
markets
• Companies with high growth potential
N.A.
USD 20 million - 200 million.
USD 20 millions / USD 70 millions.
Majority, or Minority preferably with
effective control rights.
invested
7
realized (exits)
0
N.A.
87
Fund
information
Bricapital, S.A.S. is a private equity firm focused on the
hotel and resort asset-class in Colombia. Bricapital,
S.A.S. is a subsidiary of Brilla; founded in 2007 and with
target markets in South Florida, the Caribbean, and Latin
America. The company is composed of a team featuring
a vast array of expertise in capital deployment, capital
raising, real estate, operations, law, hospitality, and
finance. It currently has offices in Miami, Cancun, Mexico
City, and Bogota through its subsidiary Bricapital.
The portfolio includes the Bricapital Private Equity Fund,
administered by Fiduciaria Bancolombia, which attracted
US $31 million from a number of Colombian institutional
investors, including the Foreign Trade Bank of Colombia
and other local pension funds and individuals. The Fund’s
objective is to capitalize on the tourism growth the country has experienced during the last decade and the
scarcity of hotel supply to satisfy the growing demand.
The substantial improvement in security, the wide
perception of confidence and the positive economic and
political outlook create an excellent investment opportunity in Colombia.
Contact information
www.bricapital.com.co
Eduardo Victoria
Andrés Peñaranda
[email protected]
[email protected]
88
Fund name
Final closing
COP $57.3 billion
USD 18.3 million
State of fund:
Closed
General Partner
Bricapital
Brilla Capital Management, LTD
Fund administrator
Fund Director(s)
David Brillembourg
in companies
65,1%
First closing date
February 2012
February 2016
February 2020 (8 years)
Colombia.
invested
1
Hospitality beach front in Colombia.
realized (exits)
0
Hospitality asset class in Colombia.
invests
N.A.
Operational hotels, hotels being built
and hotel projects.
(consolidated)
Type of fund
N.A.
Private Equity.
invests
N.A.
company
Average Deal Size: COP $9 billion /
COP $13 billion.
Majority or Minority.
89
Fund
information
CREDICORP Capital is a brokerage firm and since 1987
provides financial services to customers of all sizes and
sectors, working daily to understand market behavior, in
order to offer the best alternatives to the financial needs
of our customers.
The Private Equity Fund by Sub CP-Val aims to invest in
assets or economic rights such as shares, debentures,
investment on project, fiduciary rights, securities or any
other kind of instrument or to participate directly
enabling title or indirectly in the equity of companies or
projects.
Correval since 2012 is part of the group CREDICORP
leading financial group in Latin America, listed on the
New York Stock Exchange since 1995.
Contact information
Jaime Cepeda López
[email protected]
[+57 1] 339 4400 Ext: 1561
90
Investments will be made in the local or international
market and in the following sectors: i) Infrastructure, ii)
industry dedicated to the production of all kinds of
goods, assets or properties iii) Trade in all kinds of goods,
assets or properties and iv) Services in general.
www.credicorpcapital.com
Fund name
State of fund:
Closed
General Partner
Compartimentos Cp-Val Sector Distribución de Combustibles:
Compartimento Cp-Val Sector Térmico:
Fund administrator
Mónica Cheng.
Compartimento Cp-Val Sector Hidrocarburos:
Altra Inversiones SAS.
Fund Director(s)
Jose Miguel Santamaría Uribe
Final closing
in companies
Cp-Val Sector Distribución de Combustibles:
Cp-Val Sector Hidrocarburos:
USD 90 million
USD 30 million
0%
First closing date
July 2007
N.A.
2020 (13 years)
company
(consolidated)
Compartimento Cp-Val Sector Térmico:
USD 60 milion
Colombia and other countries.
• Utilities.
• Infrastructure.
The Fund will invest in assets or
economic rights issued by companies
that, from its acquisition, could identify
potential growth opportunities and
create value.
invests
Growth.
Type of fund
• Cp-Val Sector Distribución de
Combustibles: USD 90 million
• Compartimento Cp-Val Sector
Térmico: USD 60 million.
• Cp-Val Sector Hidrocarburos:
USD 30 million.
20.13%
Minority for 3 compartments.
invested
• Cp-Val Sector Distribución de
Combustibles: 1
• Compartimento Cp-Val Sector
Térmico: 1
• Cp-Val Sector Hidrocarburos: 1
Private Equity.
realized (exits)
invests
2.
• Fuel distribution: USD 6.5 billion
• Thermal energy: USD 80 million
• Hydrocarbon: USD 110 million
1.66
91
Fund
information
Promotora is a leading firm specialized in Private Equity
in Latin America and is backed by the largest economic
group in Colombia.
The Growth Capital Fund, Escala Capital focuses its
investments in companies that have a proven and
successful business model, and require an infusion of
capital and the right partner to achieve their growth
plans. We provide methodological support to improve
the business processes and to develop schemes of
corporate governance.
Since 1987, we have structured, mobilized and managed
significant investments, facilitating the growth of small
and medium sized enterprises in Latin America. Our team
has proven experience and track record in strategic
consulting, financial structuring and Private Equity.
We firmly believe that trust, flexibility, dynamism, objectiveness, opportunity and closeness, constitute the
attributes that allow Promotora to deeply understand the
businesses and markets of our clients, investors and
investees.
Contact information
Rafael Yepes Isaza
Managing Partner
[email protected]
[+57 4] 448 4511 Ext: 107
92
www.promotora.com.co
David Melo White
Investment Manager
[email protected]
[+57 4] 448 4511 Ext: 118
Fund name
Escala Capital
Final closing
COP $80.8 billion
USD 25.8 million
State of fund:
Closed
General Partner
Promotora
Fund administrator
Fund Director(s)
Valores Bancolombia S.A.
Rafael Yepes Isaza
in companies
Fully committed
First closing date
March 2009
March 2013
Colombia.
• Consumer Retail.
• Engineering.
• Logistics.
• Health.
• Security.
• Waste Management.
• Chemicals.
The Growth Capital Fund actively seeks
companies whose products, processes
or business models are in a growth
phase and have gained an important
market share.
invests
Growth.
Type of fund
Growth Capital.
invests
USD 1.6 million USD 19.2 million.
company
COP $5 billion /
COP $16 billion.
USD 1.6 million /
USD 5.17 million.
Between 40% and 70%
invested
5
realized (exits)
0
N.A.
(consolidated)
N.A.
COP $5 billion COP $60 billion.
93
Fund
information
Gestor Andino is a subsidiary of AEF Private Equity
Management LTD, a company that manages Américas
Energy Fund I, which focus in Latinoamerica´s energy
sector . Shareholders of AEF Private Equity are SCL
Energía (Company with a lot of experience in the Energy
Sector) & LarrainVial (Company with lots of experience
in the Financial Sector).
Fondo Energético Andino invest in projects related to the
energy sector, mainly in Colombia, Chile y Perú among
other countries in Latin America.
Contact information
María Beatriz Antequera
Manager
[email protected]
94
www.sclea.com
Carlos Fuentes
Board of Director Member
[email protected]
[+57] 311 415 6140 (Colombia). [+562] 370 1688 (Santiago de Chile).
Fund name
State of fund:
Closed
General Partner
Fondo Energético Andino
Gestor Andino S.A.S.
Fund administrator
Jose Antonio Jiménez
Andrés Trivelli
Juan Alberto Fernández
Carlos Fuentes
Fund Director(s)
Corredores Davivienda
Final closing
Compartment A: USD 38.2 million
Compartment B: USD 8.2 million
Compartment C: USD 40 million
in companies
Compartment A: 13,7%
Compartment B: 5,9%
Compartment C: 79,5%
First closing date
Compartment A: September 2010
Compartment B: February 2012
Compartment C: February 2015
Compartment A: September 2015
Compartment B: September 2017
Compartment C: February 2020
Compartment A: 10 years
Compartment B: 10 years
Compartment C: 10 years
Colombia, Chile, Perú and some
countries in Central America.
company
Between USD 10 million - USD 30
million in conjunction with parallel funds.
Energy.
Greenfield energy projects or
companies in operation in Latin
America.
invests
The fund aims to have a diversified
portfolio in terms of the development
stage of the companies in which the
fund invests.
Type of fund
Private Equity.
invests
Majority or Minority with control.
invested
6
realized (exits)
0
N.A.
(consolidated)
N.A.
USD 10 - USD 100 million.
95
Fund
information
SEAF Colombia S.A. Sociedad Administradora de Inversion is a firm specialized in managing private equity funds
in Colombia. It is SEAF’s subsidiary, organization headquartered in Washington D.C. dedicated to the management of private equity funds globally.
First diversified private equity fund in Colombia, constituted in December of 2005. Counts with capital provided
by local and international institutional investors. Thesis
investment of disbursements made by the fund are
based in the following strategic guidelines: (i)dynamic
niches and sectors, (ii) innovating concepts of business
(iii) disciplined entrepreneurs with vision, (iv) clear
formula for creating and capturing value, (v) potential for
growth and replication.
SEAF, founded in 1989, has specialized in investing in
small and medium enterprises in emerging markets.
SEAF manages 25 Active Funds spanning 21 countries;
with investment experience in 30 countries. The firm has
realized 401 investments globally and in 33 private equity
funds of different economic sectors.
Contact information
www.seafcolombia.com
Hector Cateriano
CEO
Sergio Pulido
Associate
[email protected]
[email protected]
[+57 1] 635 2399
96
Fund name
Final closing
USD 16.74 million
State of fund:
Closed
General Partner
Fondo Transandino Colombia FCP
SEAF Colombia S.A.
Fund administrator
Fund Director(s)
SEAF Colombia S.A.
Hector Cateriano
in companies
Without available resources for investment
First closing date
December 2005
December 2009
December 2013 extended 1 year to 12/2014
Liquidation period to 12/2016.
Type of fund
Colombia / Peru through the Latam
Growth Fund LGF.
Private Equity.
invests
Accommodation & food service,
administration & support, agriculture,
forestry and fishing, arts, entertainment
& recreation, construction, education,
electricity & gas, extraterritorial
organizations, finance & insurance,
household and personal services,
human health & social work, information
& communication, manufacturing,
mining & quarrying, professional &
technical services, public services and
social security, real estate,
transportation & storage, water &
sewage, wholesale & retail, other
services.
Small and medium enterprises not listed
in the ”Registro Nacional de Valores y
Emisores”, operating or linked to an
economic activity in Colombia.
invests
company
USD 0,5 million / USD 5 million.
Minority.
invested
5
realized (exits)
3 Total Exits, 1 Partial Exit
1.7x times.
(consolidated)
23,5%
Growth.
97
Fund
information
Kandeo Investment Advisors Colombia SAS is made up
of a group of Colombian, Peruvian, and Mexican professionals and executives with significant experience in
banking, finance, investment banking, and in the operations of companies providing goods and services in the
financial and mass consumption sectors. The company
has offices in Bogota, Lima, Mexico City, and Miami.
The objective of the fund is to invest in the equity of
companies that provide financial services to the base of
the pyramid and SME’s that that are not adequately
attended to by the traditional banking institutions in
Colombia, Peru, and Mexico.
Contact information
Edgar Enrique Sandoval
Chief Financial Officer
[email protected]
[+57 1] 635 8184
98
www.kandeofund.com
Fernando Concha
Chief Operations Officer
[email protected]
[+57 1] 635 8184
Fund name
Kandeo Fund I (Colombia)
FCP (KFIC)
State of fund:
Closed
General Partner
Kandeo Investment Advisors
Colombia S.A.S.
Fund Director(s)
Fund administrator
Fiduciaria Corficolombiana S.A.
Final closing
COP $235.15 billion
USD 75.3 million
Eduardo Michelsen Delgado (CEO)
Edgar Enrique Sandoval (CFO)
Fernando Concha (COO)
Eduardo Michelsen Cuellar
(Chairman of the Investment Committee)
in companies
5,31%
First closing date
March 2011
March 2016
Mexico). Because of this, all
investments are Cash In in Common or
Preferred Shares to strengthen the
equity of the company and help it realize
its maximum growth potential. In
addition, Kandeo is significantly involved
in improving operations in the areas
such as finance, business development,
risk management, and HR, among
others.
minimum).
Colombia, Peru, Mexico.
• Financial Services
• Microfinance
• Secured Credit
• Productive Asset Financing
Financial services for the base of the
pyramid, such as companies that
originate microloans, financing for the
acquisition of productive assets for
SME’s, collateral backed private loans,
and payroll discounted personal loans,
among others, in companies that are
and are not regulated by the financial
authorities before or after the moment
of investment.
invests
High Growth – Kandeo invests in
companies with high growth potential in
countries with strong economic
performance and growth that is higher
than the region (Colombia, Peru, and
Type of fund
Private Equity.
invests
Companies with consolidated annual
sales of COP $304 billion - USD 97.4
million.
invested
6
realized (exits)
Secondary sale of 11.59% of the fund
in May 2014.
N.A.
(consolidated)
N.A.
company
COP $14.2 billion / COP $46.7 billion.
Participation level that allows for an
active roll in the strategy and
management of the companies (25%
99
Fund
information
Kandeo Investment Advisors Perú S.A.C is made up of a
group of Colombian, Peruvian, and Mexican professionals and executives with significant experience in banking,
finance, investment banking, and in the operations of
companies providing goods and services in the financial
and mass consumption sectors. The company has
offices in Bogota, Lima, Mexico City, and Miami.
the pyramid and SME’s that are not adequately attended
to by the traditional banking institutions in Colombia,
Peru, and Mexico.
Contact information
[email protected]
[+57 1] 635 8184
100
www.kandeofund.com
Julio Romani
Perú Country Manager
[email protected]
[+51 1] 711 6363
Fund name
Kandeo Fund II (Perú)
Servicios Financieros (KFIIP)
State of fund:
Closed
General Partner
Kandeo Investment Advisors
Perú S.A.C.
Fund Director(s)
Fund administrator
Macrocapitales S.A.F.I. S.A.
Final closing
PEN 419 million USD 144 million
in companies
100%
First closing date
November 2014
November 2019
• Microfinance
• Secured Credit
of investment.
invests
others.
Type of fund
Private Equity.
invests
N.A.
invested
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
company
Determining the minimum and maximum
investment fund takes into account
Kandeo Fund II LP: USD 15 million USD 50 million.
minimum).
101
Fund
information
Linzor Capital Partners is a leading private equity firm in
Latin America, focused on the middle market and
comprised of 20 investment professionals located in
Chile, Argentina, Mexico and Colombia. Linzor seeks to
create value by implementing strategic initiatives and
operational improvements to promote the growth of its
companies. Its six partners have a long track record in
the investment and financial markets sectors, and share
an extensive network of professional relationships within
each market. Since its founding in 2006, Linzor has
raised over USD1.200 million in capital commitments.
Linzor currently manages three private equity funds: LCP
I with commitments of USD 181.5 million, LCP II with
USD 465 million, and LCP III with USD 621 million. The
investment period of LCP I has lapsed and most of its
portfolio has been realized. LCP II is approaching the end
of its investment period, while LCP III had its final close in
May 2015 and is beginning its investment stage.
Contact information
Carlos Emilio Gómez
Partner
[email protected]
[+57 1] 530 5177
102
www.linzorcapital.com
Fund name
Linzor Capital Partners III, L.P.
Fund administrator
JP Morgan Private Equity Fund Services**
General Partner
Linzor Capital Partners**
Final closing
USD 621 million
State of fund:
Closed
Fund Director(s)
Tim Purcell
Alfredo Irigoin
Carlos Ingham
Carlos Emilio Gómez
Cipriano Santisteban
Matías Gutierrez
Jean Bernard Ide
in companies
N.A.
First closing date
March 2015**
March 2021**
May 2025 (10 years)
Latin America.
Multisectorial.
Buyout of control in companies with the
highest potential of value creation within
their sector (Expansion, consolidation
and operational improvement).
invests
Linzor invests in both mature and
high-growth companies.
Type of fund
Private Equity.
invests
USD 40 million and up.
appetite for co-investment, which may
expand the average investment size by a
considerable amount.
Majority/ Co-control.
invested
LCP I and LCP II (Total 11; 5 in LCP I, 7
in LCP II, of which 1 in both Funds).
realized (exits)
LCP I and II: 4.
N.A.
(consolidated)
N.A.
company
Typical range is USD 40 to 90 million.
However, our investors have a high
103
Fund
information
MAS Equity Partners (MEP) is the first Colombian private
equity fund manager operating in the country since 2005
(initially as SEAF Colombia). Alongside SEAF Colombia,
MEP has two funds under management focused on
growth capital for mid-size companies. The firm specializes in active minority interest investments and strong
support to management teams in order to achieve
growth and build value.
MAS Colombia-Latam pursues a focused and complementary three-legged investment strategy (i) Strategic
Growth, (ii) Specialized Services, and (iii) Food Chain
Integration. Target companies follow sound investment
principles: dynamic sectors or niches, entrepreneurs with
vision and discipline, innovative business models, clear
value creation formula, potential for growth and replication.
The MEP team has a combined 49 years of experience
and has completed 37 transactions in emerging markets.
Contact information
Hector Cateriano
[email protected]
104
www.mas-equity.com
Patricio D’Apice
CIO & Managing Partner
[email protected]
[+57 1] 622 0126
Fund name
MAS Colombia-LATAM
Final closing
State of fund:
Closed
General Partner
MAS Equity Partners
Fund administrator
Fund Director(s)
SEAF Colombia S.A.
Hector Cateriano
Patricio D´Apice
in companies
0%
First closing date
April 2011
April 2015
April 2019 (8 years)
Type of fund
Colombia ( 70% minimum) & Latam
(Andean region primarily).
Private Equity.
(consolidated)
invests
Accommodation & food service,
administration & support, agriculture,
forestry and fishing, arts, entertainment
& recreation, construction, education,
electricity & gas, extraterritorial
organizations, finance & insurance,
household and personal services,
human health & social work, information
& communication, manufacturing,
mining & quarrying, professional &
technical services, public services and
social security, real estate,
transportation & storage, water &
sewage, wholesale & retail, other
services.
USD 10 million - USD 100 million,
possible exceptions.
N.A.
Private mid-cap companies, with growth
potential.
invests
N.A.
company
USD 5 million - USD 25 million, possible
exceptions.
Majority or Minority.
invested
4
realized (exits)
N.A.
Growth.
105
Fund
information
MGM Innova Capital LLC is a private equity and venture
capital investment firm focusing on triple bottom line
investments in the fields of energy efficiency, renewable
energy, clean-tech, innovation and sustainable natural
resource management in Latin America and the Caribbean.
The MGM Sustainable Energy Fund LP (MSEF) offers
equity and mezzanine financing for projects in the energy
efficiency and renewable energy sectors in Colombia,
Mexico, Central America, and the Caribbean isles.
The MSEF aims to achieve triple bottom line results
featuring growth opportunities for small and medium
sized enterprises (SMEs), energy savings and reduction
in greenhouse gas emissions.
Contact information
Maria Pia Iannariello
COO
[email protected]
[+1] 786 437 2335 Ext:105
106
www.mgminnovacap.com
Gerardo Aguilar
Fund Manager
[email protected]
[+1] 786 437 2335 Ext: 214
Fund name
MGM Sustainable
Energy Fund, L.P.
Fund administrator
Final closing
USD 63.2 million
First closing date
May 2013
State of fund:
Closed
General Partner
Fund Director(s)
Marco G. Monroy
Gerardo Aguilar
Maria Pia Iannariello
Daniel Smyth
Alejandro Paz
in companies
N.A.
May 2018
2023 (10 years)
With up to two one-year extensions.
Mexico, Colombia, Central America and
Caribbean isles.
company
USD 500.000 minimum
USD 8 million maximum (equity).
• Energy efficiency.
• Renewable energy.
• Small scale.
Majority.
invested
4
The fund invests in energy efficiency
and renewable energy projects through
wholly owned special purpose vehicles
(SPVs).
realized (exits)
invests
Early stage energy efficiency and
renewable energy projects.
Type of fund
Private Equity.
0
N.A.
(consolidated)
N.A.
invests
N.A.
107
Fund
information
Patria Infrastructure Ltd. is a Brazilian alternative investment fund manager founded in 2006 with approximately
2.9 billion in assets under management in Latin America.
The General Partner is a 100% subsidiary of Patria
Investments Ltd. and is currently in the process of investing its Fund III.
The fund’s strategy is to invest in projects or companies
with an operation intensive in infrastructure assets
related to (i) transportation and logistics services; (ii)
ports and airports; (iii) energy generation from a variety
of sources; (iv) telecommunications and (v) environmental infrastructure services. With the strategy of building
and operating assets (greenfield), the fund has the
mandate of investing at least 70 million dollars in each
investment platform.
Contact information
Andrés O’Byrne
Legal Representative
[email protected]
[+57 1] 383 2200
108
www.patriainvestments.com
Fund name
P2 BRASIL Private Infrastructure
Fund III
Fund administrator
Pátria Infrastructure Ltd.
General Partner
Otavio Lopes Castello Branco Neto
Final closing
USD 1.6 billion
First closing date
October 2015
State of fund:
Closed
Fund Director(s)
André Sales
Felipe Pinto
Luiz Otavio Reis de Magalhães
Ivo Godoi
Luiz Rudge
Ricardo Madureira
Carlos Mateos
in companies
100%
October 2020
2027 (12 years)
All of the Latin American region.
Not focused on a specific industry.
The fund invests in operational assets or
in infrastructure projects (greenfield) in
order to operate them and sell services
based on these assets.
invests
Greenfield or operational assets with a
high growth potential.
that permits a total minimum investment
of USD 70 million - no maximum
investment amount for the platform.
Majority or co-control.
invested
2
realized (exits)
The Infrastructure Fund III is currently
on the investment period and has not
exited any of its investment.
Type of fund
Private Equity.
N.A.
invests
(consolidated)
From a non-operational stage onwards.
N.A.
company
Minimum equity investment of USD 40
million on the initial platform, but with a
clear path to develop a business plan
109
Fund
information
Patria Investments Ltd. is a Brazilian alternative investments fund manager founded in 1988 with approximately 9.3 billion dollars in assets under management in Latin
America. The fund manager is associated with The
Blackstone Group, one of the main fund managers in the
world, which holds a 40% stake, and the remaining 60%
are held by 18 Brazilian partners who are directly
involved in the fund manager’s operation. Throughout its
history, Patria Investments has completed over 150
acquisitions in over 50 investment platforms.
The Private Equity Fund V was raised in 2015 and holds
a total investment dry powder of 1.8 billion dollars. The
fund’s strategy is to invest in industries which are related
to (i) competitive differentials of the country in which the
investment platform is based; (ii) structural bottlenecks
in the country, and; (iii) sectors that grow with the overall
population’s income growth. With a strategy of getting
deeply involved in the companies’ operations, the fund
has the mandate of investing at least 50 million dollars in
each investment platform.
Contact information
Andrés O’Byrne
Legal Representative
[email protected]
[+57 1] 383 2200
110
www.patriainvestments.com
Fund name
Pátria – Brazilian
Private Equity Fund V
State of fund:
Closed
General Partner
Alexandre Teixeira de A. Saigh
Fund Director(s)
Fund administrator
Pátria Investiments Ltd.
Final closing
USD 1.8 billion
First closing date
July 2015
Alexandre Teixeira de A. Saigh
Luiz Otavio Reis de Magalhães
Olimpio Matarazzo Neto
in companies
100%
company
(consolidated)
July 2020
2025 (10 years)
All of the Latin American region.
Not focused on a specific industry.
The fund invest in medium and
large-sized companies in sectors that
present opportunities of consolidation
and/or aggressive organic growth in
which we can implement a business
plan of investing at least 50 million
dollars.
invests
High Growth.
Minimum equity investment of USD 20
million on the initial platform, but with a
clear path to develop a business plan
that permits a total minimum investment
of USD 50 million - no maximum
investment amount for the platform.
Majority or co-control.
invested
The Private Equity Fund V has not yet
invested.
realized (exits)
Private Equity.
The Private Equity Fund V is currently
on the investment period and has not
exited any of its investment.
invests
Minimum USD 20 million - total
investment of USD 50 million in the full
development of the business plan.
N.A.
Type of fund
N.A.
111
Fund
information
Southern Cross Group is a private equity fund manager
focused on Latin America. Southern Cross was founded
in 1998 and has since successfully invested in more
than 31 companies across multiple sectors.
Southern Cross looks to acquire controlling stakes in
growing companies and has ample experience partnering with families and professional management to maximize the potential of their business. Currently, Southern
Cross is investing its fourth fund and has offices in 5
countries in Latin America, including an office in Bogota
from which the firm explores opportunities in Colombia
and the Andean Region.
Contact information
Diego Acevedo
Partner
[email protected]
[+57 1] 321 6355
112
www.southerncrossgroup.com
Fund name
Final closing
USD 1.6 billion
First closing date
October 2010
State of fund:
Closed
General Partner
Southern Cross Group
Fund administrator
Fund Director(s)
N.A.
Diego Acevedo
in companies
N.A.
October 2015
Multiple Sectors / Latin America.
invested
31
N.A.
realized (exits)
19
Mid- to large-sized companies in search
primary or secondary equity
transactions.
invests
(consolidated)
Growth & Mature.
N.A.
N.A.
Type of fund
Private Equity.
invests
company
N.A.
Control, majority.
113
Fund
information
Teka Capital is an investment management firm dedicated to private equity investments in Colombia, focused on
creating value in mid-sized companies with proven
business models and potential to establish economic ties
in the region.
The Private Equity Fund Teka I is focused on building a
concentrated portfolio of highly successful businesses
with great growth and value creation potential.
Teka Capital seeks to develop the businesses to their full
potential, leveraging on a skilled management team, with
significant and proven experience at an operational and
investment level, and an extensive network of regional
contacts.
Its companies operate in sectors in which Teka has
proven investment experience and with significant
opportunities to build long-lasting competitive advantages, establish a sound market positioning, and/or provide
products or services with significant value added.
Contact information
www.tekacapital.com/es/
Diego Córdoba
CEO
Juan Antonio Pungiluppi
Executive Director
[email protected]
[+57 1] 321 5200
[email protected]
[+57 1] 321 5200
114
Fund name
Teka I
Final closing
COP $275.18 billion USD 144 million
State of fund:
Closed
General Partner
Teka Capital S.A.S.
Teka Capital PEF I, Inc.
Fund administrator
Fund Director(s)
MaplesFS Limited
Diego Córdoba
Juan Antonio Pungiluppi
in companies
20%
*Exchange rate 31st Dec. 2010: COP $1.913,98
First closing date
December 2010
• Companies with significant potential
for value creation driven by 1) high
growth and/or 2) international growth
and/or consolidation and/or 3)
operational and/or financial
restructuring
invested
December 2015
Latin America, Colombia.
• Agribusiness
• Alternative Energy
• Leisure and Entertainment
• Industrial
• Natural Resources
• Retail
• Engineering Services
• Non-traditional Financial Services
• Health Services
• Logistics and Transportation
• Companies with proven business
models and seasoned management
teams
• Companies with potential to establish
economic ties in the region
• Companies with potential to establish
enduring competitive advantages in
their primary markets, sound market
and/or branding positioning, and with
the capacity to provide products or
services with significant value added
invests
Growth.
Type of fund
Private Equity.
invests
7
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
N.A.
company
COP $20 billion /
COP $45 billion.
USD 10.44 million /
USD 23.5 million.
Majority and/or Minority.
115
Fund
information
had over USD 420 million in assets under management,
and 12 companies.
The FCP Tribeca Energy Fund was established for the
purpose of investing primarily in medium and large
companies operating in Colombia and other Latin American countries in the energy sector in general, including
companies involved in trading markets, distribution,
generation and transmission. The Fund focused its
investment particularly the thermoelectric sector, or in
other companies related to it.
Contact information
Jaime A. Ramirez
Investment Director
[email protected]
[+57 1] 490 0040
116
www.tribeca.com.co
Fund name
Final closing
USD 133.5 million
First closing date
April 2009
State of fund:
Closed
General Partner
Tribeca Energy Fund
Fund administrator
Fund Director(s)
Alianza Fiduciaria
Jaime A. Ramirez
Ciro Mendez
in companies
0%
April 2013
Colombia.
invested
2
Energy
realized (exits)
1 (resulted from the merger of the 2
acquired companies).
Energy sector (generation, transmission,
distribution, marketing) and related
companies in Colombia.
invests
2.2x
Growth.
(consolidated)
Type of fund
17.1% (realized)
Private Equity.
invests
company
Majority.
117
Fund
information
and 12 companies.
The FCP Tribeca Fund I was one of the first institutional
private equity funds created in Colombia with the objective to allow indirect access of institutional investments
to the market of privately held companies. Tribeca Fund I
is a flexible funding source that allows access to
long-term capital to medium-sized businesses that
usually have limited access to external financing in order
to sustain its operational capacity and future growth.
With its large projection, these companies contribute to
the economic dynamism of the country and the creation
of new jobs.
Contact information
Jaime A. Ramirez
Investment Director
[email protected]
[+57 1] 490 0040
118
www.tribeca.com.co
Fund name
State of fund:
Closed
General Partner
Tribeca Fund I
Fund administrator
Felipe Iragorri
Jaime A. Ramirez
Miguel de Pombo
Ciro Mendez
Fund Director(s)
Alianza Fiduciaria
Final closing
USD 131.5 million
First closing date
September 2007
in companies
0%
September 2011
2015 (8 years)
Extendable to 10 years.
Colombia.
invests
• Oil & Gas.
• Consumer Goods.
• Telecommunications.
company
The companies in which the fund
participates were selected primarily on
the basis of the following attributes: (i)
positive operating results, (ii) clear
competitive advantages their own sector
based on proven technologies and
processes, (iii) excellent management
teams, (iv) market growth potential, (v) a
business model with the ability to be
replicated in other countries or regions,
(vi) other attributes to infer that the
investment in these companies can
generate good returns for the fund.
invests
Growth.
Majority.
invested
5
realized (exits)
1
2.1x
(consolidated)
17.8% (includes realized and unrealized
investments to date).
Type of fund
Private Equity.
119
Fund
information
and 12 companies.
The FCP Tribeca Homecare Fund invests in healthcare
companies, specifically in medical pre and post-hospital
service providers, emergencies and ambulance services,
homecare, clinics and other medical services.
Contact information
Felipe Iragorri
Investment Director
[email protected]
[+57 1] 490 0040
120
www.tribeca.com.co
Fund name
Final closing
USD 43.2 million
First closing date
December 2010
State of fund:
Closed
General Partner
Tribeca Homecare Fund
Fund administrator
Fund Director(s)
Alianza Fiduciaria
Felipe Iragorri
in companies
0%
March 2015
Latin America.
invested
1
Healthcare.
realized (exits)
0
Healthcare. Pre and Post-hospital
service providers, emergency services,
homecare, clinics and providers of
medical services in general.
invests
Growth.
N.A.
(consolidated)
17.5% (unrealized).
Type of fund
Private Equity.
invests
company
Majority.
121
Fund
information
and 12 companies.
The FCP Tribeca TC Dorado Fund invests in infrastructure, with a focus on freight and logistics in airport terminals, and in projects of small and medium scale related to
the logistics industry, administration, packaging, storage
and distribution of all kinds of goods and cargo in general,
and its related commercial lines in Colombia.
Contact information
Miguel de Pombo
Investment Director
[email protected]
[+57 1] 490 0040
122
www.tribeca.com.co
Fund name
Final closing
USD 42 million
First closing date
June 2010
State of fund:
Closed
General Partner
Tribeca TC Dorado Fund
Fund administrator
Fund Director(s)
Alianza Fiduciaria
Miguel de Pombo
in companies
0%
June 2015
June 2027 (17 years)
Colombia.
company
Infrastructure.
Infrastructure projects, with a focus on
freight and logistics in airport terminals,
and in projects of small and medium
scale related to the logistics industry,
administration, packaging, storage and
distribution of all kinds of goods and
cargo in general, administration of
parking lots, real estate investments, and
its related commercial business lines.
invests
Growth.
Type of fund
Majority.
invested
2
realized (exits)
1
1.8x
(consolidated)
19.1%
Private Equity.
invests
123
Fund
information
The management company is formed as a result of the
union of knowledge and experience in the purchase, sale
and management of companies. Since foundation to
date, we have studied more than 70 investment opportunities for “FCP Valorar Futuro”, of which 11 were selected and studied by the investment committee. Four of
these were chosen for purchase: Laboratorios Higietex
S.A.S., Profilácticos del Tolima S.A., Mejisulfatos S.A.S. y
Ascender S.A.
The Private Equity Fund “FCP Valorar Futuro” aims to
invest in long term national companies with annual sales
between 20 and 80 billion COP, which are part of a
consolidation process within a sector, mainly mass
market, personal care, agribusiness suppliers, pharmaceutical products, manufacturing and services.
Contact information
Ricardo Toro Ludeke
President
[email protected]
124
www.valorarfuturo.com
Gloria Matilde Arango A.
Vice President
[email protected]
[+57 4] 448 1233
[+57] 310 432 0081 / 310 475 9092
Fund name
State of fund:
Closed
General Partner
Valorar Futuro
Sociedad Gestora Valorar Futuro S.A.
Fund administrator
Ricardo Toro
Gloria Matilde Arango A.
Fund Director(s)
Final closing
in companies
0%
First closing date
April 2013
December 2014
April 2018 (7 to 10 years)
Colombia.
company
COP $6 billion / COP $50 billion.
USD 1.9 million / USD 16 million.
• Health Care.
• Food Industry.
• Agribusiness.
invested
Mass market, personal care,
agribusiness suppliers, pharmaceutical
products, manufacturing and services
with sales between COP $20 billion
(USD 6.4 million) and COP $80 billion
(USD 25.6 million).
realized (exits)
invests
Growth.
Type of fund
Private Equity.
Majority.
4
0
0
(consolidated)
8,82%
invests
USD 3.84 million - USD 8 million.
125
Fund
information
Victoria Capital Partners ("VCP") is an independent firm
led mainly by the same responsible team for investments
of DLJ South American Partners ("DLJSAP"), predecessor of VCP. Focused on private equity investments in
Latin America, Victoria manages two private equity funds
("SAP I" and "SAP II") and co-investment funds with
committed capital of over USD 1.7 billion. VCP seeks
growth through investments in leading companies with
potential growth in the markets of Latin America, mainly
in Brazil, Colombia, Peru, Chile, Argentina and regionally.
country and industry. VCP constantly reviews its investment strategy for each country considering current
trends, market opportunities and risks.
Victoria South American Partners II is the second Victoria Capital Partners fund which officially closed in March
2012 in the amount of USD 850 million which are
designed to invest in companies in South America
including Brazil, Colombia, Peru, Chile, Argentina and
companies with regional presence.
VCP is managed by one of the most experienced teams
in private equity investments in Latin America, a team
that has invested in over 25 companies in the 15 years
they have worked together on average. VCP regional
strategy allows investors have broad diversification by
Contact information
www.victoriacp.com
Ricardo Vázquez
Partner
Juan Camilo Rojas
Investment Professional
[email protected]
[+57 1] 200 7630
[email protected]
[+57 1] 200 7630
126
Fund name
Final closing
USD 850 million
First closing date
March 2012
State of fund:
Closed
General Partner
Victoria South American
Partners II
Fund administrator
Fund Director(s)
Carlos J. García
Mario Spinola
in companies
N.A.
March 2022
Colombia, Brasil, Chile, Perú, Argentina
/ Regional.
COP $100 billion /
COP $1.428 billion
*Fx rate: $2.857 COP/USD.
Multi-sectoral.
Industry leader companies with strong
growth prospects.
invests
High growth / mature. Investments in
established companies with stable cash
flows and high potential growth.
Majority, minority and/or co-control.
invested
Pre - SAP I: 13
SAP I: 9
SAP II: 6
realized (exits)
17
Type of fund
Private Equity.
Confidential.
invests
(consolidated)
Above USD 35 million.
COP $100 billion.
Confidential.
company
USD 35 million /
USD 500 million.
127
Fund
information
The Abraaj Group is a leading private equity investor,
purpose-built for operating in the growth markets of
Africa, Asia, Latin America, the Middle East, and Turkey.
Our local presence in over 25 offices across five regional
hubs gives us unmatched expertise, proprietary transactional access and the ability to grow partner businesses
across borders.
Abraaj Latin America Fund II (ALAF II) invests in medium
and large-sized businesses in Latin-American, transforming them into significant and sustainable regional
operations which deliver strong and consistent returns
for both themselves and our investors.
The Abraaj Group currently manages c. USD 9 billion
across regional, sector and country-specific Funds.
Contact information
www.abraaj.com
Miguel Ángel Olea
Partner, Regional Head Latin America
Daniel Wasserman
Managing Director
[email protected]
[+52] 55 9178 9019 (México)
[email protected]
[+57 1] 637 2500 (Bogotá)
128
Fund name
State of fund:
Fundraising
General Partner
Alaf II
The Abraaj Group
Fund administrator
Fund Director(s)
N.A.
Miguel Ángel Olea
Daniel Wasserman
Héctor Martínez
First closing
Fund size objective
N.A.
USD 500 million
in companies
First closing date
August 2015
August 2020
N.A.
México, Colombia, Perú y Chile.
Majority or influential minority.
invested
Multisectorial.
Companies with high growth potential,
in strategic sectors and experienced
management teams.
invests
Mature companies with high growth and
interest in regional expansion.
Type of fund
Private Equity.
1
realized (exits)
0
N.A.
(consolidated)
N.A.
invests
USD 40 million - USD 200+ million.
company
Minimum: USD 20 million.
Maximum: USD 70 million.
129
Fund
information
Efromovich/Silva Capital Partners is a regional private
equity firm, established in 2012 and managed by
German Efromovich and Gabriel Silva, entrepreneurs
with extensive business experience, reputation and
proven capabilities to create value in a wide range of
sectors and companies in LATAM. The firm is headquartered in Bogotá and has offices in Rio de Janeiro and
Madrid.
Ancla 360 I is a full business cycle private equity fund,
expected to begin operations at the end of 2015, with a
USD 300 million final closing. Ancla 360 I’s multisector
approach targets opportunities in LATAM, with emphasis
in Brazil, Colombia, Peru, and companies in the Iberian
Peninsula with interests in the LATAM region.
Ancla 360 I’s Managing Partners are well-known entrepreneurs with a proven track record in multi-billion asset
management, and with an established network of
companies and business relationships, offering an ideal
position to access and create opportunities.
Contact information
Maria Claudia Correa Ordoñez
Operating Partner
[email protected]
[+57 1] 313 9213
130
www.efromovichsilva.com
Mauricio Vargas Vergnaud
Director Bogotá Office
[email protected]
[+57 1] 313 9213
Santiago Rengifo
Director Madrid Office
[email protected]
[+34] 639 71 2185
Fund name
ANCLA 360 I
State of fund:
Fundraising
General Partner
Efromovich Silva Capital Partners
Fund administrator
Fund Director(s)
Fiduoccidente S.A.
German Efromovich
Gabriel Silva
First closing
Fund size objective
in companies
Fund in Fundraising stage
*Exchange rate 24th Aug. 2015: COP $3.102,60
First closing date
June 2016**
December 2020
2025 (10 years)
Type of fund
LATAM with emphasis in Brazil,
Colombia, and Peru, and companies in
the Iberian Peninsula with interests in
the LATAM region.
Buyout.
• Logistics and transportation.
• Energy.
• Financial services.
• Retail.
• Hospitality.
The Managing Partners’ extensive track
record translates into a multi-sector
approach. The Fund will invest in
companies with a business model
aligned with the Managing Partners’
track records.
invests
Ancla 360 I has a full business cycle
approach, targeting companies in the
early stage cycle, growth, buyout,
distressed assets, as well as special
situations.
invests
The size of the companies the Fund
invests in depends on their stage of
development and business cycle.
N.A.
(consolidated)
N.A.
company
COP $6.2 billion /
COP $248 billion.
USD 2 million/
USD 80 million.
The fund will strive to invest in majority
stakes, but will invest in minority stakes
with shareholder agreements that grant
the Managing Partners executive
control over the portfolio companies.
invested
N.A.
realized (exits)
N.A.
131
Fund
information
Ashmore Management Company Colombia (“Ashmore
Colombia”) is a subsidiary of the London Stock
Exchange listed Ashmore Group plc, a specialist Emerging Markets investment manager with total assets under
management of USD 58.9 billion as of 30 June 2015.
Ashmore Colombia is a company specialized in management of private equity funds; it acts as a professional
manager of Ashmore I-FCP Colombia Infrastructure
Fund.
Ashmore II-FCP Andean Fund (the “Fund”) is a closed
and long-term private equity fund that will make
infrastructure investments in Colombia, Peru, Panama,
Costa Rica, El Salvador and Guatemala. The Fund will
have a parallel fund based in Canada, in order to facilitate
investment processes for those investors domiciled in
jurisdictions other than Colombia.
Contact information
Camilo Villaveces
President
[email protected]
[+57 1] 347 0649
132
Fund name
State of fund:
Fundraising
General Partner
Ashmore II-FCP Andean Fund
Ashmore Management Company
Colombia S.A.S.
Fund administrator
Fund Director(s)
Pending
Camilo Villaveces
Roberto Pérez
Juan Pablo Fonseca
First closing
Fund size objective
USD 150 million
USD 300 million
in companies
First closing date
Pending
N.A.
10 years
treatment of wastewater, potable water
(distribution, transportation, production),
irrigation districts;
(v) telecommunications and satellites:
fixed, wireless, cellular, satellite and
voice and/or data; (vi) refuse and solid
waste management; (vii) infrastructure
logistics, such as cargo terminals, (viii)
social infrastructure (hospitals,
multipurpose infrastructure, etc.).
company
invests
invested
N.A.
Colombia, Peru, Panama, Costa Rica, El
Salvador and Guatemala.
• Transportation.
• Electrical power.
• Gas and oil.
• Water.
• Telecommunications and satellites.
• Garbage and solid waste management.
• Infrastructure logistics and social
infrastructure.
All projects related to, or services
associated with, the following sectors:
(i) transportation: land, rail, air, port
(maritime and river, and the
infrastructure necessary for navigation),
mass transit; (ii) electrical power:
generation, distribution and
transmission; (iii) gas and oil: including
without limitation transportation,
distribution, and transformation
(fractionation, gasification, liquefaction,
etc.), excluding exploration when this
activity is the main purpose; (iv) water:
The Fund, may not directly or indirectly
invest more than 20% of the total
capital commitments existing at the time
at which the investment committee
makes the decision to invest, to develop
new or greenfield infrastructure
projects.
Type of fund
Private Equity.
invests
N.A.
Up to 20% of the total capital
commitments.
Majority and minority. In any case, the
Fund should always be a shareholder
with the capacity to influence in the
decisions.
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
133
Fund
information
Lafise Investment Management (LIM) is a joint venture
between LAFISE, a financial Group with presence in
Central America, Panama, Dominican Republic, Colombia, Venezuela, Mexico and United States; and NORFUND, a Norwegian institution for developing countries.
LIM has been focused in the sector of Small and Medium
Enterprises (SMEs) in growth stage; having three Funds
under administration: CASEIF I (USD 13.75 million),
incorporated in 2000; and CASEIF II (USD 29 million),
incorporated in 2007; and 2014 the Fund CASEIF III LP
(USD 35.9 million). It has been executed 27 Investments in six countries, 15 exits realized and CASEIF I
was liquidated.
CASEIF III LP is a Fund established in August 2014 with
an initial capital of USD 28.57 million, a second closing
of USD 35.9 million and a target size of US$ 60 million
in a final closing. Same to their predecessors, CASEIF III
LP is focused in SMEs in growth stage; the minimum
investment per company is US$ 2.0 million and the maximum US$ 5.0 million. The geographic focus is Central
America, Panama, Dominican Republic, Colombia, where
LAFISE Group has presence.
Contact information
Erick Lagos
[email protected]
[+505] 2277 1111
134
www.lafiseinvestment.com
Fund name
CASEIF III LP
State of fund:
Fundraising
General Partner
LIM LTD
Fund Director(s)
Fund administrator
Lafise Investment Management
Roberto Zamora
Erick Lagos
Hugo Chaves
Alvaro Padilla
First closing
Fund size objective
in companies
USD 28.75 million
USD 60 million
First closing date
August 2014
August 2019
invests
(consolidated)
90%
Central America, Panama, Dominican
Republic, Colombia.
SME lower range – annual sales up to
USD 15 million.
15%
• Agro-industry
• Food processing..
• Renewable energy.
• Services.
• Manufacturing
• IT.
SME upper range – annual sales higher
than USD 15 million and lower than
USD 25 million.
company
Minimum: USD 2 million.
Maximum: USD 5 million.
Multi-sectoral and focus on the SME
with fewer than 500 employees and
less than USD 25 million in annual
sales/assets, thereby having a stronger
development impact with more poverty
reduction.
invests
realized (exits)
Majority and minority.
invested
2
Growth.
0
Type of fund
Private Equity. The Fund is focused in
mezzanine investments and Equity in
limited cases.
0
135
Fund
information
Catterton is a private equity fund established in 1989
with an AUM of ~$5B USD. Catterton has invested in
over 100 companies over the past 26 years. The fund
invests in the consumer sector and focuses on the
following verticals: food and beverage, retail and restaurants, consumer and marketing services, and branded
consumer products.
Catterton Aimara Latin America Fund II, L.P. (“CALA II”) is
aimed at providing growth equity to well positioned
consumer related opportunities in Latin America. The
fund will pursue 10-12 investments, typically of $40-75
million in equity, and offers near term opportunity to
rapidly deploy capital in a fully developed pipeline.
CALA II leverages Catterton’s 26 year franchise and
capabilities. Catterton’s industry leading research, proprietary deal flow, extensive network of relationships, and
deep investment and operating team all accrue to the
benefit of CALA II. Accordingly, CALA II is uniquely advantaged vis-à-vis a stand-alone fund of similar size.
Contact information
Dirk Donath
[email protected]
[+1] 212 600 2139
136
www.Catterton.com
Fund name
Catterton Aimara Latin America
Fund II, L.P.
State of fund:
Fundraising
General Partner
CALA Managing Partner II, L.P.
Fund administrator
Fund Director(s)
Catterton Latin America Management Co.
Dirk Donath
Ricardo Salmon
First closing
Fund size objective
USD 250 million
USD 500 million
in companies
First closing date
July 2015
N.A.
10 years
100%
Brazil, Colombia, Mexico.
company
Consumer sector:
• Food and beverage.
• Retail and restaurants.
• Consumer and marketing services.
• Branded consumer products.
CALA will seek to systematically identify
well-positioned companies in consumer
categories with superior growth
potential.
invests
Growth.
Type of fund
Private Equity.
Flexible: Minority, majority or co-control.
invested
Undisclosed.
realized (exits)
Undisclosed.
Undisclosed.
(consolidated)
Undisclosed.
invests
Over USD 50 million.
137
Fund
information
The General Partner launched its second fund: ”Expansión Valorar Futuro” The company is formed as a result of
the union of knowledge and experience in the purchase,
sale and management of companies. Since foundation
to date, we have studied more than 70 investment opportunities for “FCP Valorar Futuro”, of which 11 were
selected and studied by the investment committee. Four
of these were chosen for purchase: Laboratorios
Higietex S.A.S., Profilácticos del Tolima S.A., Mejisulfatos
S.A.S. y Ascender S.A.
The Private Equity Fund “Expansión Valorar Futuro” aims
to invest in long term national companies with annual
sales between 10 - 40 million dollars, which are part of a
consolidation process within a sector, mainly mass
market, personal care, agribusiness suppliers, pharmaceutical products, manufacturing and services.
The fund invests in companies in needs of working
capital, in the form of mezzanine loans, participate on
capital, retaining the traditional support to the management and value creation.
Contact information
Ricardo Toro Ludeke
President
[email protected]
138
www.valorarfuturo.com
Carlos Enrique Correa
[email protected]
[+57 4] 448 1233
[+57] 310 814 6769
Fund name
Expansión Valorar Futuro FCP
State of fund:
Fundraising
General Partner
Sociedad Gestora Valorar Futuro S.A.
Fund Director(s)
Fund administrator
First closing
Fund size objective
Ricardo Toro
Gloria Matilde Arango
Juan Camilo Vallejo
Carlos Enrique Correa
in companies
0%
First closing date
N.A.
N.A.
N.A.
Colombia.
company
USD 1.6 million / USD 16 million.
• Health Care.
• Food Industry.
• Agribusiness.
invested
Mass market, personal care,
agribusiness suppliers, pharmaceutical
products, manufacturing and services
with sales between COP $ 20 billion USD 6.4 million and COP $80 billion USD 25.6 million.
realized (exits)
invests
Growth.
Type of fund
Private Equity.
Mezzanine.
0
0
0
(consolidated)
N.A.
invests
USD 3.84 million - USD 25.6 million.
139
Fund
information
Colombia’s capital market. It offers its customers the
Profesionales de Bolsa entered in the Agribusiness
Market with the Private Equity Fund - Livestock Investments that focuses on feeder cattle and its commercialization. Currently, 30 compartments have been created
and successfully administrated in a five year period,
giving us the knowledge and capacity to continue working on the most important project for feeder cattle in
Colombia.
Contact information
Gustavo Torres
Beatriz Cuello
[email protected]
[email protected]
[+57 1] 646 3330
[+57 1] 646 3330
140
Alba Zapata
[+57 1] 646 3330
Fund name
Inversiones Ganaderas
State of fund:
Fundraising
General Partner
Fund administrator
Fund Director(s)
Gustavo Torres
Beatriz Cuello
First closing
Fund size objective
By fund.
COP $100 billion
USD 32 million
in companies
N.A.
First closing date
By fund.
One open each 2 months
By fund.
By fund.
Colombia: Casanare, Córdoba,
Antioquia, Cesar and Magdalena.
invests
N.A.
Agro - Industrial.
company
The core business of the Fund is the
purchase of breeding cattle, which is
bought with a weight between 260 and
300 Kg and sold once, reached
approximately 450 Kg, in order to
optimize their weight gain with an
average of 12 Kg/month.
invests
Growth/ Currently we have 11 farms
under management across the country
and we are looking to expand our
horizons.
Type of fund
Natural Resources.
By compartment.
Total.
invested
34
realized (exits)
N.A.
N.A.
(consolidated)
14 % E.A. (expected)
141
Fund
information
Kandeo Fund II GP is made up of a group of Colombian,
Peruvian, and Mexican professionals and executives with
significant experience in banking, finance, investment
banking, and in the operations of companies providing
goods and services in the financial and mass consumption sectors. The company has offices in Bogota, Lima,
Mexico City, and Miami.
the pyramid and SME’s that are not adequately attended
to by the traditional banking institutions in Colombia,
Peru, and Mexico.
Contact information
[email protected]
[+57 1] 635 8184
142
www.kandeofund.com
Fernando Concha
Chief Operations Officer
[email protected]
[+57 1] 635 8184
Sergio Contreras - México Country Manager
[email protected]
[+52] 55 2223 0588
Julio Romani - Perú Country Manager
[email protected]
[+51 1] 711 6363
Fund name
Kandeo Fund II LP
State of fund:
Fundraising
General Partner
Kandeo Fund II GP
Fund Director(s)
Fund administrator
Augentius Fund Administration Inc.
Fund size objective
Two partial closures by USD 67.8 million
in companies
*USD 115 million (Expected closure February 2016)
69%
First closing date
October 2014
October 2019
others.
minimum).
• Microfinance
• Secured Credit
of investment.
invests
Type of fund
Private Equity.
invests
N.A.
company
invested
1
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
Determining the minimum and maximum
investment fund takes into account
Kandeo Fund II (Peru) Financial
Services (KFIIP) which USD 15 million USD 50 million.
143
Fund
information
MAS Equity Partners (MEP) is the first Colombian private
equity fund manager operating in the country since 2005
(initially as SEAF Colombia). Alongside SEAF Colombia,
MEP has two funds under management focused on
growth capital for mid-size companies.
MAS Equity Fund III will focus on equity investments in
high-growth, medium sized companies in Colombia
which the investment team believes are poised to benefit
from strategic growth. The target will be companies with
robust business models who are looking to expand and
replicate their business either locally or regionally.
The firm specializes in active minority interest investments and strong support to management teams in order
to achieve growth and build value. The MEP team has a
combined 49 years of experience and has completed 37
transactions in emerging markets.
Contact information
Hector Cateriano
[email protected]
144
www.mas-equity.com
Patricio D’Apice
CIO & Managing Partner
[email protected]
[+57 1] 622 0126
Fund name
State of fund:
Fundraising
General Partner
MAS Equity Fund III
MAS Equity Partners
Fund administrator
Fund Director(s)
SEAF Colombia S.A.
Hector Cateriano
Patricio D´Apice
First closing
Fund size objective
N.A.
USD 200 million
in companies
First closing date
N.A.
N.A.
100%
8 years
Colombia ( 70% minimum) & Latam
(Andean region primarily).
• Consumer services
• Food services
• Education
• Healthcare
• Financial services
• Energy services
• Engineering and other specialized
services
• Transportation & logistics
Private mid-cap companies, with growth
potential.
invests
Growth.
Type of fund
Private Equity.
invests
company
Minority.
invested
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
145
Fund
information
Small Enterprise Assistance Funds (SEAF) is a global
investment manager, with over 25 years of experience
structuring and managing private equity funds to invest in
small and medium enterprises (SMEs) in emerging
markets. SEAF is currently present in over 26 countries
with capital commitments of USD 687 Million, and has
managed over 35 funds. SEAF is pioneer in the Private
Equity industry in Colombia having launched the first
Fund in the country in 2005.
SEAF Colombia Agribusiness Fund (SCAF), is SEAF’s
third Private Equity Fund established in Colombia. SCAF
will invest risk capital instruments in high-growth small
and medium enterprises (SMEs) in Colombia’s agribusiness sector. The target size of SCAF is US$60 Million.
Contact information
Mauricio Samper
[email protected]
[+57 1] 622 01 26
146
www.seafcolombia.com
Fund name
SEAF Colombia
Agribusiness Fund (SCAF)
State of fund:
Fundraising
General Partner
SEAF Management LLC
Fund administrator
Fund Director(s)
SEAF Colombia SAI
Mauricio Samper
First closing
Fund size objective
USD 30 million
Max. USD 80 million
in companies
First closing date
December 2015
December 2020
20%
Colombia.
Minority.
invested
Agribusiness.
Established small and medium
enterprises operating along the value
chain in the Agribusiness sector in
Colombia, with high growth potential
and a proven track record in a
transformation/industrial-based
business model.
invests
Growth.
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
Type of fund
Private Equity.
invests
USD 3 million - USD 50 million
approximately.
company
USD1 million.
147
Fund
information
Agrofuturo is a specialized company that manages
information to promote sustainable agricultural development through the management of agricultural assets and
the provision of specialized services for the sector
The private equity fund Serfinco Agribusiness aims to
invest in projects of the Colombian agricultural sector ,
allowing the investor to gain exposure to the expected
revitalization of the sector. Value generation will be created by the transformation of unproductive land in agricultural companies.
Contact information
Camilo Pérez
Gerente Asset Management
[email protected]
[+57 4] 444 6212
148
www.agrofuturcolombia.com
Fund name
State of fund:
Fundraising
General Partner
Serfinco Agronegocios
Agrofuturo
Fund administrator
Fund Director(s)
Ultra Serfinco
Camilo Pérez
First closing
Fund size objective
in companies
25%
First closing date
N.A.
N.A.
N.A.
Colombia.
30% -100%
invested
Agriculture.
Greenfield projects in Cocoa.
invests
Start Up (greenfield projects).
1
realized (exits)
0
N.A.
Type of fund
Natural Resources-Private Equity.
invests
(consolidated)
15%
More than COP $10 million USD 3.203.
company
COP $50 million /
COP $100 million.
USD 0.016 million /
USD 0.032 million.
149
Fund
information
Sembrador S.p.A is a private equity fund manager founded in 2005 in Chile. Actually, Sembrador manages
USD70 million through three private equity funds: Crecimiento Agrícola FICA (2005) AgroDesarrollo (2009)
and Victus Chile (2014). At June, the total capital has
been invested in 14 agricultural societies in different
regions of Chile (6 were divested in 2013 through a sale
to an important Chinese company). Victus Colombia will
be the fourth fund managed by Sembrador Equipment
(USD15-USD50 million in the first compartment).
CORFO, MIF and CAF are some of its investors.
VICTUS Colombia will become the fourth fund managed
by Sembrador S.p.A, which aims to replicate the Chilean
model in this country, managing resources by about $ 50
million in its first compartment. The objective of the fund
will invest in agricultural development projects in different regions of the country, implementing technologies
that contribute to a precision agriculture, sustainable, low
risk and attractive returns for investors. Pineapple, Hass
avocado, Cocoa and Lemon are some of the products
analyzed to develop in its first stage.
Contact information
Jorge Karadima L.
[email protected]
[+56 9] 9743 5271 (Chile)
150
www.sembradorcapital.com
Maria Carolina Pacheco
[email protected]
[+57 1] 325 8030
State of fund:
Fundraising
Fund name
Fund Director(s)
Fund administrator
Jorge Karadima
CEO
José Miguel Fernandez
Managing Director
José Antonio Jiménez
Managing Director
Victus Colombia
Larrain Vial Colombia S.A.
General Partner
Sembrador S.p.A
First closing
Fund size objective
in companies
USD 15 million (first compartment)
USD 50 million
First closing date
December 2016
5 years
10 years
Type of fund
The Fund expects to invest in any
Colombian region up to 60% of The
Fund. The remaining percentage (40%)
could be invested in other
Latin-American countries such as Chile,
Perú, Costa Rica, Paraguay, Uruguay,
Panamá and Ecuador.
Private Equity.
(consolidated)
100%
invests
N.A.
company
Agriculture - Agro Industry.
Minimum: USD1 million
Maximum: 50% of total investment
commitments.
The Fund is likely to develop new
corporations that acquire the assets the
Fund is interested on. This company will
start with fresh accounting. A through
due diligence of the land using
professional legal advisors will be
carried on. Having said this, investing in
existing corporations is not banned from
the business model.
invests
• Start-ups with prototype
• Scaling-up of existing companies
• Initiatives in mature industries
14% (estimated).
Majority.
invested
N.A.
realized (exits)
N.A.
2.4X (estimated).
151
Fund
information
VENTURE
E CAPITAL
VENTURE CAPITAL
FUNDS
Axon Partners Group is an international investment,
corporate development and consulting company specializing in emerging markets. It was founded by entrepreneurs with extensive financial experience in business
development, Axon has grown to create a team of over
40 experts worldwide.
Amerigo Ventures Pacífico is a private equity fund
launched by Axon in 2013 to concentrate its investments in LatAm, particularly in Colombia, Mexico and
Peru. It is notable for being the only 100 % market fund
focused in local companies of the Digital Economy with
potential for regional expansion. Amerigo Ventures
Pacifico has invested in five companies to date:
Axon Partners Group - Investment has two great qualities, as they combine global presence with local expertise. They manage funds of several hundred million
dollars and invest in companies in Latin America, Spain
and India. Axon has a successful track record in sectors
such as energy, health and digital economy. They invest
from USD 200.000 to USD 15.000.000.
• ClickDelivery ( May 2013 ) - divested with multiple 4x
• RedSeguro ( May 2013 ) - now called Busqo
• PideFarma ( Aug 2013 ) - divested
• O4IT ( February 2014 )
• Enmedio ( June 2015 )
Contact information
Alfonso de León
Partner
[email protected]
[+571] 635 3007
154
www.axonpartnersgroup.com
Daniel Martin - Manager
Mario Alejandro Rojas - Associate
[email protected]
[email protected]
Iván Feito - Manager
[email protected]
Fund name
Amerigo Ventures Pacífico FCP
Final closing
USD 52 million
State of fund:
Closed
General Partner
Axon Partners Group
Fund administrator
Fund Director(s)
Alfonso de León
Daniel Martin
Iván Feito
in companies
>75%
First closing date
January 2013
January 2018
2023 (10 years)
invests
(consolidated)
Colombia, Mexico, Peru.
Start-up & growth.
• Technology.
• Media and telecoms.
Type of fund
invests
The main objective of the fund is to
invest in companies in the digital
economy, such as:
• E -Commerce, eg retail, e-health,
e-learning or work.
• Online Advertising, eg classified,
Crowd -sourcing or collective marketing
models.
• Digital entertainment, eg Video OTT,
social gaming or fantasy gaming.
• Financial online services, eg online
payments or aggregators.
• Online platform enablers, eg cloud or
hosting e- commerce services.
• Machine to machine communication (
M2M ), p.ejs mart energy, environmental
management, location based services or
digital home.
• Online Security, eg authentication or
security applications in companies.
Confidential.
Venture Capital.
We seek enterprises with annualized
sales over USD 1 million.
company
USD 200.000 / USD 15 million.
Minority.
invested
5
realized (exits)
2
• Total capital 2x times approx.
• Capital participation 4x sold.
155
VENTURE CAPITAL FUNDS
Fund
information
NXTP Labs has developed and implemented an innovative accelerating program which provides young entrepreneurs with seed funding plus infrastructure, training,
mentoring and interactive marketing services. NXTP
Labs assists entrepreneurs with the plan, the prototype,
the business model, the marketing and the growth
strategy.
With operations in Argentina, Chile, Colombia, Mexico
and Uruguay, NXTP Labs is the most active early-stage
fund for tech companies in Latin America. The firm has
partnered with teams from more than 15 countries, and
has invested in more than 160 companies in just over 4
years of operations. The company is focused on helping
early-stage companies become the next unicorns on
tech verticals: Advertising, Agribusiness, Bitcoin, Big
Data, Cloud, E-Commerce, Education, Finance, Gaming,
IoT, Mobile, Security, Social Network, Social Commerce
and Video.
NXTP Labs has strong digital business know-how, rich
regional business experience and relevant international
contacts in the target sector of high value-added technological companies. NXTP Labs is rolling out a program
that enables mentors, in different areas, not only provide
their knowledge but also co-invest in its accelerated
companies.
Contact information
Catalina Gutiérrez
Operations Manager Colombia
[email protected]
156
www.nxtplabs.com
Francisco Coronel
[email protected]
[+54 11] 5278 3248
Fund name
Certo S.A.
Fund administrator
Nibeluz S.A.
Final closing
USD 38.5 million
State of fund:
Closed
General Partner
Nibeluz S.A.
Fund Director(s)
Marta Cruz
Francisco Coronel
Ariel Arrieta
Gonzalo Costa
in companies
25%
First closing date
July 2015
July 2019
July 2022 (10 years)
Latin America, particularly Colombia,
Mexico, Brazil, Chile and Argentina.
Technology, preferably in these sectors:
Advertising, Agribusiness, Bitcoin, Big
Data, Cloud, E-Commerce, Education,
Finance, Gaming, IoT, Mobile, Security,
Social Network, Social Commerce and
Video.
invests
Between USD 0 and USD 2 million.
company
Minimum USD 25.000
Maximum USD 1 million.
Minority.
invested
Early-stage technology companies that
have growth potential at regional or
global scale, oriented to digital business
such as: Advertising, Agribusiness,
Bitcoin, Big Data, Cloud, E-Commerce,
Education, Finance, Gaming, IoT, Mobile,
Security, Social Network, Social
Commerce and Video.
+160
invests
(consolidated)
Start-up.
realized (exits)
9
8 times.
30%
Type of fund
Venture Capital.
157
Fund
information
The Fondo de Capital Privado de Emprendimiento e
Innovación en Servicios Públicos is the private equity
investment platform of Empresas Públicas de Medellín
(EPM) and EPM Inversiones.
FCP Innovación SP, the fund managed by the GP, has
the mandate of investing in companies and start-ups
focused on innovation and applied technologies for
public services sectors.
The Fund focuses on maximizing return on investment
and on accelerating innovation for public services value
chains, including energy, gas, water, ICTs and waste
management.
Contact information
Felipe Zárate Gutiérrez
Key Person
[email protected]
158
www.fcp-innovacion.com
Cristian Vallejo Isaza
Senior Analyst
[email protected]
[+57 4] 380 7907
Fund name
FCP Innovación SP
State of fund:
Closed
General Partner
FCP Innovación SP
Fund administrator
Fund Director(s)
Credicorp Capital Colombia S.A
Felipe Zárate Gutiérrez
Final closing
Fund size
in companies
75%
First closing date
April 2013
April 2018
Type of fund
Colombia or abroad (except Bolivia,
Ecuador, Nicaragua and Venezuela).
Venture Capital / Private Equity.
(consolidated)
• Energy.
• Water.
• Waste transformation.
• Information.
• Communication technologies.
Companies or start-ups dedicated to the
design & production of leading-edge
products or services or to the
development of processes focused on
innovation and applied technologies that
can be leveraged by public service value
chains, or the operational aspects of
public services and/or information and
communication technologies (ICTs), and
that qualify as venture capital
opportunities.
invests
Start-up & growth.
invests
N.A.
N.A.
company
COP $1 billion /
COP $20 billion.
USD 0.3 million /
USD 7 million.
Minority.
invested
3
realized (exits)
N.A.
N.A.
159
Fund
information
group in Colombia.
Progresa Capital Fund was the first Early Growth Fund
created in Colombia.
and medium sized enterprises in Latin America. Our team
has proven experience and track record in strategic
consulting, financial structuring and Private Equity.
investees.
Contact information
Juan Andrés Vásquez Gutiérrez
Investment Manager
[email protected]
[+57 4] 448 4511 Ext: 126
160
Our investments aim to have a stake at Colombian
companies that have developed innovative products or
services and could be globally competitive. These
companies are usually at an early stage of growth and in
need of equity and strategic support.
The Fund will seek a minority share, with the possibility of
actively participating in strategic and investment decision
making, through the Board of Directors of the companies
in which it has invested, in order to add value in a period
of three (3) to six (6) years, as well as the possibility of
participating in follow on investment rounds and subsequently seeking strategic investors related to the
business in which it has invested.
Fund name
Progresa Capital
Final closing
State of fund:
Closed
General Partner
Promotora
Fund administrator
Fund Director(s)
Francisco Alejandro Mira Aguilar
in companies
0%
First closing date
October 2008
April 2014
Colombia.
• ICTs.
• Life Sciences.
• Applied Engineering.
company
COP $1 billion /
COP $8 billion.
USD 0.32 million /
USD 2.56 million.
Minority.
Companies that are at an early stage of
technological adoption of their products
or business models, with developed
proofs of concept and/or prototypes,
and preferably with income below USD
1.5 million.
invested
invests
Early Growth.
Type of fund
Venture Capital.
invests
7
realized (exits)
Two total exits and one partial exit.
2.55x
(consolidated)
22,63%
COP $1 billion COP $5 billion.
USD 0.32 million USD 1.6 million.
161
Fund
information
Velum Ventures specializes in managing investments in
companies that are in an early stage of development and
that are highly innovative in their business models. The
management team's experience in this type of business,
has allowed us to develop a support methodology based
on the identification of key implementation activities,
seeking to maintain a fast and efficient growth of the
enterprises we invest. Founded in 2012, Velum Ventures
has positioned as one of the most active managers of
Venture Capital on early stage in Colombia and Latin
America, promoting a new generation of successful
entrepreneurs in the region.
Velum Early Stage Fund I is the first fund managed by
Velum, which focuses in multi sector companies based
on digital business and information technology. The fund
is actively seeking early-stage companies with high
differentiating value in its business model, established in
Colombia, in markets with high growth rates, and which
have highly talented, experienced entrepreneurs
committed to expand their companies.
Contact information
Esteban Velasco
Managing Partner
[email protected]
[+57 4] 266 9243
162
www.velumventures.com
Esteban Mancuso
Managing Partner
[email protected]
[+57 4] 266 9243
Fund name
Velum Early Stage Fund I
Final Closing
State of fund:
Closed
General Partner
Velum Ventures S.A.S.
Fund administrator
Fund Director(s)
Helm Fiduciaria S.A.
Esteban Velasco
Esteban Mancuso
in companies
27%
First closing date
June 2014
June 2017
2021 (7 years)
Type of fund
Colombia.
Venture Capital.
invests
Multi-sector, using digital businesses
and information technologies.
The investment philosophy of the Fund,
as well as DNA of Velum, focuses on
investing first and most important on
people: Dedicated, talented, with deep
experience in their businesses, and
capable of leading their companies to
new market challenges. Likewise, Velum
invests exclusively where there are clear
differentiating business models,
entering in early stages, searching
expanding market opportunities.
invests
Early Stage: Where there is a minimum
viable product (MVP) and have
successfully validated their commercial
implementation in the market.
Preferably in companies with turnover of
less than COP $1 billion - USD 0.32
million a year.
N.A.
(consolidated)
N.A.
company
First rounds between COP $200 - USD
0.06 million and COP $1 billion USD 0.32 million, with possibility to
extend subsequent investments
(follow-on).
Minority.
invested
13 companies to date.
realized (exits)
N.A.
163
Fund
information
Atom Ventures S.A.S. is a subsidiary of Socialatom
Ventures, a company formed for the purpose of managing venture capital funds in Colombia or abroad and
invest directly or through national or international vehicle
investments. As General Partner, will participate as an
investor with an investment equivalent to at least 1 % of
the size of the Fund.
Firstrock invests in technology-based companies that
are born global or for all of Hispanic America from
Colombia and have provided positive indications of exponential growth.
Contact information
Edgard D. Duque
Associate
[email protected]
[+57] 320 952 4246
164
www.socialatomventures.com
Fund name
Firstrock Capital Colombia I
State of fund:
Fundraising
General Partner
Atom Ventures S.A.S.
Fund Director(s)
Fund administrator
First closing
Fund size objective
Andres Barreto | Key Person
Erik Stettler | Principal
Edgard D. Duque | Associate
in companies
100%
First closing date
2016
2021
2024 (8 years)
Can be extended for up to an additional 2 years.
All the regions of Colombia.
Investments will be aimed to companies
across different economic sectors that
provide physical or digital products or
services through the Internet or digital
networks.
The Fund invests in companies of the
digital economy in their early stages of
development that provide physical or
digital products or service and that
present innovative projects based on
technology, with additional Follow-On
investments in those that have the most
potential.
invests
Seed/ Start-up, with additional
Follow-On investments in those
companies that have the most potential.
Type of fund
Venture Capital.
invests
COP $0 - COP $1 billion / up to USD
0.32 million.
company
USD 16.015 / USD 320.313.
Minority.
invested
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
Expected to be greater than 30%
165
Fund
information
Our collective track record includes: creating 27 companies and selling 12, doing 32 investments and exiting 9,
participating in 3 US-based IPO, helping in 3 LatAm roll
outs, creating the first accelerator in LatAm, first
compay-builder in LatAm, leading 3 entrepreneurial
organizations and developing a government-sponsored
early stage funding program. Most importantly we are a
group of entrepreneurs for entrepreneurs.
Nazca Colombia is a local Venture Capital Fund backed
by regional experienced entrepreneurs. We offer a
multi-stage funding structure: from product to growth
and growth to profitability. Nazca, at a regional level, has
proved track record with 23 investments in Chile and
Mexico. Using deep data, Nazca has optimized the
investment allocation strategy in order to boost return,
through its Power Law investment strategy which implies
high ownership in high performing companies. Nazca is
the only regional fund with 5 local operations to offer
companies a regional soft-landing. The regional strategy
improves three indicators: i) A larger market size, ii)
Improved profitability ratios and iii) Improved investment
and exit probabilities.
Contact information
Daniela Calleja Martínez
Managing Director
[email protected]
166
www.nazca.vc
Santiago Caniggia Bengolea
Managing Partner
[email protected]
Fund name
Nazca Investments FCP
State of fund:
Fundraising
General Partner
Nazca Ventures Colombia S.A.S
Fund Director(s)
Fund administrator
Daniela Calleja Martinez
Regional Board:
Felipe Henríquez
Héctor Sepúlveda
First closing
Fund size objective
COP $46.8 billion USD 15 million
in companies
85%
First closing date
June 2015
June 2018
June 2021
exponential, measurable and evident, clearly
accomplishing a breakthrough.
Type of fund
Outstanding Team
Verify that the team has the correct DNA
and required execution capabilities to
achieve the above.
company
With a chance to expand it 6 more years.
LATAM region with a potential global
expansion.
Technology: nanotech, IT, IoT o Internet
of things, biotech, clean-tech, e-health,
among others.
Clear “Unfair Advantage”
Identify that the company has an
outstanding value proposition that clearly
demonstrates they can achieve the
potential market share. Nazca refers to the
outstanding value proposition as the “unfair
advantage”. Nazca focuses in identifying
the following value proposition types:
Non Existing Competitors
A product or service that has been
successfully proven outside the target
region (LatAm), is not currently available
and has achieved a proof-of-concept,
market-product fit or considerable traction
unique operational execution capability
prove that the mirror product or service
requires local management in order to
succeed
Value by Break-Out or Disruption
A product or service that clearly improves
the alternative’s existing value proposition.
The proposed improvement must be
Attractive Profitability and Business
Metrics
Verify that the company has potential to
reach high profitability ratios and solid
business metrics.
Vast Scale Opportunities
Identify companies that have the potential
of generating enough growth or revenue in
order to, at least, return the entire fund
based on a high-ownership scenario.
Market Size
Identify that the company serves a large
enough or uncapped market that enables
such growth or potential revenue.
invests
Seed/ Start-up/ Growth/
Nazca invests in 3 phases follow-on:
Phase 1: Seed - Idea to Product
Phase 2: Seed - Product to Growth
Phase 3: Series A and B - Growth to
Profitability
Venture Capital.
Phase 1: Seed - Idea to Product
USD 200.000 - USD 400.000
Phase 2: Seed - Product to Growth
USD 500.000 - USD 800.000
Phase 3: Series A and B - Growth to
Profitability USD 1 million USD 3 million.
Minority.
invested
1
realized (exits)
N.A.
N.A.
(consolidated)
Expected: 38,83%
167
Fund
information
group in Colombia.
Our investments aim to have a stake at companies that
have developed innovative products or services and
could be globally competitive. These companies are
usually at an early stage of growth and in need of equity
and strategic support.
and medium sized enterprises in Latin America.
Our team has proven experience and track record in
strategic consulting, financial structuring and Private
Equity.
investees.
Contact information
Agostinho Almeida
Investment Manager
[email protected]
[+57 4] 448 4511 Ext: 112
168
The Fund will invest in companies in Colombia and co-invest with local funds in companies within the Pacific
Alliance (Peru, Chile, Mexico)
The Fund will seek a minority share, with the possibility of
actively participating in strategic and investment decision
making, through the Board of Directors of the companies
in which it has invested, in order to add value in a period
of three (3) to six (6) years, as well as the possibility of
participating in follow on investment rounds and subsequently seeking strategic investors related to the
business in which it has invested.
Fund name
Promotora Early Growth Fund II
State of fund:
Fundraising
General Partner
Promotora
Fund administrator
Fund Director(s)
Francisco Alejandro Mira Aguilar
First closing
Fund size objective
in companies
First closing date
N.A.
N.A.
9 years
*Exchange rate 30th Sep. 2015: COP $3.121,94
0%
Extendable one year.
Colombia and co-investments in Chile,
Mexico and Peru.
company
• ICTs.
• Life Sciences.
• Applied Engineering.
Companies that are at an early stage of
technological adoption of their products
or business models, with developed
proofs of concept and/or prototypes,
and preferably with income below USD
1.5 million.
invests
Early Growth.
Type of fund
Venture Capital.
Minority.
invested
N.A.
realized (exits)
N.A.
N.A.
(consolidated)
N.A.
invests
169
Fund
information
IMP
PACT
IMPACT
FUNDS
Established in 2001, Acumen is a pioneering impact
fund that is changing the way the world tackles poverty.
Acumen invests in early stage companies that provide
services to low income communities, focusing on the
following sectors: agribusiness, education and energy.
Contact information
Virgilio Barco
Latin America Director
[email protected]
[+57 1] 638 60 33
172
www.acumen.org
Fund name
Acumen
Final closing
N.A. - Evergreen fund
State of fund:
Closed
General Partner
Acumen
Fund administrator
Fund Director
Acumen
Virgilio Barco
in companies
100%
First closing date
Colombia and Peru.
Minority.
invested
• Agribusiness.
• Education.
• Energy.
80 globally/4 in Latin America.
realized (exits)
N.A.
Early stage companies that provide
services to low income communities in
the following sectors: agribusiness,
education and energy.
invests
(consolidated)
Early stage/early growth.
N.A.
N.A.
Type of fund
Impact Fund.
invests
Not a criteria. Must have 12 months of
sales.
company
USD 250,000 / USD 3 million
173
IMPACT FUNDS
Fund
information
Bamboo Finance is a commercial investment firm
managing US$ 280 million and representing a unique
portfolio of investments. Bamboo specializes in business
models that benefit low-income communities in emerging markets.
The Bamboo Financial Inclusion Fund was launched in
2007 and is the largest commercial microfinance private
equity fund with USD 195 million in AUM. The fund
invests in a range of microfinance institutions and funds
worldwide. The Fund acquires minority stakes in their
capital while playing an active governance role by
sharing international experience, information, networks,
knowledge and by taking an active role at a board level.
We use a market-oriented approach to deliver social and
environmental value and attractive financial returns to
investors.
By working closely with investors, microfinance networks
and technical assistance providers, we aim to contribute
to the development of our partner institutions and funds
by sharing our financial and operational expertise and
our connections with related resources.
Contact information
Santiago Álvarez
Investment Manager
[email protected]
[+57 1] 322 5720
174
www.bamboofinance.com
Fund name
Bamboo Financial Inclusion
Fund I S.C.A., SICAV-FIS
Final closing
USD 195 million
State of fund:
Closed
General Partner
Bamboo Capital S.à r.l.
Fund administrator
Fund Director
Bamboo Finance S.A.
Jean Philippe de Schrevel
in companies
0%
First closing date
December 2007
July 2015
July 2020
None – Developing, emerging and
middle-income countries worldwide.
Financial services.
The fund makes equity investments in
companies that provide financial
services to low-income customers,
looking to promote the financial
inclusion and to close the gap in the
access to this kind of services.
invests
company
N.A.
Significant minority positions with board
seat.
invested
32
realized (exits)
3
Growth.
Confidential.
Type of fund
(consolidated)
Private Equity/ Growth/Impact.
invests
Market rates.
N.A.
175
IMPACT FUNDS
Fund
information
managing USD 280 million and representing a unique
models that benefit low-income communities in emerging markets.
The Oasis Fund invests in commercially viable companies that deliver essential goods and services which
directly benefit low income communities by providing
access to affordable housing, healthcare, education,
energy, livelihood opportunities, water, and sanitation.
We use a market-oriented approach to deliver social and
environmental value and attractive financial returns to
investors.
Contact information
Eric Berkowitz
[email protected]
176
Fund name
Bamboo Finance
Oasis Fund S.C.A., SICAV-FIS
Final closing
USD 53 million
State of fund:
Closed
General Partner
Oasis Capital S.à r.l.
Fund administrator
Fund Director
Bamboo Finance S.A.
in companies
10%
First closing date
December 2007
N.A.
N.A.
Health, energy, education, housing,
financial inclusion and rural
development.
The fund finances a whole range of
social business delivering goods and
services to low-income communities
(e.g. Energy, Education, Health, among
others).
invests
Growth.
Type of fund
Private Equity.
company
N.A.
seat.
invested
15
realized (exits)
3
Confidential.
(consolidated)
Confidential.
invests
N.A.
177
IMPACT FUNDS
Fund
information
Corporación Inversor was founded by 14 institutions with
and important social and business background in Colombia, which are: Bolsa de Valores de Colombia, JP Morgan,
Fundación Bavaria, Fundación Bolívar-Davivienda,
Fundación Saldarriaga Concha, Fundación Avina,
Fundación Diego & Lía, LAEFM Colombia, Corporación
Mundial de la Mujer, Estrategias Financieras y Corporativas, Mckinsey & Co., Banca de Inversión Bancolombia,
Compartamos con Colombia and Brigard & Urrutia.
Inversor is a multi-sector fund that aims to invest in small
and medium sized companies with a triple bottom line
focus (social impact, environmental impact and financial
return).
Corporación Inversor, with the support of its founding
members, specializes in finding, structuring and managing investments with a high social impact, environmental
impact and financial return.
Contact information
Alberto Riaño
Executive Director
[email protected]
[+57 1] 313 9800
178
The Fund was created with the purpose of developing
the impact investing industry in Colombia by creating
employment
opportunities,
developing
inclusive
businesses, supporting companies that generate
environmental or social benefits through their business
model and supporting the economic growth of Colombia.
www.inversor.org.co
Fund name
Fondo de Capital Privado Inversor
Final closing
State of fund:
Closed
General Partner
Corporación Inversor
Fund administrator
Fund Director
Comisionista de Bolsa
Alberto Riaño
in companies
37%
First closing date
July 2011
July 2016
2021 (10 years)
• Inclusive businesses, attached to value
chains of different competitive sectors.
• Positive environmental impact.
realized (exits)
invests
Colombia.
• Agroindustry.
• Basic infrastructure.
• Social services aimed at vulnerable
population and economically.
• Developing technologies to guarantee
access to different services to
vulnerable populations.
• Productive businesses in the
production chain of an enterprise.
• Green technologies with high
environmental and social impact.
Inversor invests in Companies with:
• Differentiated business models, with
scalability and innovation, proven in the
market.
• Management teams with important
experience in their business, the sector
and the market.
• High potential to generate direct and
indirect employment.
• Business models that promote the
inclusion of vulnerable populations, such
as consumers, producers or entrepreneurs.
0
Start-up and growth.
N.A.
Type of fund
(consolidated)
Venture Capital.
invests
N.A.
company
COP $1 billion / COP $2.5 billion.
Significant minority shares
(35,0%-49,9%).
invested
4
179
IMPACT FUNDS
Fund
information
managing USD 280 million and representing a unique
models that benefit low-income communities in emerging markets. We use a market-oriented approach to
deliver social and environmental value and attractive
financial returns to investors.
The Bamboo Financial Inclusion Fund II is a private
equity fund investing in financial services companies
such as microfinance and SME banks as well as mobile
money operators, correspondent banking businesses
and micro-insurance companies in Africa, the Middle
East, Asia and Latin America.
Contact information
Santiago Álvarez
Gerente de Inversiones
[email protected]
[+57 1] 322 5720
180
Fund name
Bamboo Financial Inclusion
Fund II S.C.A., SICAV-FIS
State of fund:
Fundraising
General Partner
Bamboo Capital S.à r.l.
Fund administrator
Fund Director
Bamboo Finance S.A.
First closing
Fund size objective
USD 31 million
USD 200 million
in companies
First closing date
April 2015
N.A.
N.A.
100%
• Microfinance.
• SME finance.
• Mobile money.
• Correspondent banking.
• Remittances.
• Micro-insurance.
invests
N.A.
company
N.A.
seat.
invested
The fund makes equity investments in
companies that provide financial
services to low-income customers,
looking to promote the financial
inclusion and to close the gap in the
access to this kind of services.
0
invests
N.A.
Growth.
Type of fund
Private Equity.
realized (exits)
0
(consolidated)
N.A.
181
IMPACT FUNDS
Fund
information
Capitalia Colombia is a company entrusted with the
management of investment funds, which operates a
network of connecting intelligent capital, while also
managing funds of collective investment and venture
capital. Our Angel Investor network is forever expanding
with a wider network of Business Angels and financial
backers, aimed at supporting Colombian SMEs with high
growth potential. These services are based on methodological and financial practices, which can be tailored to
each individual client, allowing the correct access to
capital, on the right time frame.
The ‘Sethos Capitalia fund’ is a robust financial structure
that seeks to create value by investing in assets with
high growth potential; by injecting strategic financial
resources that are supplemented with the possibility of
leverage with low-cost debt facilities.
The fund operates in various segments, the first of which
being the segment of ‘Impact and Development,’ which
promotes expansion and progress of companies that
generate positive social and economic changes on a
national level.
Capitalia Colombia identifies market opportunities and
develops theory behind our investment funds that aim to
facilitate the development of these opportunities.
Contact information
Alejandro Marín Toro
Fund Director Sethos Capitalia
[email protected]
[+57 4] 444 9070
182
www.capitaliacolombia.com :: www.inversiondeimpacto.com
Fund name
Sethos Capitalia, Compartimento
de Impacto y Desarrollo
State of fund:
Fundraising
General Partner
Capitalia Colombia S.A.S
Fund administrator
Fund Director
Fiduciaria de Occidente S.A
Alejandro Marín Toro
First closing
Fund size objective
in companies
100%
First closing date
September 2015
August 2019
2025 (10 years)
growth; looking to support plans of
expansion and apprehension of
opportunities in new markets.
Type of fund
(consolidated)
Colombia.
Multi-sectorial, with preference in:
Agroindustry, basic infrastructure,
health, education y green tech.
Companies with a minimum of 18
months of operation, with proven and
commercially scalable business models;
with a clear identification of
opportunities for growth and expansion,
and defined strategies to achieve it.
They must also have strategies and
indicators of social and/or
environmental impact tied to the
development of the company and to
generate social inclusion of vulnerable
populations. A responsible management
of the environment during their
expansion is mandatory.
invests
‘El compartimento de Impacto y
Desarrollo’ invests in stage of high
Private Equity.
invests
N.A.
N.A.
Companies with annual sales between
COP $500 million up to COP $30 billion.
company
Investments from COP $600 million to
COP $6 billion.
Minority, between 20-49%.
invested
N.A.
realized (exits)
N.A.
183
IMPACT FUNDS
Fund
information
PROCOLOMBIA is the entity that promotes international tourism, foreign investment and
non-traditional exports in Colombia. Through its national and international network of offices,
it offers support and integral consultancy to clients through services or instruments aimed at
facilitating design and execution of its globalization strategy, which seeks to generate, develop and close business opportunities.
In terms of investment, it supports and promotes attracting FDI through different mechanisms
and tools, available to foreign private equity funds interested in investing in Colombia:
Tailor made information: basic notions of Colombian legislation for private equity funds,
sector information for investment opportunities, among others.
Agendas and visits: contact support at a national level to explore and understand investment opportunities in different regions.
Support during the process of arrival and after care services to investors already in the country.
Identification of investment opportunities in different sectors nationwide.
Communication tools coordinated jointly with investors.
For more information, visit the section of Private Equity funds opportunities for Investment in our website:
www.inviertaencolombia.com
184
Socio de los empresarios que se atreven a crecer.
www.bancoldex.com
Bogotá Phone
National Phone
(+57 1) 742 0281
01 8000 18 0710

Untitled - Bancoldex

Transcription

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