FLII (“Fondo Latino de Inversión de Impacto”) has become a definitive event for impact fund managers, entrepreneurs and investors in Latin America. With over 400 attendees every year, the event is pivotal to everyone interested in impact investing. Representatives from all over Latin America were joined by participants from North America and Europe, all coming together to share experiences and new ideas forming what is called, a “Glocal” community.
LatAm good momentum
This was the third time Capria had a representative attending FLII and it has always been an outstanding place to meet some of very capable, passionate, smart fund managers, entrepreneurs, and investors seeking market rate returns while creating good. The theme this year was “Resilient Region”. Latin America is the most unequal region in the world and has many social needs to be solved. Happily, an exceedingly great number of sophisticated and committed people are helping solve social problems through market based solutions. These are some of the reasons why, since 2013, international investment in startups based in the region has more than doubled. In 2017 alone, there were 25 new investors entering the “resilient region”. As an example of this trend, Business Insider included 3 Latin America countries within their global ranking of 20 best countries to invest in 2018. It is evident that the region is becoming a hotspot for investing, and FLII is at the intersection.
The quality of fund managers attending FLII is encouraging in terms of their level of investment experience, the exits they’ve had at personal or fund level, the interests they have received from investors, their impact DNA as reflected in their genuine intention to make meaningful investments, and the promising entrepreneurs that funds have in their pipelines.
Women presence in LatAm
We saw a growing presence of women at FLII’s panels and participation in general. Positively, woman presence in the industry has grown fast, at all levels: entrepreneurs (we recommend checking the event “WeXchange”), fund managers and venture investors, with about 1/4 of the 43 women VCs listed in LAVCA as impact investors. We expect this trend to continue and are excited to have brought exceptional women-led funds to Capria Network. With investments in Wakami and Uncommon Cacao, Capria Network continues to support women entrepreneurs in the region.
Capria value-add and presence in Latin America
From the Capria perspective, it is exciting to realize that the partnership we offer is tremendously valued by the fund managers that connect with us. Whether we’re working with first time fund managers or fund managers with existing AUM, we have already seen the power of collaboration and partnership that combines global and local perspectives. It’s clear that fund managers throughout the region are looking to charter new territory to ensure that capital flows to profitable businesses while positively impacting lives. Fund Managers value Capria beyond the fundraising support. Implementation of global best practices into functioning of business of fund managers in Capria Network is highly valued by these fund managers.
Warehousing Facility: One particular service of their interest, is the Warehousing facility Capria provides that allows fund managers to start investing before raising their fund, which does not only allows them to secure a good investment opportunity but it is also a great catalyzer for them to attract more capital. In summary, Capria Warehousing facility provides capital that fund managers can invest in opportunities presented to Capria. This allows fund managers to not only have some interesting pipeline opportunities in their fund-raising engagements with potential investors, but also have real entrepreneurs they have invested in with our support.
Capria has supported 4 fund managers from Latin America in past investment cycles, and have selected 4 additional fund managers from the region to soon join the Capria Network. In the past year we visited Argentina, Brazil, Chile, Colombia, Guatemala and Mexico and met over 40 HNIs from the region attracted by impact investing, while also continue to see interest from foreign entities in LatAm.
Apply to Capria’s 6th Investment Cycle
As we confirm talking with fund managers at FLII, raising a fund is a decathlon. The support Capria provides to fund managers in the region helps their funds perform better from the genesis of the fund to exits. The support Capria provides can include GP loan for operational expenses, warehousing facility, expert ongoing advice, introductions to local and international LPs, global best practices, Quantum tool, capital commitment, fundraising support and access to a global network of impact investors.
We are excited to see the excellent quality and quantity of fund managers in Latin America that we would be happy to partner with in near future, and would highly encourage to apply to Capria’s 6th Investment Cycle by April 6th 2018.
Looking forward to FLII 2019 when we expect more LatAm funds to have join the Capria Network!