Medellin, Colombia

Private capital investors deployed USD16b in Latin America in 2020, a new record. Venture investment topped USD4b for the second year in a row, demonstrating sustained momentum for the region’s ongoing digital transformation. 

GPCA Research on Latin America is produced in partnership with LAVCA. Since 2008, LAVCA Research has tracked private capital activity in Latin America through direct contact with over 500 fund managers active in the region, using the same data methodology as GPCA. 

Members can access GPC Analytics for a ten-year archive of Latin American private capital transactions and data cuts.

Research Team

Emanuel Hernandez, Director, Research

Mario Avila, Analyst, Research

Latin America Research

2022 LAVCA Industry Data and Analysis

March 22, 2022
GPCA members should use their member login to download an accompanying Excel Data Pack containing all underlying data, including a full list of funds reaching a close and investments in… Read More

Mid-Year 2021 Global Private Capital Industry Data & Analysis

September 16, 2021
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East   Key data takeaways:   All major markets posted year-over-year gains… Read More

Latin America 2021 Industry Data and Analysis

March 31, 2021
The LAVCA 2021 Industry Data & Analysis includes data and insights on fundraising, investment and exit activity from the full year in 2020. Member access includes: LAVCA Analysis: A summary of… Read More

Latin America Data Insights (Mid-Year 2020)

September 10, 2020
EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel). Despite the difficulties introduced by COVID-19, year-over-year fundraising increased 30% Fundraising for Latin… Read More

LAVCA’s 2021 Review of Tech Investment in Latin America

April 22, 2021
Venture investment in the region topped USD4b for a second consecutive year, with a record 488 deals in 2020, record seed and early-stage investments in a number of major markets,… Read More

2021 Climate Data Insight

November 2, 2021
Based on GPCA’s newly developed taxonomy of climate-dedicated businesses, the 2021 Climate Data Insight covers climate-focused private capital activity in Asia, Latin America, Africa, Central & Eastern Europe and the… Read More

Latin America News

Macquarie Asset Management To Acquire Stake in Colombia’s Opain and Quiport from Grupo Argos’ Odinsa

Macquarie Asset Management, through its fund Macquarie Infrastructure Partners V, agreed to acquire 50% of Odinsa’s stake in Colombia-based airport platforms Opain and Quiport for an undisclosed amount. Odinsa is… Read More

Lightrock Leads ~USD48m Round for Brazil’s Cortex

Lightrock led a BRL260m (~USD48m) round for Cortex, a Brazil-based data and analytics platform for marketing and sales, with follow-on from Softbank Latin America and Riverwood Capital. SoftBank led a… Read More

Kandeo Asset Management and CrossRegional Partners Invest in Colombia’s Liquitech

Kandeo Asset Management and CrossRegional Partners invested in Liquitech, a Colombia-based factoring platform for SMEs. Read More

Crescera To Acquire ~10.6% of Brazil’s Vitru for ~USD56m

Crescera agreed to acquire a ~10.6% stake in Brazil-based, US-listed higher education platform Vitru for BRL300m (~USD56m). Read More

Goldman Sachs-backed Global Compute Infrastructure and Southern Cross Group To Invest in Colombia’s Data Horizon Americas

Goldman Sachs-backed Global Compute Infrastructure and Southern Cross Group agreed to invest in Colombia-based data center property developer Data Horizon Americas. Read More

Vinci Partners To Manage Brazil’s ~USD142m Sustainable Regional Development Fund

Brazil’s Ministry of Regional Development selected Vinci Partners’ infrastructure arm to manage the BRL750m (~USD142.5m) Sustainable Regional Development Fund (FDIRS). Read More

Vinci Partners To Acquire Minority Stake in Brazil’s Efficopar

Vinci Partners, through its impact fund Vinci Impacto e Retorno IV, agreed to acquire a minority stake in Efficopar, a Brazil-based water and sewage services company, for an undisclosed amount.… Read More

Vinci Partners, XP, Genial To Acquire Brazil’s Campinas Shopping from BR Malls for ~USD80m

Vinci Partners, XP and Genial agreed to acquire Brazil-based shopping mall chain Campinas Shopping from BR Malls for BRL411.4m (~USD80m). Read More

Globant Ventures invests ~USD1m in Uruguay’s Bunker DB

Globant Ventures invested ~USD1m in Bunker DB, a Uruguay-based communications and marketing automation platform for SMEs.  Read More

HSBC, Goldman Sachs, Santander To Provide USD810m Debt for Mexico’s VC-Backed Kavak

HSBC agreed to provide USD675m in debt financing for Mexico-based used car platform Kavak, with Goldman Sachs and Santander providing USD135m in additional credit lines. Read More

Astella Leads ~USD7.6m Series A for Brazil’s Amicci

Astella Investimentos led a BRL40m (~USD7.6m) Series A for Amicci, a Brazil-based private level developer for retailers focused on consumer products, with participation from DGF Investimentos and Endeavor Scale-Up Ventures.… Read More

BTG Pactual To Acquire Brazil’s UPI Itiquira for ~USD28m

BTG Pactual agreed to acquire UPI Itiquira, a Brazil-based logistics terminal serving the agricultural sector, for BRL146.7m (~USD28m). Read More