LAVCA, ABVCAP Formalize Partnership
08/05/2005
Author:
Latin American Venture Capital Association
Chicago, IL
United States
www.lavca.org | Categories:
Private Equity
Venture Capital |
Article:
For Immediate Release
LAVCA AND ABVCAP FORMALIZE PARTNERSHIP
LAVCA Chair and ABVCAP President sign contract for inter-organizational collaboration
August 4, 2005 - São Paulo -- Richard Frank, recent Chair of the Latin American Venture Capital Association (LAVCA), and Álvaro Gonçalves, President of the Brazilian Venture Capital and Private Equity Association (Associação Brasileira de Venture Capital e Private Equity, ABVCAP), have signed a protocol which outlines the cooperation between the two entities.
The protocol establishes a framework for promoting the regional venture capital and private equity industry internationally.
Mr. Frank signed the protocol in his capacity as Chair of LAVCA's Board of Directors. Mr. Frank completed his chairmanship on July 27th, 2005.
"LAVCA and ABVCAP's activities complement each other well," said Mr. Frank, CEO of Darby Overseas Investments, Ltd., one of the region's largest and most active players. "I see many opportunities for future collaboration to improve the regulatory environment for the industry, research and co-production of industry events."
Mr. Gonçalves agreed, calling the signing “an important step in ensuring coordinated actions to enhance visibility of the Brazilian investment environment to global investors, and cross-fertilization among national venture capital communities in the region.”
“Brazil, as well as other Latin American countries, is well positioned to increase its share in the global venture capital and private equity industry,” said Mr. Gonçalves. “The diversity of investment opportunities is compelling, and our institutional framework is better than most emerging economies.”
“It is important that ABVCAP and LAVCA work together to share Brazil’s lessons learned and success stories with the rest of the region, in order to keep improving practices and returns,” said Joubert Castro Filho, Director of ABVCAP.
The partnership calls for project collaboration, mutual support, information sharing, and consultation on projects of mutual interest.
"The protocol commits both LAVCA and ABVCAP to a closer, collaborative relationship," said LAVCA Executive Director Howard Wallack. "As part of our mission, this networking allows LAVCA and ABVCAP to leverage our strengths and more effectively promote the growth of the private equity industry in the region."
About LAVCA
LAVCA's mission is to promote the growth of the venture capital and private equity industry in Latin America through research, education, networking, best practices, and the advocacy of sound public policy. LAVCA is a not-for-profit trade association serving a core membership of venture capital and private equity fund managers. For more information about LAVCA, please visit www.lavca.org.
About ABVCAP
ABVCAP was founded in the year 2000, and represents entities with direct interest in the private equity / venture capital industry – led by fund managers and corporate venture entities, and also including institutional investors, law and auditing firms and other service providers. ABVCAP’s mission is to develop the long-term investment activity in Brazil, linking the venture capital and private equity industry to the stock market, as a driver to develop new assets and companies. For more information about ABVCAP, please visit www.abvcap.com.br.
Contact:
Mariana Gandolfo Ramona DeNies
ABVCAP LAVCA
mgandolfo@abvcap.com.br rdenies@lavca.org