2005 Scorecard Unveiled at LAVCA Summit - April 1st, Belo Horizonte
03/29/2006
Author:
Latin American Venture Capital Association
Chicago, IL
United States
www.lavca.org | Categories:
Best Practices
Industry Regulation
Private Equity
Venture Capital |
Article:
For Immediate Release
LAVCA SUMMIT UNVEILS SCORECARD FOR VC/PE ENVIRONMENT
IN LATIN AMERICA AND CARIBBEAN
Event on Competitiveness for LAC Venture Capital and Private Equity
Will Rank Investing Environments of 11 LAC Nations
Contact: Ramona DeNies, LAVCA
Belo Horizonte, MG, Brazil March 29, 2006 – An innovative new tool scoring the environment for venture capital and private equity (VC/PE) investing in 11 Latin American and Caribbean (LAC) nations will be launched during the 4th Annual Summit of the Latin American Venture Capital Association (LAVCA). LAVCA’s Summit will be held April 1st in Belo Horizonte, Brazil.
The 2005 Scorecard on the Private Equity and Venture Capital Investing Environment in Latin America and the Caribbean was developed by the Economist Intelligence Unit (EIU) for LAVCA and the Venture Capital Development Network of the Multilateral Investment Fund (MIF). The 2005 Scorecard ranks nations including Brazil, Argentina, Mexico, Peru, Trinidad & Tobago, Colombia and Costa Rica against a matrix of 13 factors including restrictions on institutional investors, tax treatment, laws on fund formation, and capital markets development.
“This inaugural Scorecard reveals the potential for growing the VC/PE industry in the region,” said LAVCA Board Member Christina Kappaz. “Though fundraising for the region has increased over the past three years, further improvements are clearly needed to enhance growth. This tool will serve as a comparative guide to encourage reform and track changes over time.”
LAVCA’s Summit, this year themed “Venture Capital and Private Equity in Latin America and the Caribbean: Defining a Competitive Advantage,” is held annually in conjunction with the Annual Boards of Governors Meetings of the Inter-American Development Bank (IDB) and Inter-American Investment Corporation (IIC). The IDB/IIC Meetings this year take place in Belo Horizonte, Brazil.
LAVCA’s annual event attracts above 80 leading international fund managers, investors, public agencies and service providers. 2006 participants include senior representatives of CVC International, Intel Capital, Darby Overseas Investment, IBM, Latin America Enterprise Fund Managers, EMP Global, Aureos Capital, Actis Partners, Advent International, SEAF, FMO, IFC, OECD, Norfund, MIF, IDB, Nacional Financiera of Mexico and the Finaciadora de Estudos e Projetos (FINEP) of Brazil. The event host is the Corporación Andina de Fomento (CAF).
Press are invited to contact LAVCA regarding coverage of this event. More information about LAVCA’s Summit is available at www.lavca.org.
About LAVCA
The Latin American Venture Capital Association (LAVCA) is a not-for-profit membership organization serving a core membership of venture capital and private equity investors active in Latin America and the Caribbean.
LAVCA’s mission is to promote the growth of the venture capital and private equity industry in Latin America and the Caribbean through research, education, networking, best practices, and the advocacy of sound public policy.
For more information on LAVCA and its activities please visit www.lavca.org.