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| March 16, 2012 |
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| PENINSULA INVESTMENTS GROUP (Ontario) II, L. P |
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| Fondo de Fondos, through CMIC, has closed an investment commitment of $5 MDD with PENINSULA INVESTMENTS GROUP II (Ontario) L. P., a $60 MDD Fund focused on the real estate market in Mexico and selected Latin American countries. With this deal, FdeF continues attracting direct foreign investment into Mexico. |
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| November 08, 2011 |
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| IGNIA Fund I Invests MXN$44 million in Provive, a Company Devoted to Rebuilding Communities (Monterrey, Mexico) |
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IGNIA Fund I, LP, the first impact investing fund in Latin America, announced today that it has invested MXN$44.0 million (US$3.3 million) in Comunidades que Renacen S.A.P.I. de C.V. (“Provive”), an innovative business that acquires, refurbishes, and sells foreclosed homes in low-income housing developments while working with communities to reestablish active neighbor participation in its revitalization process.
“Provive’s work with communities successfully addresses the degradation that many housing developments are suffering, caused by home abandonment and foreclosed homes” said Alvaro Rodríguez Arregui, co-founder and Managing Partner of IGNIA. “With an innovative approach, Provive works with credit providers, developers, NGOs and local authorities to identify, acquire, refurbish, and bring houses back to market, improving infrastructure and public spaces, and the quality of life for people in low income sectors” he added.
Living in a safe and adequate environment is a basic human need. Through its revitalization process, Provive provides an environment and fosters the creation of strong and cohesive communities. This protects the value of what frequently is a person’s only investment -their house- and enables families to flourish in their own communities.
Funding from IGNIA will enable Provive’s expansion in Baja California and support its national roll out. “IGNIA’s investment will transform Provive and enable us to reach new heights. IGNIA’s most important contribution to Provive is its team. We are confident that their vision and experience will be an asset to Provive going forward”, stated Provive´s CEO, Jose Antonio Díaz Martínez. Founded in 2008, Provive brings together an experienced multidisciplinary team led by Mr. Díaz.
“Provive’s mission is to help neighborhoods come back to life. At IGNIA we are looking forward to supporting Provive on this important mission” said Michael Chu, co-founder and Managing Director of IGNIA.
IGNIA Fund I, LP is an impact investing venture capital fund that invests in high growth businesses that serve the base of the pyramid in Mexico and other regions of Latin America. By providing effective responses to the enormously underserved needs of the low income population, IGNIA empowers entrepreneurship and generates social impact while creating attractive financial returns for its investors. For additional information, visit http://www.ignia.com.mx.
Provive -Comunidades Que Renacen, is a company that helps rebuild communities by acquiring, refurbishing, and selling foreclosed houses in low income housing developments while fostering active community involvement. It is headquartered in Tijuana, Mexico. For additional information, please visit http://www.provive.mx
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| November 03, 2011 |
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| Central Valley Venture Forum |
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| The Central Valley Fund and California State University, Frenso cohosted their annual Central Valley Venture Forum. Among the main topics, the event offered a Hispanic Business Success Panel, discussing diverse subjects relating to how this entreprenueurs and business owners in this region have achieved their success with double digit growth. In addition, the panel shared their view on future opportunities related to current Hispanic demographics and cross border operations with Mexico. |
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| September 27, 2011 |
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| President Calderon announces 100 million Mexican pesos for FIDES Fund. |
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| President Felipe Calderon gave green light to the Capital Fund for Firms in the Social and Solidarity Economy (FIDES), and announced that the federal government will support the fund with a contribution of 100 million pesos to the Fund's initial capital through the development bank. |
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| September 12, 2011 |
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| DLAMF II invests in Datapoint |
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| Darby Latin American Mezzanine Fund II L.P., multinaltional fund focused on investing in medium sized companies and infraestructure projects, mainly in Mexico, Brazil and Colombia, provided a mezzanine loan to Datapoint, a Colombian IT distributor of hardware, software and services. The terms of the investment were not disclosed. |
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