FIRST Brazil Impact Investing Fund
Impact investing fund focusing on high-growth companies that deliver essential services and products to low-income families in Brazil.
- Stage Full Product Ready
- Industry Financial Services
- Location São Paulo, Brazil
- Currency USD
- Founded January 2012
- Employees 8
Company Summary
Fund Objective: Invest growth capital in companies that deliver essential products and services to the working poor in Brazil, defined as the 110M people who live on US$30/day or less. Target Sectors: Education, Healthcare, Housing, Financial Services. Target Fund Size: US$125 million with a hard cap of US$200 million Life of Fund: 10 years. Management Fee: 2.0%, Incentive Fee: 20% over benchmark 8% p.a.Target IRR of Fund: 20% yr
Team
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Maria CavalcantiManaging Partner
Maria has over 20 years of senior-level experience in business strategy and implementation, management consulting and investment. Prior to FIRST, Maria was the Chief Strategy Officer at Avina Foundation where she spearheaded the Inclusive Markets practice throughout Latin America focusing on impact investing and was the Founder and CEO of WTT, Inc., a for-profit investment company that invested in impact investment funds.
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Marcus RegueiraManaging Partner
Marcus is a Founding Partner at FIR Capital, a Brazilian Venture Capital firm and Advisory Board Member of the Brazilian Private Equity and Venture Capital Association (ABVCAP), having been its President from 2006-2008. Mr. Regueira has extensive experience in M&A advisory and asset management as a former Director and Vice President of investment banking at Bank of America and First Chicago in New York.
Advisors
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Sidley Austin LLCLawyerUnconfirmedKPMGAccountantUnconfirmed
Previous Investors
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IFC, DEG, Halloran Philanthropies, JPM, Omidyar Network,UnconfirmedProparco, Calvert Group, Wallace Global FundUnconfirmed
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