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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 Cavalcanti
    Managing Partner
    Unconfirmed

    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 Regueira
    Managing Partner
    Unconfirmed

    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 LLC
    Lawyer
    Unconfirmed
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    KPMG
    Accountant
    Unconfirmed

Previous Investors

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    IFC, DEG, Halloran Philanthropies, JPM, Omidyar Network,
    Unconfirmed
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    Proparco, Calvert Group, Wallace Global Fund
    Unconfirmed