MIF's Fund Manager Meeting

New York
September 14, 2012, 09:00 - September 14, 2012

MIF Fund Managers Meeting 2012

Venture Capital’s record as a source of capital for small and medium-sized enterprises and its role in encouraging good governance has inspired the creation of a number of funds in emerging markets—in particular, those in Latin America. But early stage investment in emerging markets presents substantial challenges, in which the typical difficulty of choosing and guiding young companies is compounded by the unfamiliar nature of the asset class in the environment itself. Hence, the opportunity to exchange experiences is particularly powerful.

On Friday, September 14, 2012, the Multilateral Investment Fund (MIF) held its annual day-long conference for fund managers in LATAM. Led by Josh Lerner of Harvard Business School and Ann Leamon of Bella Research Group, almost 50 participants discussed methods of choosing among deal options, LP-GP relations, and best practices in decision making. In addition, three fund managers participated on a panel in which they shared the lessons they had learned over careers of early stage investing in Brazil, Costa Rica, and Uruguay. A case study allowed participants to describe different ways of looking at deal opportunities as well as approaches to internal firm policies. A study on evolving LP-GP relations provided a platform from which participants explored different ways of working with their LPs and ways in which the relationships might evolve. In the panel discussion, attendees considered different ways of managing deals along with approaches to firm structure. Finally, a lecture on best practices in decision-making presented a variety of approaches to the topic. The last session presented the general lessons of the day. 

For further details on the full day event you may refer to the agenda, photos and a publication co-authored by Harvard University and the MIF.

Download The Evolving Relationship between LP & GP
Download Representative Lessons Learned from Investors in Latina America and the Caribbean

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