Morrison & Foerster advised Volpe Capital Investment Management Limited (“Volpe”), a newly formed BVI-based manager led by founding partners Andre Maciel, Gregory Reider, and Milena Oliveira, in connection with the formation of Volpe Capital Fund, L.P. (“Volpe Capital” or the “fund”), a Cayman-based venture capital fund specialized in high growth technology investments in Latin America.
With anchor investments from SoftBank, BTG and Banco Inter’s affiliates and a large investment from its management team, Volpe Capital has generated interest aggregating close to US$80 million before formal launch, among the best capital raises for a first-time fund in its asset class in Latin America. The fund is targeting aggregate commitments of US$100 million with a cap of US$150 million.
Volpe Capital has made an initial investment in Uol Edtech, a subsidiary of Grupo Uol, which is redefining the digital learning experience in Brazil.
The MoFo deal team advising Volpe in the fund formation was led by New York private funds partner Leonora Shalet, together with Miami corporate partners Randy Bullard and Juan Delgado.