Latin Leap picks Apex for fund administration 08 June 2023Colombia Reporter: Lucy Carter
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Venture capital studio Latin Leap has appointed Apex Group as fund administration solutions provider for its new venture capital fund.
Latin Leap invests in Latin American early-stage technology start-ups and other technology companies, with the goal of contributing to the region’s economy. The company intends to invest US $25 million in the next three years, primarily into firms based in Mexico, Colombia, Peru and Chile.
The appointment contributed to Apex’s continual growth in Latin America, following its acquisition of fund administration providers BRL DTVM in March 2023 and MAF DVTM in September 2022.
Alex Contreras, senior vice president of business development at Apex, says: “The launch of Latin Leap’s venture capital fund is a welcome development against the wider backdrop of macroeconomic uncertainty slowing flows of capital to early-stage businesses. Latin Leap’s investment thesis focuses on investment in purpose-driven tech scale-ups that have a long-term positive impact on society, [which] aligns with our own desire to provide positive change in the financial services industry.”
Stefan Krautwald, managing partner of Latin Leap, adds:“As history has shown us, periods of market dislocation create opportunities for enterprising start-ups which seek capital to fund their growth; Apex Group’s fund administration services and single-source solution will enable us to scale our operations as we expand.”
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