The Mexican venture investment fund Ignia closed a strategic alliance with the private equity manager Nexxus, which will allow it to continue supporting the growth of entrepreneurial capital in Latin America, which has shown an annual growth rate of 86% between 2013 and 2019.
This association allows Nexxus to have a stake in the team that is in charge of managing the Mexican fund on a day-to-day basis. “The shared experience of the two fund managers empowers both organizations to achieve better returns on their investments,” the press release said.
Álvaro Rodríguez Arregui, co-founder and managing partner of Ignia, explained that the entry of Nexxus into the company means obtaining the backing of a venture capital investment fund that at the end of 2020 has made 41 investments.
“In recent years this asset class has made incredible progress and attracts international attention for its very high sustained growth,” he said. “We are excited to be the right partner for Nexxus and thereby strengthen our firm and bring them closer to the future of Latin America’s digital economy.”
Ignia, a venture capital investment fund founded in 2007, has invested in more than 20 companies in sectors such as fintech, retail, education and e-commerce. Among them, Mr. Pago, Apli and Credijusto stand out.
This strategic alliance will allow Nexxus to continue diversifying into different asset classes, said Arturo Sandoval, president of the investment fund.
“It is very important to continue with our evolution and this alliance complements our vision and the detection of opportunities both locally and internationally,” added Sandoval.
The fund has raised and managed seven funds with accumulated capital commitments and joint ventures of more than $ 1.63 billion. In addition, it is the only alternate asset manager in Latin America that has listed six companies on the stock markets.
