Fernando Pontaza, Co-Founder of Invariantes sits down with David Weisburd to discuss setting up the first Guatemalan Venture Capital Fund and why he targets a 25% IRR. We’re proudly sponsored by Bidav Insurance Group, visit lux-str.com if you’re ready to level up your insurance plans.
(0:00) Episode Preview
(1:25) The genesis of Invariantes, the first Guatemalan venture fund
(3:11) The fund strategy
(5:19) How Fernando won over Latin American investors
(6:57) Powerlaw distributions and how they impact returns
(8:36) Episode Sponsor: Bidav Insurance Group
(9:48) The importance of smoothing out returns
(10:55) What to look for in a fund manager
(12:30) How to build LP/GP relationships
(14:47) Common mistakes when investing in emerging managers
(18:46) Diligencing co-investments
(21:58) Is signal important?
(23:30) The importance of open communication
(24:57) The purpose of the LPAC
(25:41) Best practices when fundraising in Latin America
(28:02) The dangers of direct deals
(33:58) How to reach Fernando
