Capital Allocators – Inside the Institutional Investment Industry Rodrigo Bitar – Overlooked Opportunities in Latin America (EP.442)
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Apr 28, 2025 
Rodrigo Bitar, Co-founder of 3B1 Partners, delves into navigating investment opportunities in Latin America, focusing on overlooked assets in complex markets like Venezuela. He shares insights on the strategic growth in Venezuela's pharmaceutical sector and the evolving landscape amid economic challenges. Bitar emphasizes the importance of patience, local partnerships, and effective negotiation strategies in volatile environments. He also touches on the benefits of the dollar's adoption in stabilizing markets, opening paths for potential investors.
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Latin America's Strategic Investment Appeal
- Latin America's proximity and cultural ties to the U.S. enhance its economic importance in a multipolar world.
- The region offers attractive valuations, a young population, and increasing stability, strengthening its investment case.
Venezuela's Asymmetric Opportunity
- Venezuela presents an asymmetric risk-reward profile due to macro shocks and reduced oil production.
- The country offers undervalued, high-quality assets overlooked by many investors, creating unique opportunities.
Building Venezuela's Pharma Leader
- 3B1 Partners acquired a fragmented Venezuelan pharmaceutical company and executed a roll-up strategy.
- Within three years, it became the number two pharmaceutical manufacturer through acquisitions and organic growth.