Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Rodrigo Bitar – Empty Rooms: Investing in Venezuela (Capital Allocators, EP.268)
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Apr 28, 2025 
Rodrigo Bitar, Co-Founder and Managing Partner of 3B1 Partners, shares insights on investing in Venezuela, a region often overlooked due to its political climate. He highlights the potential for significant rewards despite rampant sanctions and economic woes. Bitar discusses the resilience of family-owned businesses and the strategic approaches necessary for successful investments. The conversation also delves into the possible recovery of Venezuela's economy, the impact of global energy shifts, and the optimistic outlook for critical industries.
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Rodrigo's Latin America Roots
- Rodrigo Bitar grew up experiencing political turmoil in Chile and lived in Venezuela when it was wealthy and democratic.
- His background gave him insight into political and economic upheaval in Latin America.
Emerging Markets Need Innovation
- Emerging markets often follow ideas rather than produce them, limiting innovation and industry dominance.
- Being in the U.S. offers a broader perspective and fosters openness to creating new investment approaches.
Partnering Amid Venezuela's Crisis
- Rodrigo partnered with the Cisneros family in Venezuela to start a buy-side investment vehicle amid economic collapse.
- This move was driven by recognizing undervalued assets during Venezuela's economic contraction after 2011.