Chile is a sophisticated market for venture capital transactions, thus almost all types are present in the Latin America jurisdiction, including direct M&A (both as corporate acquisitions and minority investments) and convertible debt. Nevertheless, the investment in venture capital through investment funds, created by the uprising of third parties’ funds are administrated by a fund manager is a widely used structure.
Investors have been acquiring businesses and making minority investments in privately held companies since the dawn of the industrial revolution. However with a few exceptions, VC in the first half of the 20th century was the domain of wealthy individuals and families. Read the rest of this entry