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On the roster is Paulo Passoni, the former managing director of Daniel Loeb’s hedge fund, Third Point. Passoni oversaw projects in emerging markets during his time at the US$14 b
Alongside Passoni and Nyatta is André Maciel who used to run JPMorgan Brazil’s investment banking advisory board. He will lead fund operations in the Brazilian office structuring transactions as well as monitoring regional investments.
This is the latest development of the upcoming SoftBank Innovation Fund led by Marcelo Claure. The new COO has laid the foundation for startup investments across Latin America. E-commerce, digital financial services, health care, transportation and insurance projects will take priority.
“There’s never been a better time to support Latin America and the companies that will help shape its future,” said Claure in a statement. “We are delighted to welcome this talented team with deep investment and operational experience in the region.”
It is the perfect timing for Passoni, Nyatta and Maciel to join the
Considering that the majority of these transactions took place in Brazil, it seems wise to have
Back in 2017, for example, the SoftBank Latin America Ventures fund invested US$100 million into the Brazilian-version of Uber, 99. The firm’s Vision Fund also helped logistics startup Loggi raise another US$100 million last year, in addition to an astonishing US$500 million for