Download Report

About us
AMEXCAP
at a Glance
About us
AMEXCAP is a non-profit association whose mission is
PANTONE 356 C
C
toPANTONE
foster200the
development of the private equity industry
PANTONE Process Black C
in Mexico. The Association was created in 2003 and
currently represents 75 Private Equity, Venture Capital,
Real Estate and Infrastructure funds that actively invest
in Mexico and over 35 advisory service companies
involved in the areas of corporate law, tax advisory,
financial services, and consulting.
AMEXCAP’s members have raised a cumulative $20.5
billion USD over the past fourteen years and have
invested in a broad range of sectors such as real estate,
media and telecom, wholesale and retail trade, financial
services, healthcare, transportation, business services,
infrastructure, and manufacturing.
Our Mission
The AMEXCAP works under following objectives:
• Developing and strengthening the relationships with institutional investors.
• Generating the largest number and frequency of transactions.
• Developing and maintaining relations with authorities and regulators,
lobbying with them to improve the competitiveness of the industry.
• Promoting and disseminating the Private Equity and Venture Capital
industry at national and global levels.
In order to carry out these objectives, identify key challenges and propose initiatives
which will encourage the development of the industry, AMEXCAP’s Board of Directors
is composed of a President, a Secretary and three main Committees:
• Venture Capital Committee
• Growth and Acquisitions Committee
• Real Estate and Infrastructure Committee
AMEXCAP Events
AMEXCAP Annual Summit - Mexico City: Every year
9%
since 2006, AMEXCAP has organized the most important
Private Equity event in the country: the AMEXCAP Annual Pri-
19%
12%
vate Equity Summit. Since its inception, this forum has been
a significant platform for the dissemination of the industry.
It generates discussions regarding the opportunities, chal-
10%
lenges and complexities of the Mexican Private Equity and
Venture Capital environment. It also assembles local and
30%
global GPs, LPs, business owners, key Government officials
20%
and entrepreneurs. The Summit’s ninth edition achieved over
500 attendees, during its two days. The forum has gathered
in the past government officials from the CONSAR, Ministry
Advisory Firms
of Economy, Ministry of Finance, Mexican Stock Exchange,
Companies, Businessmen and Entrepreneurs
NAFINSA, INADEM, National Banking and Securities Commission, as well the most prestigious international and national LPs and General Partners.
General Partners
Government Officials and Business Organizations
Institutional Investor
Press
Mexico PE Day - New York: In May 2013, the Association orga-
Mexico VC Day - San Francisco:
nized its first international event and in 2014 had over 200 industry
This conference is our largest and most im-
participants. This flagship event represents an opportunity to learn about
portant Mexican VC industry event gath-
the overall investment opportunities in Mexico. Leading Mexican policy
ering key industry players from Mexico
makers are joined by the country’s top fund managers active in the private
and engaging US-based firms interested
equity, real estate, energy and infrastructure sectors. The event fosters rela-
in Mexico´s VC market. With over 40
tionships between LPs and GPs and has gathered over 24 private equity
sector specialist speakers such as: gener-
firms and 31 institutional investors managing over US$1.5 trillion in assets.
al partners, limited partners, institutional
AMEXCAP will continue to organize this event every year.
investors, entrepreneurs, specialist service
providers and policy makers. The event
AMEXCAP National Private Equity Conferences: In conjunction
provides exclusive insights of the Mexican
with Regional Governments and leading business organizations,
VC ecosystem, as well as American GPs
AMEXCAP conducts a series of conferences in the country´s most important
and entrepreneurs who share their views
second tier cities to disseminate the industry and promote the benefits of
on how both countries may benefit from
the private equity industry. These events assemble local business leaders,
this interaction. The event is meant to be
Government officials, entrepreneurs and AMEXCAP GP members and
the meeting place for entrepreneurs, GPs
affiliates.
and LPs.
AMEXCAP’s Member-Exclusive Forums: AMEXCAP organizes three annual conferences exclusive for its members
(AMEXCAP Networking Series) to provide them with the most updated information on the industry and latest trends.
Affiliates (our advisory firms) participate and hold discussion on the topics with major relevance, such as fiscal reforms,
legal regulatory frameworks, regulations under development, the M&A environment, and many other relevant subjects.
Additionally, AMEXCAP conducts panels with diverse LPs to review the challenges and opportunities for investing in
our member funds. These conferences also foster networking between LPs, Private Equity firms and advisory firms from
AMEXCAP.
Milestones
AMEXCAP has participated in designing and developing the following initiatives:
• Proposed changes to improve the Mexican Securities Market Laws (Ley del Mercado de Valores)
and the creation of the “The Investment Promotion Corporation” (Sociedad Anónima Promotora
de Inversión) (“SAPI”).
• The “Private Equity Investment Trust” (Fideicomiso de Inversión en Capital Privado) known as
FICAP, investment structure articles Arts. 227 y 228 of the LISR.
• Regulatory changes that allow insurance companies to invest in Private Equity Funds in Mexico.
• Debt Market Programs for companies (Ministry of Economy).
• Proposed improvements to the CONSAR for the AFORES’ investment pre evaluation of managers
and reporting.
AMEXCAP’s research team and in collaboration with top specialized advisory firms, generates diverse papers
and statistical reports of the Private Equity Industry in Mexico:
• “Inside Mexico’s PE Market”: This study provides an overview of the Mexican PE Industry,
statistics about fundraising, investing, exits, as well as market highlights and opportunities.
• “Inside Mexico’s VC Market”: This report profiles the VC Industry in Mexico and provides statistical details, reviews the characteristics of Mexican VC firms and examines opportunities moving forward.
• “Inside Mexico’s RE and Infrastructure Market”: This study provides an overview of the
private equity investments within these two industries, statistics about fundraising, investing, exits,
as well as market highlights and opportunities.
• “Mexico PE/VC Environment Update”: The paper gives an overview of the important
structural reform changes promoted by President Enrique Peña Nieto, including reforms of the
financial, tax, energy, telecommunications, education and political systems.
• “Venture Capital Fund Model for Mexico”: In 2010, AMEXCAP published the first edition
of this book, followed by a second edition in 2011 and a third edition yet to be published in 2014.
• “Investments of Real Estate and Infrastructure Funds in Mexico”: In collaboration
with Deloitte for the years 2013 and 2014 to be published.
• “Impact of Private Equity at Companies in Mexico”: In collaboration with KPMG we
assembled the best success cases in 2013 and 2014, highlighting the benefits for companies to
partner with Private Equity firms.
• “Private Equity in Mexico: Primed for Significant Growth” and “Myths of the Energy
Reform”: Studies conducted in collaboration with Bain & Co in 2012 and 2014 respectively.
• “Entrepreneurial Ecosystem in Mexico”: A research study conducted in conjunction with
INADEM, EY and IPADE that after a thoughtful analysis and focus groups with all industry players,
aims to provide suggestions to improve the overall landscape.
The Association has organized and developed Private Equity programs with leading Mexican Academic Institutions among them:
• ADeCap (IPADE Business University), Creocap (Anahuac University), programs with ITESM’s
EGADE Business School, and many others.
Membership Benefits
Learning about the Industry
Personal touch: AMEXCAP has dedicated professionals available to help
guide you through the industry and its people, and facilitates meetings with
local fund managers, entrepreneurs and business owners.
Know key industry players: Qualified limited partners and general
partners can gain access to AMEXCAP research studies, investors, service
providers, and industry contacts.
Information, research, news trends and local deal information
• Access to reports, statistics and industry studies.
• Receive our monthly Member-exclusive Newsletter.
• Receive Industry news and relevant information about the state of the market.
• Affiliates (specialized advisory firms) have the opportunity to promote insights and reports produced by your firm among Private Equity managers.
Networking with LPs and GPs
• Associates (private equity firms) have the opportunity to be included in
the Fund Manager Catalog, which shows the profile of each firm and
is shared with institutional investors (LPs). Additionally associates get the
chance to connect with LPs and to gain access to related contacts. AMEXCAP, has connected over 60 fund managers active in Mexico with over
more than 100 local and global LPs and Institutional Investors looking to
invest in Mexico.
• Affiliates have the opportunity to connect with GPs and promote your
firm’s services at different events and through our website.
Membership Fees 2015
Fees structure for private equity firms (associates) and institutional investors
Size of the Firm
(*AUM)
Associate in development
(see next page for eligibility)
USD $0 < $ 50 million
USD $ 51 < $ 99 million
USD $100 < $150 million
$
$
$
$
1,575
3,150
4,200
5,250
USD $151 million and up
$
6,300
**Annual Fee (USD)
*Assets Under Management;
**Does not include 16% of VAT (Value Added Tax)
Fee structure for specialized advisory services firms (affiliates) based on employees
Size of firm
(employees)
1 a 10 people
10 a 15 people
15 a 20 people
20 a 25 people
**Annual Fee (USD)
$
3,150.00
$
4,200.00
$
5,250.00
$
6,300.00
Eligibility and Requirements for private equity firms applying for “Associate in Development”
Eligibility:





Applies only to Venture Capital firms with clear strategy stated on the PPM (does not apply
to growth capital)
Only firms in formation raising their first fund who have not completed a first closing
The firm must notify the Association as soon as the first closing is completed
Upon first closing, the firm will be immediately changed to the membership corresponding
to their assets under management and will have to pay the difference in the annual fee for
the current year
Firms can only be under this membership status for a maximum of two years
Requirements:




Biographies of the firm’s partners
Three references of AMEXCAP members
A summary of the fund’s strategy (summary of PPM or similar)
Membership will be subject to approval by the Board of Directors of AMEXCAP
1. Wire transfer in Mexican Pesos (from a Mexican Bank):
Banco: Banco Santander
Clabe: 014180920002469062
Cuenta: 92-00024690-6
Beneficiario: Asociación Mexicana de Capital Privado A.C
2. International Wire transfers in US Dollars:
Beneficiary Name: Asociación Mexicana de Capital Privado AC
Beneficiary Bank: BANCO SANTANDER (MEXICO), S.A., INSTITUCION DE BANCA MULTIPLE
Bank Account #: 82-50042872-3
SWIFT Code: BMSXMXMM
CLABE: 014180825004287237
Bank Code : 400047144
Intermediary Bank: JP Morgan Chase New York
Intermediary Bank SWIFT Code: 021000021
ABOUT AMEXCAP
Executive Team
Maria Ariza, CEO
[email protected]
Patricio Velarde, Vice-President
[email protected]
Martha Terres, Programs and
Communications Associate
[email protected]
Diego Armenta
Research Associate
[email protected]
Carla Ma. Arrangoiz
Institutional Relations Associate
[email protected]
Ana Belén Mañón
Project Analyst
[email protected]
Brenda Aguilar
Project Analyst
[email protected]
Connie Iturria
Memberships
[email protected]
Guadalajara
Arnulfo López
[email protected]
Monterrey
Zita Horváth
[email protected]
Telephone: +52 55 5083 5090, 91, 92
Website: www.amexcap.com
Linkedin Group: AMEXCAP
Twitter: @Amexcap
Save the Date
AMEXCAP conducts events throughout the year, we welcome you to join us!
MARCH
JUNE
AMEXCAP Annual Summit: The most
Mexico PE Day: This forum is a frien-
important, relevant and largest forum that
dly dialogue between key local and global
brings together all the key industry players
players about Mexico’s trends, outlook and
in Mexico’s Private Equity and Venture
current investing opportunities and chal-
Capital Industry and global players as well
lenges. It’s a great place to develop rela-
- Mexico City.
tionships between LPs and GPs - New York
City, NY.
OCTOBER
Mexico VC Day: Gathers key industry
players from the Mexican entrepreneurial
ecosystem and engages US-based LP and
GP firms interested in the Mexican VC
market - San Francisco, CA.