FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
“Helping Talented Entrepreneurs Build World Class Businesses”
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Fund ManagerShoreBank Advisory Services Mexico
August de 2002
Launch of Operations
USD $8,000,000.00
Capital
Fund Characteristics
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Inter-American DevelopmentBank (IDB)
Nacional Financiera (NAFIN)
Sistema Estatal de Financiamiento al Desarrollo (SEFIDE)
Private Investors
Investors
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Objectives
•Generate sustainable development in the state of Guanajuato through investments in SMEs.
•Meet the return expectations of our investors through investments in profitable projects.
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Geographic Location
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Key Data
% Rank
Population 4,663,032 4.8% 6th
Workforce 1,889,222 4.4% 5th
GDP (USD)21,287,900 3.1% 7th
Services57%
Secondary35%
Primary8%
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Currently our portfolio includes ten companies for a total of:
USD 3,200,000 disbursed +
USD 600,000 committed-
USD 500,000 write-off
Investments include equity, quasi-equity and loans.
Portfolio
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
Fund Management Related:•Marketing/Promotion•Legal advisors•Technical/Investment Committees•Legal remedies •Increase in competition
Portfolio Related:•Weak management teams •Inadequate financial information•Commitment
Challenges encountered
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
•Diversified portfolio•Monthly monitoring•Financial model•Quick response•Flexibility
Successes achieved
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
•Establish fund goals•Identify target clients•Identify adequate legal advisors•Transparency with investors•Standardize procedures and reports
Recommendations
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
•Do not proceed with due diligence without reliable financial information
•Flexible deal approvals•Invest in tranches when possible•Monitor at regular intervals•Build working relationships with investees
•Charge structuring fees in advance
Recommendations (continued)
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
“Helping Talented Entrepreneurs Build World Class Businesses”
FONDO DEINVERSIONESGUANAJUATO
F O N D O
GUANAJUATOC A P I T A LFONDO CAPITALGUANAJUATO
