An enriching conversation took place yesterday at Chile Day in Toronto at the venture capital panel, which for the first time included representatives of pension funds.
The meeting, moderated by Francisco Guzmán, president of the ACVC and director of InBest Chile, with the participation of John-Christian Bourque, head of value of venture capital at Ontario Teachers' Pension Plan, and Cristóbal Torres, CIO of Provida AFP, focused on the opportunities, experiences and lessons of investing in the VC industry.
El Diario Financiero dedicated an article to the meeting and highlighted that Ontario Teachers' strategy is aimed at investing through funds that in turn invest in venture capital vehicles, such as Sequoia or Andreessen Horowitz, among others, with a focus on technology startups in Series B stage and upwards and with tickets starting at US$ 50 million.
John-Christian Bourque assured that Latin America is on his radar to invest, especially in the fintech sector. He also stated that "obviously Chile would be a natural place for us to start looking for growth agreements because of our presence and experience there".
Francisco Guzmán, for his part, highlighted the emphasis of the discussion on the "difficulties" of the regulation of AFPs in Chile to invest.
While Cristóbal Torres commented that Provida, although it began to invest in secondaries (sale of shares) and then in fund of funds, its venture capital strategy "is at a very early stage" with small participations.
Check the full article here