We have provided legal advice to Salkantay Partners on the structuring of venture capital “SXF Ultimate Investment Fund”, within the framework of the "Innóvate Perú" program, sponsored by the Peruvian Ministry of Production.
Salkantay Partners just won (Aug 5) the Entrepreneur Capital Contest of Innóvate Peru and is aiming to place the Fund within institutional investors under private offerings. The purpose of the Fund is to invest in start-ups that are at an early and/or expansion stage, dynamic and innovative, with actual or potential growth, with strong teams in high impact sectors, through the use of Salkantay´s large network of key contacts, managers and collaborators (such as incubators and accelerators, angel networks, and government agencies). The Fund has been structred to be able to co-invest with other local or foreign funds.
This is one of a kind advisory under a governmental process, and will have a deep impact on VC market.