We are raising our first secondaries fund

Partnered with Activa, we seek to provide liquidity to current investors and promote investment in more advanced-stage startups.

Why now?

We believe that the entrepreneurship world in the region is experiencing its first recession, something normal within the complete cycle of Venture Capital. During these times, the need for financing through non-dilutive instruments, such as debt, is becoming increasingly prevalent. There is an opportunity in a developing VC ecosystem that hasn't followed the same growth trajectory in its exits, within a “lower” valuation environment.


Offering our LPs a unique opportunity to invest in a fund that provides a shorter time to maturity and the potential for higher IRR. This is achieved by investing in Series B+ and pre-IPO startups through the acquisition of direct secondaries owned by existing investors.

Why us?

An experienced team with +10 years investing in LatAm based startups. We have co-invested with +100 VCs, creating a strong network.


In charge of leading the Secondaries Fund will be Eduardo Beffermann, Head of Private Equity & VC at Activa Alternative Assets and a venture partner at Fen.

Industrial Engineer and Astronomer, Pontificia Universidad Católica. MBA Kellogg School of Management, Northwestern University. Head Private Equity & Venture Capital at Activa Aleternative Assets.

Business and Economics, Pontificia Universidad Católica. Senior Investment Analyst Private Equity & Venture Capital at Acitva Alternative Assets.


Senior Investment Analyst