73 min listen
Rodrigo Bitar – Empty Rooms: Investing in Venezuela (Capital Allocators, EP.268)
FromCapital Allocators – Inside the Institutional Investment Industry
Rodrigo Bitar – Empty Rooms: Investing in Venezuela (Capital Allocators, EP.268)
FromCapital Allocators – Inside the Institutional Investment Industry
ratings:
Length:
35 minutes
Released:
Aug 29, 2022
Format:
Podcast episode
Description
On today’s show we’ll discuss a classic empty room – an opportunity ignored by most investors. In this case, we dive into the investment case for Venezuela, a non-starter for pretty much every institution because of the country’s autocratic political regime, sanctions, and headline risk. But alongside those known risks are the potential for significant rewards. Rodrigo Bitar is the Co-Founder and Managing Partner of 3B1 Partners, the leading private equity fund making growth investments in Venezuela. 3B1 invests in high-quality companies with leading positions in basic industries, while looking to capture a change in macroeconomic conditions in the country. Our conversation covers Rodrigo’s upbringing in Chile, professional background, and investment opportunity in Venezuela. We discuss Venezuela’s sanctions, economic contraction, and dollarization of the economy. We then turn to investing in the country, including sourcing, due diligence, and an example of a recent transaction. We close with a discussion of the upside and risks to investing in Venezuela. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership
Released:
Aug 29, 2022
Format:
Podcast episode
Titles in the series (100)
Andrew Golden – Beyond the Long Term (Capital Allocators, EP.13): Andy Golden is the President of Princeton University’s Investment Management Company (PRINCO). Having grown from $3B at the time of his arrival in 1995 to $22.5B today, PRINCO has been among the highest performing endowments in the world. Andy came to by Capital Allocators – Inside the Institutional Investment Industry