◼︎ Jive Investments reached a BRL2.5b (~USD498.4m) first close for Jive Distressed and Special Situations IV. The fund will invest in distressed assets and legal claim opportunities from middle to large Brazilian companies.#PrivateCredit ◼︎ Conviavilité Ventures, the CVC arm of Pernod Ricard, led a USD50m Series D for JOKR, a NY- and Berlin-based last mile retail delivery platform, at a USD800m post-money valuation, with participation from Lombard Odier, and follow-on from monashees, Tiger Global, G Squared, GGV Capital, Balderton Capital and Greycroft. JOKR closed its US operations to focus on Latin America in June 2022. #VC ◼︎ Morpheus Ventures led a USD40m Series C for Mexico-based challenger bank albo, with follow-on from NAZCA and Valar Ventures. #VC ◼︎ Accial Capital provided USD40m in debt to Kapital, a Mexico-based finance management platform for SMEs, to fund its loan portfolio origination. #VC ◼︎ Valor Capital Group led a USD30m Series C for Gringo, a Brazil-based car documentation management platform with follow-on from KASZEK, ONEVC, Vostok Emerging Finance, ICU Ventures, Piton and Actyus. #VC ◼︎ US-based VC Haymaker Ventures led a USD15m Series A+ for Mundi, a Mexico-based lending platform financing imports/exports for SMEs, with participation from FJ Labs, Base10, Upper90, GMO Ventures, Colibri Ventures, Asymmetric Capital Partners, Mana Ventures, and follow-on from Union Square Ventures. #VC ◼︎ 23S Capital acquired a 10% stake in Vitru Educação, a Brazil-based publicly listed online private education platform. 23S Capital is a USD700m fund launched by Temasek and Banco Votorantim in 2022 to invest in Brazilian companies. #PE ◼︎ BNDESPar agreed to invest BRL638.5m (~USD126.6m) in six funds managed by KPTL, Astella, DNA Capital, Cedro, Patagonia, Good Karma and Noon, focusing on startup companies in Brazil. #VC ◼︎ Aqua Capital made an undisclosed investment in Exata, a Brazil-based soil composition and nutrient level monitoring platform. #PE ◼︎ Patria Investments won the concession auction for Paraná Lote 1, a highway system in the Brazilian State of Paraná. #RealAssets ◼︎ Advent International exited Grupo CRM, the Brazil-based holding group of chocolate manufacturers Kopenhagen and Brasil Cacau, through a sale to Nestlé. #PE ◼︎ Southern Cross Group exited Esmax, a Chile-based diversified downstream fuels and lubricants retailer, through a sale to Aramco, a Saudi Arabia-based global chemical and energy conglomerate. #PE | 