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TC Latin America Partners

• US$268 million raised for latest real estate fund focused on Peru, Colombia and Mexico
• Secures investments from institutional investors in Latin America, the US, Middle East and Europe
• Seeing attractive investment opportunities resulting from the volatility in the Latin American region

NEW YORK -- TC Latin America Partners, the Latin American real estate fund manager, has successfully reached a final close on its second fund, Terranum Capital Latin America Real Estate Fund II (“TCLAREF II” or the “Fund”) on December 2nd, raising US$268 million in commitments. Combined with its predecessor fund, this brings the firm’s total assets under management to over US$500 million.
TCLAREF II will opportunistically invest in the development of residential, commercial and industrial real estate projects in Peru, Colombia and Mexico. The Fund attracted capital commitments from several institutional investors, including pension funds and insurance companies in Colombia, Peru, the United States, the Middle East and Europe.
TC Latin America Partners believes that the volatility in the region and the global political uncertainty creates ample opportunity for investment in real estate projects in the region. The Fund will pursue an opportunistic investment strategy, providing flexible capital solutions either through debt or equity to projects or developers that are in need of liquidity.
Gregorio Schneider, Managing Partner and Chief Investment Officer at TC Latin America Partners, explains that: “The closing of the Fund validates the strength of our business model and the experience of the investment team throughout different economic cycles. On behalf of the TC Latin America team, we would like to thank our investors for their continued support.”

TC Latin America Partners is one of very few institutional real estate funds focused on Latin America, with a regional focus that allows for diversification. The Fund received strong support from both the Latin American institutional and private investor communities. With offices in Bogota, Lima, Mexico City, and New York, TC Latin America Partners takes a “boots on the ground” approach to emerging markets investment and has built a network of partnerships with established local developers, banks, land owners and families involved in the real estate sector in the region. Gregorio Schneider comments, “We are uniquely positioned to take advantage of the current real estate investment opportunity in the region and believe that this is an ideal time to build a portfolio at valuations that we have not seen in a long time.” “Compared to other emerging market countries, we believe that Peru, Colombia and Mexico are better positioned to withstand potential headwinds. The market fundamentals in these countries are sound and the real estate sector will continue to be very dynamic.”

“With the increased volatility in the market and lack of liquidity, we continue to see the opportunity to structure investments higher in the capital structure and in some cases in US dollars," says Daniel Grunberg, Managing Partner.
TC Latin America Partners’ regional approach allows it to effectively enter and exit markets. The Fund has invested approximately $60 million to date in six investments across its markets. Hodes Weill Securities, LLC acted as the exclusive placement agent to TC Latin America Partners in connection with the private placement of interests in the Fund.

ABOUT TC LATIN AMERICA PARTNERS
TC Latin America Partners is an SEC registered alternative asset management firm headquartered in New York with offices in Bogota, Lima and Mexico City. The firm manages real estate funds investing in residential, commercial and industrial projects in Colombia, Peru and Mexico. The investment philosophy is centered on delivering consistent and positive returnsfocusing on risk management and capital preservation.

Littler Combines with 170-Lawyer Firm in France

(October 17, 2016) – Littler, the world’s largest employment and labor law practice representing management, has combined with Fromont Briens, one of the largest labor and employment law firms in Europe. With offices in Paris and Lyon, France, the Fromont Briens team consists of 170 lawyers that focus on all areas of labor and employment law. The combination follows Littler’s expansion into Germany and Canada last year, and its development of a labor and employment practice of unparalleled scope across Latin America.

“We are excited to welcome Fromont Briens to Littler Global and to connect our extensive global platform with a firm highly regarded for counseling multinational and French companies on complex labor and employment matters,” said Tom Bender and Jeremy Roth, co-managing directors of Littler, in a joint statement.

See complete news item here.

Littler Recognized as "Top Performer" by Leadership Council on Legal Diversity

(October 24, 2016) – Littler, the world’s largest employment and labor law practice representing management, has been recognized by the Leadership Council on Legal Diversity (LCLD) as a 2016 Top Performer. This is the third consecutive year that Littler has earned this designation, which is given to LCLD’s most active member corporations and law firms.

“Receiving the ‘Top Performer’ designation from LCLD underscores our continued mission to create and cultivate a diverse and inclusive firm,” said Tom Bender and Jeremy Roth, co-managing directors of Littler, in a joint statement. “It is a privilege to partner with LCLD and further its work of improving equality in the profession and enhancing legal career opportunities for all.”

Littler was one of 41 out of 250 member organizations that were designated a top performer and selected for actively participating in LCLD programs to support its mission of creating a more inclusive legal profession.

See complete news item here.

Littler Earns Tier 1 Rankings in the 2017 U.S. News – Best Lawyers® “Best Law Firms” List

(November 1, 2016) – Littler, the world’s largest employment and labor law practice representing management, has earned “National Tier 1” rankings for the following practice areas included in the 2017 U.S. News – Best Lawyers® “Best Law Firms” list:

  • Employment Law – Management
  • Labor Law – Management
  • Litigation – Labor & Employment

“We are honored to again be designated as a top labor and employment firm by our respected industry peers and colleagues in the U.S.,” said Tom Bender and Jeremy Roth, co-managing directors of Littler, in a joint statement. “Achieving ‘Tier 1’ rankings reinforces our position as the industry’s leading labor and employment firm.”

See complete news item here.


Worldfund

Worldfund, a US-based nonprofit organization that promotes quality education in Latin America, seeks to hire a full-time Development Senior Manager in our New York City office. This is an excellent opportunity for an early career development professional to gain a broad range of experiences in fundraising at a dynamic, well-run organization, with significant room for growth. Responsibilities include stewarding current relationships, identifying and approaching new prospects for cultivation, soliciting major gifts in the U.S., and managing donor events, among other responsibilities outlined here: https://worldfund.org/images/news/DevelopmentSeniorManagerPD.pdf. Interested candidates should send résumé, 2 proposal examples and at least 1 other writing example to info@worldfund.org.

Worldfund is also hosting its 13th Annual Education Leadership Award Dinner, honoring Agustín Coppel Luken of Grupo Coppel and Fábio Colletti Barbosa of Fundação Itaú Social, on Thursday, June 8th. Anyone interested in attending should reach out to Cristina Gil at cgilwhite@worldfund.org


 

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