Efromovich/Silva adds partner amid fundraise

The Bogotá-based firm is targeting $300m for Latin American and Caribbean companies.

Efromovich/Silva Capital Partners has appointed former Skandia Old Mutual chief investment officer Maria Claudia Correa-Ordoñez as operating partner, according to a spokesperson from the firm.

Correa- Ordoñez joined Efromovich/Silva’s Bogotá office on 10 March. She will be the firm’s only operating partner and will focus on fundraising activities.

Previously, she focused on Skandia’s implementation of a decentralized budget and credit risk analysis. She has been replaced at the pension system by senior portfolio manager Juan Daniel Frias, Private Equity International reported last week. Correa- Ordoñez has also worked at the Financial Superintendency, the Central Bank and the Ministry of Finance of Colombia.

Efromovich/Silva is in market with its debut fund, Ancla 360, which is expected to close on $300 million before the end of 2014. A first close is expected during the second quarter, according to the spokesperson. Ancla 360 will invest in companies in the financial services, hospitality, logistics, retail, transportation and oil and gas sectors in Brazil, Colombia, Peru, Spain and Portugal.

Founded in 2012, Efromovich/Silva is led by managing partners German Efromovich and Gabriel Silva. Efromovich previously founded Sao Paulo-based aviation and oil and gas conglomerate Synergy Group, while Silva was a co-founder of ACON Investments’ Latin America practice New Bridge Partners, although he left before the completion of the first fund cycle around 1997, according to the spokesperson. Silva has also founded Global Education Group, a financial and education insurance network, and independent oil company PetroColombia, which is a part of Synergy.

Efromovich-Silva is headquartered in Bogotá and has offices in Madrid, Rio de Janeiro, and Washington DC. The firm is also planning to open an office in Lima by the end of the year.