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Capital Valante unveils Ascend Fund II following a successful first close of $115 million

Private equity firm Valante Capital, an affiliate of IDC Network's PE division, officially announced the initial funding of Ascend Fund II, a private equity fund worth $250 million. This fund is geared toward bolstering consumer and retail ventures in Latin America, as well as American...

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Capital Valante announces the launch of Fund II within Ascend, reaching a first close of $115...
Capital Valante announces the launch of Fund II within Ascend, reaching a first close of $115 million.

Capital Valante unveils Ascend Fund II following a successful first close of $115 million

Valante Capital, the private equity division of IDC Network, has announced the first closing of Ascend Fund II, a $250 million private equity fund aimed at expanding consumer and retail platforms in Latin America and select U.S. companies with a Latin American presence.

The fund, which secured $115 million in capital commitments at its first closing, has already made three investments: Vitali Alimentos, American Foods, and Nutrica.

Héctor Valero, Managing Partner of Valante Capital, expressed confidence in the companies Ascend Fund II is backing. He mentioned that with the investments, Ascend is putting its playbook into motion from day one.

Vitali Alimentos, a rapidly growing protein platform, has achieved 38% revenue growth and 50% EBITDA improvement since 2020. American Foods is a U.S. food distribution platform operating in over 25 Latin American countries, strengthening Ascend's roll-up strategy and supporting cross-border market synergies.

Nutrica, a purpose-driven food company, provides affordable, nutritious food solutions. The investment in Nutrica tackles a critical public health issue in Latin America and aligns with Ascend's impact goals.

Ascend Fund II focuses on transforming under-optimized family-owned and corporate-divested assets in Northern Latin America. Héctor Valero stated that Ascend's strategy is about transforming overlooked but high-potential assets.

The fund also pursues cross-border opportunities related to Latin American consumers in the U.S. The general partner commitment exceeded 15% of the total fund capital.

The capital commitments were supported by returning limited partners and new institutional investors. The search results do not provide information about the other institutions that have invested as new Limited Partners in Ascend Fund II.

Héctor Valero is optimistic about the future of Ascend Fund II's investments. He believes that these companies have the potential to make a significant impact in the consumer and retail sectors in Latin America and the U.S.

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