NEW YORK, Sep 28, 2021 (GLOBE NEWSWIRE) – Notarc Management Group establishes the Panama Development Fund (PDF), a venture capital and opportunity fund focused on Latin America that has already made a significant investment in Fuel Venture Capital Partners, an American Venture Capital Fund company based in Miami, Florida, to strategically align with expanding technology investments throughout Central and South America through its hub in Panama, where it already has a pipeline over $ 7 billion in various investments in infrastructure, real estate and renewable energy.
“The mission of the Panama Development Fund is to align with strategic capital partners and investors to support and develop innovation, technology, infrastructure and sustainable initiatives in Latin America and the Caribbean with a target allocation. 20% of its capital to be deployed in global technology and innovative companies selected and organized by Fuel Venture Capital Partners ”, noted Leslie C. Bethel, CEO of Notarc Management Group during recent meetings held in New York with key investors and Panamanian officials.
“LatAm is a market with over 625 million consumers and where many are already using technology in their daily lives and where the demand for innovation and business-driven solutions is growing exponentially and is being catapulted by the COVID pandemic. As such, we are very focused on expanding our investment and business footprint in this region through this new partnership, ”said Jeff Ransdell, Managing Director and Founding Partner of Fuel VC.
This merger has already opened the door for 30 existing holding companies (including Eyrus, Ubicquia and OhmniLabs) that will have the opportunity to leverage the Panama Development Fund as a hub to expand in the Latin America region. “Our smart city technology will provide significant energy savings while improving public safety and connectivity in communities in Latin America and the Caribbean,” adds Ubicquia CEO Ian Aaron.
“Panama is truly the perfect location and hub for multinational companies to thrive around the world. We are happy when international investors realize the potential of this region. Today we want to send a message to the world , and in particular to the technology / innovation sector, that Panama is here to facilitate the connection of the dots as a key global hub and we are open for business and want all entrepreneurs and businesses to consider our location and who wish to benefit from attractive business incentives, ”said President Laurentino Cortizo of Panama.
Under President Cortizo’s leadership, Panama continues to thrive as a global logistics hub and is often referred to as America’s Singapore. He has promoted policies and implemented programs that continue to build investor confidence and have helped support Panama’s GDP, which has grown steadily over the past decade. “A business-friendly environment and a well-established strategic location with convenient access and connectivity to all From Central, South and North America through its airport hub at Tocumen and the Panama Canal, these factors and many more are key elements that businesses and investors find attractive in this key growth region, we are excited to expand our presence in the Americas, “noted Sir Baltron Bethel, Chairman of the Advisory Board, Notarc Group of Companies.
About the Notarc Management Group
Notarc Management Group includes leading investment and asset management professionals in UK, Europe, Panama, Asia, Bahamas and USA. As an advisory and private equity firm, Notarc Management Group focuses exclusively on investing in asset class opportunities in real estate, hospitality, logistics, technology and infrastructure in the Americas; while maintaining its primary focus on stabilized and key strategic markets in Latin America and the Caribbean.
Notarc provides expert local knowledge and asset management oversight while aligning with sovereign wealth funds, institutional and private private equity firms and global family offices to invest capital through its various opportunity funds. SPV, including the Panama Development Fund.
For more information on Notarc Management Group, please contact:
Mr. Dion L. Bowe
Managing Partner Latin America
Notarc Management Group
Email: [email protected]
About Fuel Venture Capital
Fuel Venture Capital is committed to propelling revolutionary ideas into businesses that change the world and democratizing access to the creative economy to shape the future of society. The company’s ‘founder-driven, investor-driven’ approach is led by a core team with over 60 years of combined experience in the areas of investment banking, wealth management, banking and finance. executive leadership and entrepreneurship. The fund boasts a portfolio of 31 companies based around the world in many industries, bringing a positive impact to virtually every corner of our modern economy. To find out more, visit www.fuelventurecapital.com and follow Fuel VC via Twitter: @FuelVC and Instagram: @FuelVentureCapital.
For more information on Fuel Venture Capital, please contact:
Nicole Martinez, The Tag Experience
Phone. : 561.827.3937
Email: [email protected]
press release – panama development fund established under the fuel vc and notarc latam alliance regime (final on 28/09/2021) .pdf
Image 1: PDF at Nasdaq Headquarters in NY
Notarc and Fuel VC Portfolio Companies at Nasdaq with President Cortizo of Panama
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PDF at Nasdaq Headquarters in NY