Recast Capital and IDB Lab Partner to Launch Venture Manager Program in Latin America and the Caribbean
Recast Capital has entered into a three-year partnership with IDB Lab, the innovation arm of the Inter-American Development Bank Group, to launch the LAC Emerging Fund Managers Launchpad. This initiative aims to expand Recast's 'Accelerate' program into nascent venture ecosystems across Latin America and the Caribbean (LAC), providing local fund managers with institutional-quality infrastructure, executive coaching, and operational support. The partnership addresses a significant geographic imbalance in regional venture capital, where Brazil and Mexico currently capture over 70% of investment dollars. By offering specialized tracks for first-time managers and engaging regional limited partners, the program seeks to build a sustainable pipeline of local GPs and mobilize more capital into underserved markets like Central America, the Caribbean, and several South American nations.
Topics: Fund Management Latin America Venture Ecosystem Manager Development Venture Capital