Nazca Continuity Fund I

in implementation

The Project consists in an equity investment of up to USD 5 million inNazca C-Fund I, LP(“Nazca LAC Digital Growth Fund” or the “Fund”), a new regional venture capital growth fund aimed at investing in the most notable high-performing digital-based companies of Nazca Fund I and Fund II to support their high growth potential across Latin America and the Caribbean (LAC).The Fund is incorporated in Canada and is managed by Nazca C-Fund I GP, LLC (“Nazca” or the “Fund Manager”). Established in 2014, Nazca is one of the most active Mexican venture capital (VC) firms in LAC. As of Q4 2022, Nazca successfully raised USD 227 million and invested USD 100 million in three funds with a MOIC of 1.98 (current NAV of USD 195 million).The Fund will invest in successful expanding companies requiring more capital than the one available in Nazca’s initial funds. The Fund will provide capital to young, innovative and fast-growing firms across the region. Thus, it will contribute to job creation, increased productivity and, finally, economic growth. The Project is also expected to enable technology transfers and contribute to improving the development of the Mexican and regional innovation ecosystem.