PrimeStreet Group, a leading Financial firm in Thailand, invests in Angel Ventures Pacific Alliance Fund II.
Mexico City, July 2019- PrimeStreet Group, Thailand’s premier boutique investment banking firm just announced a strategic investment in Latin America in Angel Ventures Pacific Alliance Fund II.
PrimeStreet Group (www.primestreetgroup.com) provides specialized financial services to a diversified client base that includes private and public companies, financial institutions, investment funds, State-Owned Enterprises, Governments, and individuals. They work with the Board of Directors and top management to provide unbiased strategic advice and maximize long-term shareholder values.
Rewin Pataibunlue, Chairman of PrimeStreet Group, mentioned, “we see many similarities between Latin America and Southeast Asia in the tech space. Our investment in a creditable fund which focuses on Pacific Alliance countries enables us to gain solid exposure to and extensive experience from this region. This will not only support our financial advisory and investment banking businesses in addressing our clients’ appetite for investment in markets with higher returns like Latin America, but also expand our client base beyond Southeast Asia. We are excited to see a lot of upcoming opportunities for intercontinental transactions between two of the world’s fastest growing markets”.
Hernan Fernandez, one of the Managing Partner of Angel Ventures, underlines the value of such partnerships, “to sign in PrimeStreet Group as a Limited Partner into our Fund is proof that Latin America in general, and the Pacific Alliance in particular, ventures, is getting more attention from foreign capital into it is Venture Capital scene. For us, this becomes very important as we further develop our comparable markets approach. We work closely with our broad base of International Limited Partners (now representing over 12 countries) to transfer knowledge from diverse regions, which in turn benefits our Startup expansion plans, and gives us a differentiated pipeline from regional competitors. Having PrimeStreet Group will give us even better access to Southeast Asia and its thriving Tech Scene, not to mention arguably the fastest growing markets in the world”.
About Angel Ventures
Angel Ventures (angelventures.vc) is a venture capital firm focused on early stage investments with high growth potential in the Pacific Alliance region (Mexico, Chile, Colombia, Perú). AV emerged from the clear lack of funding opportunities in the early-stage sector with the mission to bolster the development of startups by linking them with strategic investors. Currently, AV has invested its first USD 20 million fund in 21 companies and has announced the launch of their second fund, the official Pacific Alliance Fund. This new fund has a USD 120 million target size to be invested in the fintech, retail, health, ICTs, and BoP/Agro sectors.
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Twitter: @AVM_Mex
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