Early stage investment firm Alta Ventures Mexico has continued expanding its team after closing its $70m debut fund by hiring Diego Serebrisky from Advent International as a managing director.
Serebrisky, pictured, will spearhead the firm’s push into Colombia and Peru as well as supporting its Mexican investment activity.
Alta founding partner Paul Ahlstrom said, “Diego Serebrisky is one of the most recognized private equity professionals in Latin America and is a great addition to the Alta team.
“Diego brings a wealth of experience in the Private Equity industry, having spent the last fourteen years working for a leading global private equity firm.”
Serebrisky spent a dozen of those years in Advent’s Mexico City office focusing on analysing new deals, monitoring existing investments and organising exits.
He took part in more than 13 investments across sectors including financial services, business services, pharmaceutical, retail and technology.
Prior to his time at Advent Serebrisky worked as a consultant with McKinsey & Co in Venezuela, South Africa and the US providing strategic advice to large clients.
He is a member of the board of ColCapital, the Colombian private equity association, and was previously president of its Mexican equivalent AMEXCAP.
Alta reached a $70m final close for its debut investment fund in August thanks to Mexico’s accelerating economy.
Long avoided by private equity and venture in favour of booming emerging markets such as Brazil and China, Mexico is among a string of Latin American countries beginning to benefit from a tail-off in the attractiveness of the regional giants.
Alta focuses on Mexican companies with disruptive innovations in high-growth sectors such as software as a service, mobile, big data and consumer goods.
The maiden fundraise was led by the International Finance Corporation, Fondo de Fondos and the Multilateral Investment Fund, with the majority of capital coming from 29 family offices based in Monterrey, Mexico.
Additional investors included 500 Startups founder Dave McClure, the Guadalajara Angel Investment Network and two US family offices.
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