Activa and Fen Ventures launch Activa-Fen Ventures Secondaries Fund

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Activa, LarrainVial‘s alternative assets division, and Fen Ventures have launched the Activa-Fen Ventures Secondaries fund to address the liquidity crunch facing Latin American tech companies and their investors.

The new fund will provide liquidity to current investors and encourage investments in later-stage startups.

Eduardo Beffermann, Head of Private Equity & Venture Capital at Activa, highlighted the need for liquidity, stating, “Exits have not kept pace with investments, creating a liquidity gap for current startup investors.”

In addition to Activa-Fen Ventures,, the Activa team is raising the Activa Venture Debt fund to support early-stage startups. Both funds have a target size of between $20M and $30M and will invest in companies in Latin America and the United States.

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