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All,

Good meeting and potentially good timing. They are in selection process to be mandated GP for Latin America/Caribbean fund being sponsored by IDB and China (think China Exim or development bank). IDB and China will put $500 mln, then they raise funds to bring to over $1 billion. They will find out after new year if they win. He's planning a trip down to Brazil/Latin America week of Jan 16th. He could meet a few people we suggest (i.e. Lacan, OAS, or other firms with projects). They will also look to raise money from pension funds down there so a partnership with a major player may be something they are interested in.

Macquarie has identified Brazil, Colombia, Chile, and Peru as their Latin American targets.

If they don't win the mandate from IDB and China, then they will do their own fund but that probably will push their start date back 1 year.

Felt it was a good meeting. Let's talk at some point soon regarding potential ideas/strategy for next steps.

Best,

John
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