LAIC Venture Capital, a provider of venture capital in the fields of oil and natural gas, mining and mineral rights, alternative energy, bioenergy and real estate, is opening a new local office in Sao Paulo Brazil in December 2010.
The Sao Paulo office will consist of 25 to 30 investment banking professionals and support staff and will offer a complete product portfolio of private investment banking products to both investors and entrepreneurs throughout South America.
“The further geographical expansion of the LAIC Venture Capital private investment banking value-added model is a top goal for us, and Brazil is the perfect place to enter the South American market,” says Steven Muehler, chief executive of LAIC Venture Capital. “Our new South American space allows us to continue to fill our stables with some of the industry’s most experienced and diversified investment bankers and investment portfolios in the industry.”
The Sao Paulo office marks the first international location for the Los Angeles based private equity investments firm. LAIC Venture Capital currently has offices in Beverly Hills and in West Los Angeles, California. It has plans to open an office in Toronto, Canada in early 2011 and Tokyo, Japan in late 2011.
