Overview
LAP is a private equity firm organized as a limited liability company under the laws of the State of
Delaware. Mr. Teseo Bergoglio and Mr. James Martin founded LAP in 2009 and are its only
shareholders. The investment activities of LAP are led by both Mr. Bergoglio and Mr. Martin
(collectively the “Partners”), and a number of other investment professionals work with LAP to
execute its investment strategy.
LAP serves as an investment manager and provides discretionary advisory services to private
investment partnerships (each a “Fund” or collectively the “Funds”). Typically, within each Fund
structure there is a designated general partner (the “General Partner(s)”) and fund manager (the
“Fund Manager(s)”).
The Funds are organized to invest in companies with primary business activities located in Latin
America and the Caribbean (the “Region”), and shall only make mezzanine and equity investments.
As of December 31, 2023, the Adviser managed approximately $171 million in assets on a
discretionary basis on behalf of the Funds.
In providing services to the Funds, LAP formulates each Fund’s investment objectives, directs and
manages the investment of each Fund’s assets, their divestment, and provides reports to investors.
Investment advice is
provided directly to the Funds and not individually to the limited partners (the
“Limited Partners”) of or lenders to the Funds (jointly the “Investors”). LAP manages the assets of
the Funds in accordance with the terms of each Fund’s confidential limited partnership agreements,
loan agreements and other governing documents applicable to each Fund (the “Fund Governing
Documents”). All terms are generally established at the time of the formation of a Fund, and, unless
amended by Investors, remain in effect until the applicable Fund is dissolved, wound up, and
terminated. The Investors may not restrict any investments that comply with the investment
guidelines, and except in limited circumstances, Limited Partners are not permitted to withdraw
from a Fund prior to the Fund’s dissolution.
Limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), and the Funds are not registered under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). Accordingly, interests in the Funds are
offered and sold exclusively to Investors satisfying the applicable eligibility and suitability
requirements, either in private transactions within the United States or in offshore transactions.