SÃO PAULO–(BUSINESS WIRE)–General
Atlantic, a leading global growth equity firm, announced today that
Pedro Parente will join the firm as Chairman of Brazil, as of June 18,
2019.
In this newly created advisory role, Mr. Parente will work closely with
General Atlantic’s Latin American investment team to support its
portfolio companies in the country to scale and grow both regionally and
internationally. General Atlantic has made 18 investments in Latin
America in 12 years in companies in its core sectors of technology,
consumer, healthcare and financial services.
“Pedro is a proven, globally-oriented leader with a track record of
growing major businesses and leading government organizations across
Brazil,” said Bill Ford, Chief Executive Officer of General Atlantic.
“We are excited to see an accelerated pace of creation of
entrepreneur-led Brazilian companies with international aspirations.
We’re confident Pedro is the right person to support General Atlantic’s
continued efforts to partner with entrepreneurs in Brazil and help them
achieve their goals for regional and global growth.”
“We made our first investment in Brazil in 2008, and it continues to
represent an increasingly active investment office,” said Martín
Escobari, Managing Director and Head of General Atlantic’s business in
Latin America. “We’re seeing a wealth of growth opportunities in Brazil
and across Latin America, and are thrilled to have Pedro join the
organization at such an exciting time.”
“General Atlantic has a longstanding tradition of identifying and
partnering with some of the most renowned emerging growth companies,”
said Mr. Parente. “I look forward to working closely with the firm’s
Latin American investment team to uncover dynamic and successful local
entrepreneurs, empowering them with the partnership and capital they
need to accelerate and scale their businesses.”
Mr. Parente is currently the Chairman and CEO of leading food company
BRF. From June 18 on, he will leave the CEO position. Prior to his
tenure at BRF, one of the largest global food companies with a portfolio
of more than 30 brands and a presence in over 150 countries, Mr. Parente
served as CEO or in other leadership roles at organizations including
Petrobras, PRADA Financial Advisory Group, Bunge Brasil and Group RBS.
Before his business career, Mr. Parente held several leadership roles in
the Brazilian government, including Minister of Planning, Energy and
Mining, and Chief of Staff during President Fernando Henrique Cardoso’s
term.
Mr. Parente has served on several boards, including B3, ABC Groups, and
SBR-Global and is a fellow of George Washington University’s Center for
Latin American Studies. He graduated from the University of Brasilia and
has been honored with both civil and military national decorations from
Brazil.
Drawing from nearly 40 years of experience investing in over 350 global
growth companies, General Atlantic partners with entrepreneurs and
management teams who are building leading, high-growth businesses. The
firm has approximately $31 billion assets under management as of
December 31, 2018. General Atlantic focuses on investments across four
sectors, including Consumer, Financial Services, Healthcare, and
Technology, with support from the firm’s global team of experts.
About General Atlantic
General Atlantic is a leading global growth equity firm providing
capital and strategic support for growth companies. Established in 1980,
General Atlantic combines a collaborative global approach, sector
specific expertise, a long-term investment horizon and a deep
understanding of growth drivers to partner with great entrepreneurs and
management teams to build exceptional businesses worldwide. General
Atlantic has more than 150 investment professionals based in New York,
Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico City,
Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. For more
information on General Atlantic, please visit the website: www.generalatlantic.com
Contacts
Media
Mary Armstrong
General Atlantic
[email protected]
