A Global Merchant Bank with Andean Roots
Prior to joining KIT Capital, while at Goldman Sachs, Credit Suisse First Boston and the World Bank, our principals advised some of the largest private companies and governmental agencies in the Andean region–including Bancolombia, the Colombian Ministry of Communications, Ecopetrol, PDVSA, the Sindicato Antioqueño, Southern Copper Corporation, Telebras and Telefónica (Perú). As a pioneering investor on the Equities Risk Arbitrage desk at Goldman Sachs in the 1990s, KIT Capital founder Kaleil Isaza Tuzman co-managed one of the largest pools of capital at the time dedicated to active public equity investing in Latin America. Immediately prior to founding KIT Capital, Kaleil led the implementation of the Republic of Colombia’s e-government program. He was also a key figure in the U.S.-based lobby for the transformative Plan Colombia initiative implemented in 2000, and personally accompanied President William J. Clinton on the first U.S. presidential mission to Colombia since the Kennedy Administration.
Since its founding in 2001, KIT Capital has:
- Successfully taken control of and liquidated 14 third-party venture portfolio investments, neutralizing liabilities and realizing residual asset value of over US$30 million
- Taken control of and turned around the struggling subsidiary of a billion-dollar publicly listed marketing and communication firm, subsequently selling it an 11.3x return to a private market buyer;
- Advised an enterprise software firm on its sale to a publicly traded buyer for a 10x+ return for investors;
- Led a technology start-up from two people and under US$300k of annual revenue to nearly US$40 million of annual revenue and a successful dual public stock market listing in Toronto and London;
- Successfully penetrated blue-chip customers in 80+ national markets in Latin America, the Middle East, Africa and Asia for U.S. and European growth equity firms in the technology, media, and business services fields.
- Acquired a control stake in a US$10 million annual revenue, OTC-traded video technology company with 100 employees and led it through a NASDAQ public offering, US$300 million of annualized revenue, 1,000+ employees and a nearly 300% return during KIT Capital’s leadership tenure;
- Realized a compounded internal rate of return of over 30% per annum from its early-stage investments in software and digital media;
- Quadrupled the net asset value of KIT Real Estate’s investments in Latin America and the Middle East.