With positive momentum on side, government bodies are hoping to tap the new investor pools and develop funds that can drive the small and medium-sized enterprise market forward. Nafinsa, one of Mexico’s development banks, raised a venture capital fund five years ago.
Adriana Tortajada, fund manager of Nafinsa’s fund, tells of her surprise when they first launched: “We had the fund set up and all the money there. We sent out notices telling people to apply and sat back waiting for the flood of applications.
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