Valor Capital Group added Paulo Passoni as managing director in charge of handling the $1.5 billion firm’s growth equity business and sourcing of new investment opportunities.
Based in the venture capital and growth equity firm’s New York office, Passoni is expected to work closely with founders to support growth at Valor’s existing portfolio companies. Most recently Passoni was a managing investment partner of SoftBank‘s $8 billion LatAm Funds, where he contributed to the significant expansion of the business and investment team.
“We are thrilled to welcome Paulo to Valor as we continue to scale our growth equity business and serve entrepreneurs in their journey from start up, to scale up, to IPO,” said Scott Sobel, founding partner and CEO of Valor. “Paulo has been a long-term friend of the firm and trusted advisor to many extraordinary founders and management teams in the U.S. and throughout Latin America.”
Passoni brings more than 15 years of investing experience across various asset classes, including private and public equities, private and public credit, infrastructure, and real estate. He has specialized expertise in growth equity and special situations. Prior to joining SoftBank, he was a managing director responsible for emerging markets investments at Third Point Management. Prior to Third Point, he helped build the Latin America special situations investing team at Eton Park Capital Management. He began his career in mergers and acquisitions at Morgan Stanley.
The addition of Passoni follows Valor’s first internal promotion to Partner of Carlos Costa to further drive the firm’s venture and fintech investing business. The firm has the largest venture team in the Latin America region, with professionals based in São Paulo, Rio de Janeiro and Mexico City, in addition to New York and Silicon Valley.
“We are entering a cycle whereby the Series B+ opportunity set in Brazil and broader Latin America is highly attractive, due to the maturation of the market, the talent, and valuation resets,” added Valor CEO Sobel. “We look forward to continuing to operate as a trusted partner to local companies seeking global access and insights.”