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INICIA is a private asset management firm that operates through partnerships with unique managers focused on the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

INICIA

INICIA is a private asset management firm with profound experience in the NOLA (Northern Latin America) Region, that has developed a unique investment and talent development model focused on creating long-term value through sustainable, specialized and diversified investment funds.

Our History

The firm was founded in the Dominican Republic in 2007 as VICINI with the purpose of managing the Vicini family’s investments, supported by an 140-year entrepreneurial legacy, family unity and expertise throughout 4 generations.

 

In 2016 we changed our name to INICIA in order to represent our evolution as an asset management firm.

Our Culture

With a legacy of over 140-years experience, we maximize long-term value creation by attracting distinctive talents focused on producing risk-adjusted and sustainable returns.

Mission

Create significant value for investors, clients, partners and associates, while contributing to the sustainable growth of the countries where we invest by empowering the talents we work with.

Values

  • We promote a culture of transparency and responsibility, where trust is fundamental.
  • We believe in having a sense of proportion and humility with the decisions we make and the strategies we pursue.
  • We encourage our people to be passionate and happy with the work we do.

Our People

INICIA is about its people. We recognize that executing our vision for long-term sustainable economic growth requires a multicultural team with deep industry knowledge, extensive expertise across a wide range of fields, and a vast network of resources. The firm’s team of more than fifty professionals brings excellence, investment acumen, risk analysis of market trends and investing feasibility to optimize opportunities for investors and clients.

Our Team

Felipe A. Vicini

Managing Partner

Managing Partner and Chair of the Strategy and Investments Committee. A thirty year film industry veteran, Felipe has a B.S. in Communications from Northwestern University.

Amelia S. Vicini

Partner

Partner and member of the Strategy and Investments Committee, Amelia worked in the magazine publishing industry prior to joining INICIA. She has a B.A. from Sarah Lawrence College.

Partner

Partner and member of the Strategy and Investments Committee. Prior to joining INICIA, he was an equity and risk-arbitrage analyst at American Capital Management and Natexis Bleichroeder. He has a B.S. in Management Information Systems from Northeastern University.

Juan B. Vicini

Partner

Partner and member of the Strategy and Investments Committee, Juan has worked in the family business in numerous positions and functions since receiving his B.S. in Economics from Babson College.

Campos De Moya

Communications and Institutional Relations

Campos has been a high-level executive at INICIA managed companies for over 25 years and has represented the Dominican Republic in regional negotiations and forums such as DR-Cafta and Caricom. He has a B.S. in Agricultural Economics from Texas A&M University.

Elias Esber

Firm Advisor

An advisor to the Strategy and Investments Committee,  Elias was Executive VP of Domestic and International Private Banking at Commerce Bank and a former Partner with McKinsey and Company. He has a Master’s in Engineering and Economic Systems from Stanford and a Systems Engineering degree from Universidad Metropolitana in Venezuela.

Leonel Melo Guerrero

Legal Counsel

A member of the Strategy and Investments Committee, Leonel is founding Partner of OMG, a leading legal and financial consulting firm in the Dominican Republic. He has a Master’s in Financial and Corporate Law, Tax and Business Planning from Notre Dame and a Law degree from Universidad Católica Madre y Maestra in the Dominican Republic.

Ivelisse Ortíz

Risk and Compliance

Member of the Strategy and Investments Committee, Ivelisse is an executive with a trajectory of over 30 years in the financial sector in the Dominican Republic. She was formerly Business Vice-president of the Banco Dominicano del Progreso and Resident Vice-president of Citibank. She holds a Bachelors Degree in Accounting and Audit from the Universidad Pedro Henríquez Ureña.

Indiana Peña

Talent Management

A Talent Management executive with over forty years experience in high level positions in the Dominican Republic’s leading companies, Indiana has several Master’s degrees including Public Administration and Labor Law as well as a Law degree from Universidad Católica Madre y Maestra and a Masters in Personnel Management from Escuela Nacional de Administración Pública in Venezuela.

Sustainability

Our funds are designed for investors who share our vision of sustainability, where value goes beyond any economic cycle.

 

We believe in promoting social progress and the responsible management of the environment, through long-term financial growth.

 

We promote a model based on the Principles for Responsible Investment that, through the incorporation of Environmental, Social and Corporate Governance (ESG) criteria, fosters a social and environmental license to operate in the companies in which we invest while reducing risks, increasing operational efficiency, competitive edge and revenue.

Affiliated Managers

We manage our investments through partnerships with distinctive managers whose expertise is focused on various sectors and countries.

agrega-partners

Founded in 2006, Agrega Partners is an advisory and asset management firm with offices in Venezuela, Dominican Republic, Miami and Panama. The team integrates a long track record of advisory, asset management, investment operations and first line management with market leading institutions from a broad range of sectors in more than 15 countries.

daf-management-logo-inicia

DAF Management is an advisory and asset management firm concentrated in asset value recuperation and the monetization of problem assets. Our highly specialized team operates and administers distressed asset funds and their business units, implementing creative solutions and executing challenging strategies aimed at recovering the lost value of investments.

inicia-educacion

INICIA Educación Managers administers INICIA Educación, an Impact Investment Fund focused on positively impacting the Dominican Republic’s education system through investments that improve learning outcome indicators.

putney

Putney Capital Management is an asset management and advisory firm specializing in the energy, agro-industrial and heavy industry sectors. We provide strategic advice to private capital enterprises on mergers and acquisitions, private capital transactions and turnarounds. The firm has offices in Puerto Rico and the Dominican Republic.

terra-rd-partners-logo-inicia

Terra RD Partners is an asset management firm focused on real estate assets in the Dominican Republic. It was founded in 2014 with headquarters in Santo Domingo and is co-manager of INICIA’s Terra República Dominicana Investment Fund.

Investment Philosophy

We believe in talent-driven versus opportunity-led growth.

We provide long-term attractive risk-adjusted returns for all of our investors, clients, partners and associates.

We identify a select number of platforms with high long-term growth potential in the Region.

We invest in these platforms by partnering with distinctive talent able to extract value out of these opportunities.

Strategy

Platforms

We research the countries in the Region with the highest growth as percentage of global GDP. We analyze the principal trends, drivers, and industries that are pushing that growth.

Talent

We identify potential partners to manage these platforms with us. We look for managers with successful track-record and a distinctive edge who share our long-term vision and values.

Selected Transactions

vicini-transacciones-seleccionadas-banco-ademiThe investment in Banco Ademi was carried out in January 2013. Banco Ademi focuses on providing banking services to micro and small businesses in the Dominican Republic. This investment is currently in the profitability management phase of the portfolio oversight process.

vicini-transacciones-seleccionadas-helados-bonThe equity investment in Helados Bon was carried out in June 2008 through the execution of a debt to equity conversion option. Helados Bon is engaged in the production of ice cream for sale in Dominican Republic. A large portion of this investment was sold in March 2011 to Grupo Nutresa, while the remaining portion was monetized in May 2012.

vicini-transacciones-seleccionadas-gcs-systemsThe investment in GCS Systems was executed in May 2010. GCS Systems is an international company that provides services for the management of mobile payment platforms. This investment is currently in the growth management phase of the portfolio oversight process.

Gerdau Metaldom resulted from the merger of Metaldom and INCA in October 2014. Gerdau Metaldom is a multinational steel company based in the Dominican Republic with a significant presence in the Caribbean and Central America. This investment is currently in the consolidation phase of the portfolio oversight process.

pio-lindoThe investment in FRISA was carried out in January 2014. FRISA is a poultry and feed company based in Guatemala that also produces and markets the Pio-Lindo brand, among others. This investment is currently in the consolidation phase of the portfolio oversight process.

totalThe original investment in V Energy was carried out in May 2011 with the acquisition of a 50% stake in the company. The remaining 50% in V Energy was purchased in December 2013. In January 2016, Total acquired a 70% stake in V Energy. This joint-venture will be named Total Dominicana and will operate as part of Total’s network in the Caribbean. Total Dominicana owns 130 stations and is a distributor of commercial oil products and lubricants in the Dominican Republic. This asset is currently in the profitability management phase of the portfolio oversight process.

Contact Us

Av. Winston Churchill #5
Santo Domingo, Republica Dominicana

Telephone
(809) 541 5400