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