Crossing Borders With Nathan Lustig

Jose Miguel Cortes, Fondo de Fondos: Supporting the venture capital industry in Mexico and Latin America, Ep 137   A fund of funds raises capital from different investors to invest in Venture Capital or Private Equity funds. These investors –mostly institutional– pick funds of funds so that they can trust a professional manager to pick the best VC funds to invest in.    Jose Miguel Cortes is the Head of Venture Capital and Impact Investing Strategies for Fondo de Fondos, a leading Mexican private equity and VC fund of funds and co-investment alternative investment management firm.    I sat down with Jose Miguel to talk about what a fund of funds model entails, from their investment criteria to what it’s like raising capital. We also discuss the impact of COVID-19 on the VC market in Mexico and Latin America and the vision behind Fondo de Fondos’ new impact fund. “I have a lot of respect for VCs” Raising capital as an entrepreneur can be challenging, but raising capital as a VC is a lot harder. Jose Miguel und