SoftBank Group announced the initial executive investment team for the recently launched $5 billion SoftBank Innovation Fund targeting the Latin American market.
Marcelo Claure, chief operating officer of SoftBank, will also lead SoftBank Latin America and will be responsible for overseeing the SoftBank Innovation Fund, its investments and operations.
Andre Maciel, based in Sao Paulo, will serve as managing partner responsible for structuring transactions, overseeing the SoftBank Innovation Fund’s Brazil office and investments in other Latin America early stage funds.
Andre Maciel was previously a managing director at J.P. Morgan where he spent 17 years in leadership positions in M&A and Equity Capital Markets.
Shu Nyatta, based in Miami and Silicon Valley, will serve as one of two investment partners — responsible for sourcing and implementing new investments for the SoftBank Innovation Fund. Shu Nyatta has been with SoftBank since 2015 in different investment roles. He was previously with J.P. Morgan and McKinsey & Co.
Paulo Passoni, based in the Miami office, will serve as the second managing investment partner responsible for sourcing and implementing new investments. Paulo was previously managing director and analyst at Third Point focused on investments in Latin America.
The SoftBank Innovation Fund will initially have offices and investment professionals in Miami, San Carlos, Tokyo and Sao Paulo.