Fernando Alvarado
CEO at Deetken Impact- Claim this Profile
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Topline Score
Bio
Mareike Hussels
Fernando is a professional that stands out through his combination of expertise, experience, reliability, interpersonal skills and excellence in delivery. I would work with him again any time with great pleasure.
Jeffery Dickinson
Fernando is a consummate professional with a deep and wide experience base in energy and related sectors. I have no reservations about providing a strong recommendation for Fernando.
Mareike Hussels
Fernando is a professional that stands out through his combination of expertise, experience, reliability, interpersonal skills and excellence in delivery. I would work with him again any time with great pleasure.
Jeffery Dickinson
Fernando is a consummate professional with a deep and wide experience base in energy and related sectors. I have no reservations about providing a strong recommendation for Fernando.
Mareike Hussels
Fernando is a professional that stands out through his combination of expertise, experience, reliability, interpersonal skills and excellence in delivery. I would work with him again any time with great pleasure.
Jeffery Dickinson
Fernando is a consummate professional with a deep and wide experience base in energy and related sectors. I have no reservations about providing a strong recommendation for Fernando.
Mareike Hussels
Fernando is a professional that stands out through his combination of expertise, experience, reliability, interpersonal skills and excellence in delivery. I would work with him again any time with great pleasure.
Jeffery Dickinson
Fernando is a consummate professional with a deep and wide experience base in energy and related sectors. I have no reservations about providing a strong recommendation for Fernando.
Credentials
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The Fund will have GIIRS rating
B Lab
Experience
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Deetken Impact
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Canada
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Investment Management
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1 - 100 Employee
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CEO
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Jun 2015 - Present
Founder and main partner of a leading international impact investment fund management company with the immediate responsibility of the H-REFF and CABEF venture capital funds, two mezzanine finance mechanisms for renewable energy and energy efficiency projects and companies in Central America and the Caribbean with AUM of $60.2 million. Designed, structured, fundraised, and currently manage a portfolio composed of 15 investments in the LAC region. Founder and main partner of a leading international impact investment fund management company with the immediate responsibility of the H-REFF and CABEF venture capital funds, two mezzanine finance mechanisms for renewable energy and energy efficiency projects and companies in Central America and the Caribbean with AUM of $60.2 million. Designed, structured, fundraised, and currently manage a portfolio composed of 15 investments in the LAC region.
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Independent Consultant on Energy Markets and Financial Mechanisms for Clean Energy Finance
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Aug 2010 - Jun 2015
Consulting and advisory work to organizations such as the World Bank, the IFC, CABEI, IDB and IDB LAB, USAID, Enclude (formerly Triodos Facet), HIVOS and Government of Honduras. Experience includes training financial institutions in Central America and Africa to assess clean energy projects with emphasis on hydroelectric projects, assisting regional financial institutions to develop clean energy pipeline and portfolios, and one-on-one advisory to clean energy developers on project and risk assessment and financial structuring. Authored practical manuals on financial assessment and risk management of clean energy projects for credit and investment officers. Organized and held energy efficiency regional Caribbean seminars in Jamaica. Served as Regional Coordinator for the Energy and Climate Program of Activities of the Private Financing Advisory Network, ECPA – PFAN (www.cti-pfan.net) in The Caribbean and Central America, supervising the development of clean energy and energy efficiency pipelines of projects seeking financing and advisory services and the development of the Central American Clean Energy Financing Forum in San Pedro Sula, Honduras (April 2013). Other consultancies included a Financial Market Study, a Renewable Energy Project Portfolio and a proposal for Innovative Financial Mechanisms and support services for IDB, World Bank and the Government of Honduras, under the Scaling-Up of Renewable Energy in Low Income Countries Program (SREP), which transitioned towards the implementation of the H-REFF fund. Also, a consultancy for IDB-MIF on the market assessment for a renewable energy project incubator and exchange for the Caribbean, Central and South America was completed in 2015. Other consultancy work includes the feasibility study and structuring of a new Development Fund to invest in mini and micro hydro, efficiency cook stoves and biomass projects in Honduras, Guatemala and Nicaragua for the German GIZ and the Dutch HIVOS.
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Advisor
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Aug 2010 - Dec 2014
Business and financial advisor of a clean energy, project development consortium in Central America operating and developing several projects with a combined capacity of 80 MW+. Responsibilities included participating on the definition of the Group’s business and growth strategy, fundraising, connecting and negotiating with prospective institutional investors, handling banking relations and overall triple-bottom line assessment of the projects. Business and financial advisor of a clean energy, project development consortium in Central America operating and developing several projects with a combined capacity of 80 MW+. Responsibilities included participating on the definition of the Group’s business and growth strategy, fundraising, connecting and negotiating with prospective institutional investors, handling banking relations and overall triple-bottom line assessment of the projects.
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Safety Tubs LLC
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Accounting
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CFO
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Mar 2010 - Jul 2010
Formed part of the senior management team of the company to participate in the process of attracting growth capital and ultimately selling the company. The initial engagement included hiring an M&A firm and the preparation of a Confidential Investment Memorandum that was distributed to prospective investors. Subsequently, the process involved conversations with various financial and strategic investors and ultimately, into a direct negotiation with an important strategic buyer (American Standard). Upon receipt of an offer from the strategic buyer in May 2010, the due diligence process, legal closing, and acquisition of Safety Tubs was completed in less than two months, ending on June 22. Together with Safety Tubs’ CEO, led the due diligence process on behalf of the Seller, which included dealing with six different firms appointed by the Buyer (each firm performing separately financial, legal, intellectual property, insurance, human resources, and manufacturing due diligence). The scope of the work also included high-level negotiations with the Buyer’s financial advisors and owners SUN Capital Partners. In parallel to the M&A transaction, the daily main responsibilities included directing the company’s financial strategy, participating in Board meetings, leading fundraising and financial structuring efforts and overall financial management.
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CEO
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Apr 2005 - Feb 2010
Management of the US$17 million CAREC mezzanine finance fund that invested in renewable energy, energy efficiency and cleaner production projects and companies in Central America. Had leading participation in the creation, structuring, fundraising and closing of this fund, which started operating in August 2006 and was liquidated in 2016 delivering positive triple bottom line impacts. Majority investors in this fund were the Multilateral Investment Fund of the Inter-American Development Bank and the Central American Bank of Economic Integration. Other investors with whom active interaction occurred regularly included European development banks. As CEO of E+Co Capital, General Partner in CAREC, the main responsibilities included management of the fund, pipeline development, managing staff, performing portfolio asset management and executing exit of investee companies, leading the fund’s corporate governance and representing the fund at international venture capital forums. The E+Co Capital CEO also acted as Managing Director of E+Co (holding company) participating on strategic decisions of the group of companies that operate globally and participated as observer on E+Co’s Board meetings.
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Regional Manager - LAC
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Mar 2000 - Mar 2005
Responsible of the management of E+Co’s office for Latin America and the Caribbean, supervising an investment portfolio of more than 30 renewable energy projects and companies in the region. This included full supervision of the offices in San Jose, Brazil and Bolivia. The position demanded extensive travel through the region providing enterprise development services and funding (loans and equity investments) to project developers and working with local and international financiers structuring renewable energy and energy efficiency enterprises. Assessment of regulatory frameworks, macroeconomic conditions and advice on energy sector policy was part of the regular activities of the Regional Manager that contributed to the implementation of renewable energy projects in the region. The Regional Manager presented regularly before international audiences on topics such as project finance, assessment of investment opportunities in clean energy technologies, portfolio risk management, etc.Between 2001 and 2005 also acted as Team Leader for the USAID-sponsored regional program Financing of Renewable Energy Enterprises in Central America (FENERCA), which included development of renewable energy pipelines of projects in all 5 countries, development of business plans, financial structuring for pipeline projects, formal training to project developers on financial analysis and business plan preparation, training to bankers on renewable energy technologies and their risk assessment, analysis of renewable energy policies and proposals to remove barriers, creation of innovative financial mechanisms, carbon assessment for project developers, etc. Co-authored manuals for carbon assessment and measurement, for analysis of hydroelectric projects and for business plan preparation. Held more than 60 training sessions to bankers and project developers.
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Representative for Latin America and the Caribbean
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Apr 1999 - Jan 2000
Investment Officer of renewable energy projects, with responsibilities that included portfolio management, marketing of financial services and project assessment. Investment Officer of renewable energy projects, with responsibilities that included portfolio management, marketing of financial services and project assessment.
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Senior Investment Officer and CFO/Administrative Manager
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Oct 1995 - Jan 2000
Project financing in Central America for the World Bank’s private branch. Duties included fund raising, marketing of financial services, project assessment and structuring. Contacts included IFC, IDB, IIC, DEG, FMO and CABEI, among others. Also, acted as CFO and Administrative Manager of the firm. Project financing in Central America for the World Bank’s private branch. Duties included fund raising, marketing of financial services, project assessment and structuring. Contacts included IFC, IDB, IIC, DEG, FMO and CABEI, among others. Also, acted as CFO and Administrative Manager of the firm.
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Relationship Manager - Deputy Credit Manager
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Jul 1993 - Oct 1995
Responsibilities included credit analysis and management of a credit portfolio composed of local corporations and multinational companies. In parallel, acted as Head of the International Trade Department. Responsibilities included credit analysis and management of a credit portfolio composed of local corporations and multinational companies. In parallel, acted as Head of the International Trade Department.
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Corporación Banex
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United States
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Information Technology & Services
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Credit Officer - Project Finance Dept
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May 1990 - Jul 1993
Credit Officer of the project finance department, which assisted high-risk development projects with long-term financing. Portfolio included tourism, industrial, power and agro-industrial enterprises. Credit Officer of the project finance department, which assisted high-risk development projects with long-term financing. Portfolio included tourism, industrial, power and agro-industrial enterprises.
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Assistant to the General Manager
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Jul 1989 - May 1990
Duties included cash management, budgeting, supervisor of the treasury, credit and accounting departments. Duties included cash management, budgeting, supervisor of the treasury, credit and accounting departments.
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Corporación Peters
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United States
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Financial Services
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Assistant, Credit and Financial Dept
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Nov 1986 - Jul 1989
Analysis and formalization of crop-based loans to coffee growers. Analysis and formalization of crop-based loans to coffee growers.
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Education
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1995 - 1997
Universidad de Costa Rica UCR
MBA Banking & Finance, Banking & Finance -
1995 - 1997
Universidad de Costa Rica
MBA - cum laude, Banking & Finance
Community
