Venture Capital

	FEN BIO VENTURES I	FEN VENTURES F1 SPA	FEN VENTURES II
Geographic Focus	Latin America	Latin America	Latin America
Fund Size	US $2.6 m	US $100 m	US $21 m
Fund Duration	7 years	N/A	10 years
Investment Focus	Biotechnology, unique investment vehicle	Technological companies in early stages	Technological companies in early stages
Types of projects	Early stage and follow-up	Seed Capital	Early stage and follow-up
Stage	Invested	Invested	Invested phase
Target return	Over 20% net expected return for investors