AshmoreAVENIDA was formed in July 2018 when Ashmore Group plc (LSE: ASHM), the specialist emerging markets asset manager with USD 91.9 billion in AUM (9/2019), acquired a majority stake in Avenida Capital, a Latin America-based private equity real estate investment firm. AshmoreAVENIDA has offices in Bogota and New York City that pursues opportunistic fund and direct investments across select property types throughout emerging markets. The firm has committed capital both as a principal and on behalf of its institutional investors to residential, retail and mixed-use projects in Colombia, Brazil, Peru, Mexico, Chile and Panama. The principals of AshmoreAVENIDA have executed over USD $1.75 billion of real estate transactions and manage a series of opportunistic real estate funds and co-investments. With over 140 years of combined investment management and development expertise across all major property types, the team at AshmoreAVENIDA offers deep knowledge and operational experience aimed at creating innovative and sustainable projects that create value for both its local partners and investors and contribute to the vitality of the urban environment.