I'm fascinated by the opportunity at hand for independent sponsors outside the US:
There’s definitely some deal-by-deal activity in Spain, UK, Italy, and especially Canada, but beyond that there is ample whitespace.
For sponsors in America, it’s all about carving out a niche and/or crafting a differentiated narrative. But in countries like Guatemala (this episode) and Romania (earlier episode), you can dominate the space and achieve market leadership. As a first mover, you need to build a moat through network, brand, and track record.
Listen to the latest episode of the Minds Capital Podcast, with Ramiro Alfaro, on Spotify, YouTube, and Apple.
