Mr. Hoyos co-founded FE in 2001 and is its Vice Chairman.He has spent the last ten years originating, structuring, and building out direct equity investments in Latin America, Eastern Europe, Asia, and the U.S., in addition to structuring and marketing the firm's partnership vehicles. He has expertise in bio-fuels, hydro power, wind power, solar power, biomass power, geothermal power, and energy efficiency. This expertise in bio-fuels (ethanol and bio-diesel) currently being commercially produced using first generation technologies extends to the requisite biomass feedstock strategies using plant oils, animal fats, or sugar and starch plants available in South America and Southeast Asia. He currently serves as a member of the Board of Director's of each of the firm's investment management companies, each of its portfolio company holding companies, and its Latin American portfolio companies, including Bioenergetica Aroeira Ltda. (Brazil), a sugar cane based ethanol business for which he was the firm's investment deal team leader in 2011.
Mr. Hoyos has considerable experience in Central and Eastern Europe including as FE's lead on the investment in EETEK Hungary, and its Croatian, Slovak, and Bulgarian affiliates, with its diversification from a company focused on energy efficiency and energy outsourcing solutions to a renewable energy project platform developing wind, biomass, and solar projects.
Mr. Hoyos also served as the firm's Chief Compliance Officer until 2011, and in this capacity developed a number of the core processes and protocols of the firm, including the FE Project Development Framework and Investment Approval Process, required for all projects and investments in the firm's deal pipeline, business plan templates for sponsors seeking equity funding from the FE managed partnership vehicles, outline templates for the FE portfolio companies' financial policies and procedures, and a template to be used by new CFOs at portfolio companies with which to prepare a diagnostic report within weeks of joining the respective portfolio company.
Prior to founding FE and serving as a Managing Director of its predecessor firm, FondElec Group Inc., Mr. Hoyos spent eighteen years in the emerging markets corporate finance and capital markets areas at Chase Manhattan Bank (then Manufacturers Hanover Trust and subsequently Chemical Bank) primarily in Latin America. He has proven managerial experience in building and leading financial advisory teams that have originated and executed pioneering debt and equity financing mandates across the capital markets continuum from trade finance syndications to equity private placements and private equity limited partnerships. In Buenos Aires, as the Deputy General Branch Manager, where he had bottom line responsibility and oversight of a staff of 120 lending, corporate finance, full service treasury, operational, and administrative professionals he originated and structured the first debt to equity swap in the local market and for the bank in Latin America. In Caracas, as Country Manager he originated, negotiated, and structured the first syndicated loan after the Latin American debt crisis, with a US$ 200 million trade finance bridge to a US$ 240 million SEC registered EXIM bundling securitization for PDVSA. Mr. Hoyos originated and advised the Andean Development Corporation (CAF) on the first Eurobond offering of US$ 100 million for Latin America's first investment grade issuer.
Upon his return to New York to Chemical Securities Inc., Mr. Hoyos was responsible for corporate finance advisory services to Utilities in the Emerging Markets Investment Banking Group where he sponsored the creation of the Latin American Energy and Electricity Fund, L.P., with the participation of Chemical Venture Partners as the Fund's first investor and Chemical Securities Inc., as financial advisor. He also designed the top to bottom US$ 150 million financing package for the consortium that acquired 60% of Edelsur in Peru, including Chemical's first placement of equity for an Emerging Markets client raising US$ 70 million from institutional investors for this privatization of a state owned electricity distribution company.
Mr. Hoyos has a B.A. from the University of Virginia and an M.B.A. from Columbia University's Graduate School of Business where he was an International Fellow. Raised in Italy and Austria, Mr. Hoyos is a native speaker of English, Spanish, and Italian, is fluent in Portuguese, and is conversational in German and French. He lives in Greenwich, Connecticut with his wife and three sons.