Overview
A. General Description of Advisory Firm.
Moneda USA, Inc. (“Moneda USA” or the “Adviser”), a Delaware corporation, is an investment
adviser with its principal office and place of business in New York, NY. The Adviser commenced
operations on September 27, 2007. Moneda USA is wholly owned by Moneda II SpA, which in
turn is entirely held by Patria Investment Limited.
Moneda II SPA is based in Chile and was founded in 2021.
B. Description of Advisory Services (including any specializations)
Moneda USA provides advisory services on a discretionary basis to two (2) private funds: Moneda
Latin American Equities Fund (Delaware), LP (“MLAE”) and Moneda Small Cap Latinoamerica
Fondo de Inversion (“Small Cap”), referred to herein as the “Fund” for “Funds”. Moneda USA also
provides advisory services to managed accounts (the “SMAs” and, collectively with the Funds,
the “Clients”). The services provided by Moneda USA are intended for sophisticated investors
and institutional investors that meet the requirements of qualified purchasers, as defined under
Section 3(c)7
of the Investment Company Act of 1940 (the “1940Act”).
Moneda USA aims to achieve for its Clients risk-adjusted long-term capital appreciation. Its
approach is based on fundamental bottom-up analysis of companies domiciled in or with
significant operations in Latin America.
C. Availability of Tailored Services for Individual Clients.
Under certain circumstances, the Adviser may agree to tailor advisory services to the individual
needs of a client by providing managed account services for investors seeking exposure to the
Latin American market.
The Adviser will work with Clients to determine specific investment limitations if the Client expresses an
interest in imposing restrictions on investing in certain securities or certain types of securities.
D. Wrap Fee Programs.
Not applicable.
E. Client Assets Under Management.
As of December 31, 2023, Moneda USA managed USD $528,166,562 in regulatory assets on a
discretionary basis. Currently, Moneda USA does not manage any Client assets on a non-
discretionary basis.