[ Fund I · El Salvador ]

A $25M pre-seed engine for LATAM's next decade.

CoreNest Capital El Salvador Fund I is the region's first institutional VC + accelerator vehicle. We back ~150 companies with disciplined entry pricing, proprietary sourcing, and hands-on post-investment support.

$25M

Target Raise

Pre-Seed

Strategy

150

Companies

$125K

Avg Check

10%

GP Commit

[ Fund Structure & Terms Summary ]

The deal, fully transparent.

A closed-end vehicle engineered for disciplined deployment, aligned incentives and clean LP economics.

[ Fund Structure ]

Fund Name
CoreNest Capital El Salvador Fund 1
Fund Type
Closed-End Venture Capital Fund
Fund Size
$25 Million USD
Domicile
El Salvador
Stage Focus
Pre-Seed → Seed
Investment Period
≤ 5 Years
Fund Life
8 Years + 1 × 1-year extension
Portfolio Size
160 to 200 companies
Average Check
$125K
Structure
Equity Ownership
Target Ownership
≈ 12.5% (10% Fund + 2.5% Accelerator)

[ Terms Summary ]

Management Fee
2.5% per year (directly to Accelerator for Operations)
Carried Interest
25% (standard American waterfall)
Minimum LP Check
$500,000 USD
Funding Composition
GPs 10% / Local Investors 30% / Foreign Investors 60%
Reserves / Recycling
None — capital fully deployed into initial investments
Distribution Waterfall
100% capital return → 75% LP / 25% GP carry
First Close
Q2 2026
Second Close
Q3 2026

Confidential — not for distribution.

Accelerator + Fund Model

Cohort-based program serves as proprietary deal flow and structured de-risking.

Localize. Scale. Exit globally.

Build locally in LATAM, leverage SV networks for technical and operational know-how, exit to global acquirers.

Corporate Pilot Programs

Partnerships with Davivienda, PubliMovil and others to design and test pilots inside real enterprises.

[ Case Study · hugo ]

A $125K pre-seed check would have returned 48×.

Hugo, founded in El Salvador in 2016, demonstrates the compounding impact of investing early in LATAM's most overlooked markets — an IRR of approximately 95% per year over six years.

2016

Founded

48×

Return on $125K

~95%

IRR over 6 years

El Salvador

Country of origin

Limited LP allocations remaining for the first close.

Request Allocation →