Metals and mining
Integrated metals value chain
Comprehensive rehabilitation of a mine-to-metal production chain, with a major industrial operator and a global commodities partner.
Stage
Technical due diligence
Partners
Undisclosed
Active pipeline
What we are working on now.
Descriptions are intentionally general. Project names, counterparties and partners are confidential.
Steel
Steel production program
A cycle-based program that finances and supplies critical inputs to restart liquid steel production at an existing mill, with product offtake and capital released against verified milestones.
Stage
Commercial proposal
Partners
Undisclosed
Petrochemicals
Gas-based derivatives
New downstream capacity converting domestic feedstock into higher-value, export-ready chemical products. Feasibility work is under way with an international engineering firm.
Stage
Feasibility study
Partners
Undisclosed
Industry and logistics
Basic industries and river logistics
Rehabilitation or completion of existing plants and logistics infrastructure that serve Venezuela's basic industries, under operator-partner structures.
Stage
Under evaluation
Partners
Undisclosed
How a project advances
From first conversation to first production.
It starts with origination: opportunities from our own operating network and from partners who know the assets. Then comes diligence: site visits, technical audits and commercial models led by engineers and operators, with formal information requests to each entity.
Once a partnership agreement sets roles, production sharing, pricing and governance with the asset owner and operator, agreements are made contingent on the US and Venezuelan authorizations each project requires.
Capital is then released in tranches or cycles against verified milestones, and the relationship continues through joint governance, transparent reporting and continuous improvement for the life of the agreement.
Principals' track record
What our principals have delivered.
The following describes prior and ongoing work of VIOF's principals through their own companies. These are not investments of the fund.
Venezuela
US$600MM+ in heavy steel projects
Bridges, industrial structures, pressure vessels and offshore structures sold and managed in a heavy steel manufacturing business serving industrial and commercial clients, including the infrastructure of the basic industries. One of VIOF's partners oversaw the fabrication, transport, installation and commissioning of the first offshore platform built in Venezuela.
Steel distribution and river logistics
A leading distributor of steel raw materials with a service center for pre-processed plate and shapes, a heavy transport line and ocean-going tug and barge operations based in Puerto Ordaz.
Industrial supply and procurement
Close to twenty years serving industrial and energy operators through procurement, logistics and trading companies with operations in Caracas, Puerto Ordaz, Panama and the United States.
Guyana
Hotel and retail development
A 172-room Four Points by Sheraton hotel, event hall and retail center in Georgetown, with a construction loan from IDB Invest.
Government office complex
Turnkey design-build of a central office complex designed for 6,000 public employees in Georgetown.
Cricket stadium
Turnkey design-build of a 7,350-seat stadium in Berbice.
United States
Heavy steel fabrication
Senior roles at Owen Steel Company in Columbia, South Carolina, since 2004, including chief financial officer, chief operating officer, director and board advisor. Company projects in that period include the Bank of America Tower in Midtown Manhattan and the 9/11 Memorial and Museum.
Residential development
A real estate investment company led by VIOF partners, with sales of high-end single-family homes in South Florida in excess of US$150 million.
Fund portfolio
Case studies will appear here.
As projects reach close and our partners authorize disclosure, each will be published with its scope, partners, structure and results.