Claure Recruits Ex-SoftBank Executives for Venture Capital Fund

Billionaire investor Marcelo Claure is bringing some former SoftBank Group Corp. colleagues with him to his new Latin America-focused venture capital fund that launched Wednesday following the end of his noncompete clause.

Besides managing partner Shu Nyatta, who co-founded SoftBank’s Latin America funds with Claure, Bicycle Capital has hired Felipe Fujiwara, Ezequiel Piantoni and Matthew Pieterse as partners to help invest. The three worked at SoftBank previously and are based in Sao Paulo and Miami.

The firm is targeting $500 million for the initial fund with $440 million of that already amassed between funds from Claure’s family office, Mubadala ...