Leaders At The Bell with Pedro Urdaneta, CEO at Venecapital Oct 21, 2026

The interview takes place at the New York Stock Exchange with Pedro Urdaneta, president of Venezuela's Private Equity Association (BeneCAPITA), who is leading a delegation of Venezuelan asset managers on a tour to reinsert the country into international markets. Urdaneta discusses the association's mission, founded in 2020, to develop private capital funds for Venezuela's sustainable development, emphasizing that such funds bring quality employment and opportunities across sectors like tourism, construction and education.

Urdaneta highlights the role of the Venezuelan diaspora, comparing it to 20th-century immigration that modernized Venezuela, noting that Venezuelans now abroad have acquired valuable skills and can help rebuild the country. He addresses positive developments including ongoing tax reform to make Venezuela competitive for foreign investment, judicial reform, and sector-specific regulations in oil, gas, mining and electricity that have emerged over the past nine months.

Regarding investment opportunities, he identifies undervalued assets selling at fractions of regional comparable prices, real estate revival in areas like Margarita Island and Caracas, and private credit opportunities for oil service companies facing a capital gap between banking supply and working capital demand. The association plans future delegations to Colombia, Miami, and Paris in 2027 to promote Venezuelan investment opportunities to international capital.