Management

Terra Nova's management team has deep knowledge of business in Mexico, including expertise in a range of important industries.  As described below, the team also includes advanced skills in financial management, strategic analysis, and other capabilities that can bring value to portfolio companies.

J. Fife Symington, IV - Managing Director
Mr. Symington has been involved with private equity investments in Mexico since 1994.  He currently serves as a director of several Mexican companies in a variety of industries, including agriculture, real estate development, and municipal infrastructure.  He is the managing director of International Greenhouse Produce, (IGP), the largest contiguous greenhouse operation in North America, with approximately 300 covered hectares under cultivation in Sinaloa, Mexico.  Mr. Symington is also president of a Mexican banking institution.  Mr. Symington speaks fluent Spanish, has lived in Mexico for several years, and has traveled extensively throughout Latin America.  He earned an Honors BA from Harvard University in 1992.

Joseph J. Ueberroth - Director
Mr. Ueberroth is the managing partner of Bellwether Financial Group, an investment and management company.  Over the last two decades, he has overseen the firm's investment strategy in both its private equity and venture capital investing.  He is currently the chairman of Bellingham Marine Industries, the largest and most comprehensive marina builder in the world; and the chairman of Bellport Group, a leader in shipyard and marina operations. Mr. Ueberroth is also the largest outside investor in IGP, as well as Apache Produce, a large-scale distribution company that sells Mexican produce throughout the United States and Canada.  In the venture capital field, he is a general partner in two opportunity funds as well as a general partner in a fund that has a Mexico specific strategy.  In his career, Mr. Ueberroth has founded start-ups, operated midsize companies and has been the chairman and CEO of a publically traded company. In addition to Apache Produce, he currently serves on the board of directors of Ambassadors Group, Bellingham Marine, Bellport, Enwisen, Melones, and is a managing member of CGI Opportunity Fund I & II and Terra Nova Ventures. He received his BA degree from Dartmouth College in 1991.

Alejandro N. Canelos - Vice President, Agribusiness
Mr. Canelos is one of the original founders of IGP.  Since 1994, Mr. Canelos has helped build IGP into one of the largest and most profitable greenhouse vegetable producers in North America.  As chief operating officer throughout this period, Mr. Canelos has been responsible for management and direction of many aspects of the business, including production, sales and inventory control.  In this role, he has learned first-hand how to successfully negotiate Mexico's business and political climates, and in a traditionally difficult industry.  Mr. Canelos is also the CEO of Apache Produce.  Mr. Canelos was born in Sonora, Mexico and raised in Tucson, Arizona.  He is a citizen of both Mexico and the United States.  He graduated with honors from Harvard University in 1992.

Patrick J. Fearon - Vice President, Fund Management
Mr. Fearon has approximately 20 years of experience analyzing international investments, with areas of expertise in Latin America, Eastern Europe and Asia.  He has written extensively on economic development and prospects in these regions, and he has published his own newsletter focused on equity opportunities in Latin America and Eastern Europe.  Prior to joining Terra Nova, Mr. Fearon served as an international economist at A.G. Edwards & Sons, Inc. in St. Louis; NATO Headquarters in Brussels, Belgium; and the Central Intelligence Agency in Washington, DC.  Mr. Fearon earned a MBA from Arizona State University in 1997, a Master of Public Policy from Harvard University in 1987 and a BA in Government and International Relations from the University of Notre Dame in 1984.

Wendel Thuss - Project Manager
Mr. Thuss has been involved in Mexican private equity since 2003, including key positions at Pro Baja Hydroponics, a greenhouse operation in northern Baja California, and Aquasol, a developer of municipal infrastructure.   Prior to that, he was involved with logistics and on-line trading at Flortek, a large producer of greenhouse roses and other flowers in Ecuador.  Mr. Thuss has been involved in agribusiness most of his life, and he is currently the president and general manager of the El Capote Ranch Co., an integrated agricultural and resource management company located in Seguin, Texas.  In addition to his agricultural and infrastructure development experience, he has worked in the Mexican financial industry with Condesa Finaciera, and he now serves as the vice president for business development at a Mexican banking institution focused on agriculture.  Mr. Thuss speaks Spanish fluently. He earned a BA from Tulane University in 2000 and a JD from the University of Texas in 2008.

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