HI I’M FRANCISCO ANTONIO CONVIT GURUCEAGA
Director at Derwick Oil and Gas
GET TO KNOW ME
Francisco Antonio Convit Guruceaga, is Grandson of Jacinto Convit, a Venezuelan physicist. He is a shareholder in Derwick Associates, a business that has come under fire for signing contracts in the energy industry without having any prior experience and for using opaque language in its agreements. He is referred to as one of the "bolichicos," young people from the La Lagunita urbanisation who attended Colegio Cumbres, the majority of whom were under 31 years old when Derwick signed his first contract with the then-Javier Alvarado-led Electricidad de Caracas. In 2008, he wed Patricia Ferrando in Venice; Prince Luis Alfonso de Borbón and Mara Margarita Vargas de Santaella were present. The daughter of the couple attended Convit and Ferrando's wedding. His father`s name is Francisco Convit , Owner of Haras and stud El Centauro in Venezuela.
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In May 2015, Convit paid $2,000,000 for a racing colt at an auction held in Saratoga, New York, along with the brothers Carlos Luis and José Antonio Uzcátegui and two additional partners. The wife of Convit is a member of the national equestrian squad. The five partners are the owners of the Florida-based horse racing consortium El Capi Racing. Through this business, they also conducted another operation in which they spent $400,000 on another filly of the same breed.
Derwick Associates
Engineering firm Derwick Associates is based in Venezuela. It offers its clients logistics solutions as well as procurement, engineering, and construction solutions. Derwick provides a range of services, including engineering, logistics, technical advice, and construction, procurement, and inspection. The La Raisa plant phases I and II (engineering, procurement, and building of all facilities of the new power plant), the Guarenas (phases I and II), and the Picure plant are a few of the projects in which the business was active. The business established the Turbine Technology Center in Venezuela as a location for storing the tools and equipment required for maintaining and repairing thermoelectric turbines.
Infrastructure Acknowledgements
The systems and physical assets that make it possible for society to run are known as infrastructure. This is a diverse collection of resources, encompassing everything from power plants and bridges to hospitals and satellite networks. ~ Francisco Antonio Convit Guruceaga
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According to me, Convit Guruceaga, there are various types of infrastructure, each with a unique risk-return profile. - Some investments resemble debt, while others resemble stocks. A new desalination plant outside the OECD might have a risk-return profile more akin to equities than a new brownfield toll road, which is similar to fixed income.
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An asset class's infrastructure is identified by its particular characteristics. These can include a long investment horizon, stable cash flows, inflation protection from indexed contracts, returns via income rather than capital appreciation, and illiquidity. In these uncertain times, infrastructure may also offer a desirable trait: uncorrelated and non-cyclical returns provide diversification outside of the conventional asset classes.