SoftBank has been on a tear in Latin America.

Led by Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group Corp., the outfit’s roughly four dozen employees — who operate out of Miami, São Paulo and Mexico City — have helped SoftBank identify and fund 48 startups into which it has plugged $3.5 billion and, according to the firm, which feature a combined (on paper, notably) net IRR of 85%.

If you care about where SoftBank is shopping in Latin America right now — or generally want to understand better what sparked the torrid pace of investing there that the industry has seen over the last 18 months — this is a conversation you won’t want to miss