Carlyle Garners US$1 Billion For South America Fund, Brazil Pool

Jun 15 2011 | 11:38am ET

The Carlyle Group has closed a South America private equity fund, part of a US$1 billion foray into the continent.

The new fund will focus on Brazil and closed with US$776 million; Carlyle also announced that it has raised a further 360 million Brazilian reals for a dedicated pool alongside Banco de Brasil.

"Broad economic trends, including the rising middle class, make South America in general and Brazil in particular a desirable investment destination," Fernando Borges, head of Carlyle's South American effort, said.

"South America is a vital part of our broader emerging-markets strategy," David Rubenstein, Carlyle's co-founder, added.

That strategy includes Carlyle's purchase this week of a majority stake in emerging-markets hedge fund Emerging Sovereign Group and a planned US$500 million fund targeting sub-Saharan Africa.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of