Saturday, 31 January 2015
Last updated 10 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…