Brazil's G5, Evercore Seek US$1 Billion In Private Equity Push

Aug 11 2011 | 12:47pm ET

Brazilian alternative investments firm G5 Advisors is looking for more than US$1 billion to launch four new private equity and real-estate funds.

The São Paulo-based firm, which is half-owned by U.S. investment bank Evercore Partners, is eyeing about US$400 million for an oil and gas fund, US$300 million for a utilities fund, US$250 million for a commercial real-estate fund and US$200 million for a luxury brands fund, Bloomberg News reports.

"We see investors' continuing appetite for Brazilian assets," G5 founder Corrado Varoli, a former Goldman Sachs partner, told Bloomberg. "Evercore will invest with us in the funds and will help us raise money."

Evercore bought a 50% stake in G5 last year. The firm manages a 300 million real hedge fund and a 30 million real residential real-estate fund, as well as 4 billion reais on behalf of private clients.

The new commercial real-estate fund will focus on shopping centers in the country, Varoli said.


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