Friday, 25 July 2014
Last updated 48 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…