Thursday, 7 May 2015
Last updated 12 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…