Connecticut-based emerging markets investment manager Gramercy has formed a new Latin American private equity team.
The new team, led by Gramercy managing director Gustavo Ferraro and Fuse Capital managing partner David Britts, will invest in Latin American mid-market tech and tech-enabled industries, like business services, financial services and healthcare.
“We have historically had to turn away what we considered to be some terrific private investmnt opportunities because we lacked the optimal structure and team to properly suport those investments,” saidk Robert Koenigsberger, Gramercy managing partner and CIO.
“The addition of David and the formation of this team will allow us to capitalize on our Latin American expertise and give us an edge in identifying the best investments and helping those portfolio companies instill world-class operations, accelerate growth and improve profitability."
Britts joined Silicon Valley-based venture capital firm Fuse Capital (formerly ComVentures) in 2002. The firm is currently winding down its final venture capital funds and Britts will remain a managing partner at Fuse during this process. Prior to Fuse, Britts was a general partner at JPMorgan's private equity arm, JPMorgan Partners, and before that he was a director at DMG Technoolgy group (later Credit Suisse First Boston Technology Group). Earlier in his career he worked with Lehman Brothers in San Francisco.
Gramercy, founded in 1998, is a dedicated emerging markets investment manager with $3.4 billion under management. It offers both alternative and long-only strategies across all asset classes.