Friday, 27 March 2015
Last updated 1 hour ago
Dec 13 2012 | 10:26am ET
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…