Sunday, 29 November 2015
Last updated 2 days ago
Feb 26 2008 | 12:10pm ET
CDC Group, the US$4 billion U.K. government-backed emerging markets fund of private equity funds, has made new commitments totaling US$180 million to four private equity funds in Latin America.
CDC has made allocations to Actis Latin American Private Equity Fund III, a Brazil-focused fund on mid-market buyouts; Aureos Latin America Fund, a pan-regional fund; Patria’s Brazilian Private Equity Fund III, which invests in Brazilian middle-market companies; and Advent Latin American Private Equity Fund IV, which invests in Mexico and Brazil.
The investments bring CDC’s overall investment in Latin America to US$976 million.
“Throughout Latin America there remains a shortage of funding for small and mid-size private businesses and a widespread need for private equity,” said Sven Söderblom, CDC’s portfolio director for Latin America. “In particular, Brazil, which is the largest economy in Latin America, currently offers great opportunities for private equity, with robust growth projections, a fast growing middle class and fragmented industry sectors.”
CDC currently has US $2.2 billion invested with over 30 fund managers in over 80 funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…