CDC Commits To P.E. Foursome In Latin America

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.


In Depth

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note