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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR