CapDyn's Brazil head moves to Hamilton Lane

Hamilton Lane has opened an office in Rio de Janeiro led by Felipe Caldas, who last year had been named Capital Dynamics' Brazil head. Former CapDyn executive Ricardo Silva also joins him.

Hamilton Lane has hired two investment professionals from Capital Dynamics to lead its Brazil efforts.

Ricardo Fernandez Silva and Felipe Caldas will run Hamilton Lane’s Brazil headquarters, the 11th office for the firm, which most recently opened in Hong Kong in 2009.

“As the country’s private equity environment continues to grow – in investment opportunities, liquidity events and the amount of capital ready to deploy – it’s important for Hamilton Lane to have a local presence in Brazil,” Hamilton Lane chief executive officer Mario Giannini said in a statement.

The pair had previously worked for Capital Dynamics, which opened its Rio office in July 2010.

Before working at Capital Dynamics, Fernandez was head of illiquid investments at a multi-family office in Brazil, prior to which he worked at Santader Private Equity and infrastructure developer Odebrecht in Brazil, Peru and Portugal. Caldas, who worked in the investment solutions team at Partners Group prior to joining Capital Dynamics, previously held positions at Atrium Investimentos, UBS, Deutsche Bank and Merrill Lynch.

Hamilton Lane, whose focus is solely on private equity investment, has set a goal of spending $1.5 billion on private equity this year. Last month, the firm was awarded the international private equity advisory mandate by the Teachers’ Retirement System of Texas. The pension decided earlier in the year to consolidate its international and domestic private equity advisors into a single, universal role. Hamilton Lane previously advised the $109 billion pension only on domestic private equity deals.

Hamilton Lane was also hired to provide additional consultancy services by the $9 billion Los Angeles City Employees’ Retirement System in June. The advisory firm was already LACERS’ traditional alternative investment consultant, but further assumed PCA’s “specialised alternative investment consultant services”, including investments with emerging managers, funds focused on under-served markets, demographically-targeted partnerships and geographically-targeted investments.

Hamilton Lane has more than $110 billion of assets under management and supervision, including $17 billion of client capital managed on a discretionary basis, as of 30 June, 2011.