Latin America

Emerging market funds grant concessions

Terms and conditions of emerging market funds are being influenced by two counterbalancing forces: appetite for the region and risk, says Geoffrey Kittredge of Debevoise & Plimpton.

Emerging Markets Forum: Investors fear 'political risk'

Emerging markets' political stability remains investors' biggest concern, according to delegates polled at PEI's annual emerging markets conference in New York.

Emerging markets PE leads global activity

Asia-focused investors are beginning to seek opportunities beyond India and China while Brazil leads the charge in Latin America, year-end statistics from EMPEA have shown.

New Mexico considers withdrawal from TPG-Axon

The hedge fund, which launched in 2005, has underperformed since the financial downturn and has experienced significant turnover, leading the pension to recommend redeeming its capital.

GIC, CIC in $1.8bn Brazil bank deal

The two Asian sovereign wealth funds have teamed with US private equity firm JC Flowers, Ontario Teachers' Pension Plan and others to acquire roughly a 19% interest in Brazil’s BTG Pactual.

Advent to acquire 50% of Brazilian port terminal

Advent’s first infrastructure investment in Brazil is also its largest investment in the country, according to a senior executive.

GA makes $200m debut Russian investment

Growth capital investor General Atlantic has invested $200m for a minority stake in internet security firm Kaspersky Labs.

Brookfield to go shopping in Latin America

The firm is looking at investment opportunities in ports, toll roads and pipeline assets, with a specific focus on Brazil, Chile, Colombia and Peru, Brookfield Infrastructure Partners CEO Sam Pollock said during the firm's second quarter earnings call.

Macquarie Mexican infra fund inks debut deal

The Macquarie Mexican Infrastructure Fund will acquire a company with a 20-year contract to reconstruct and maintain highways in the Mexican state of Durango. The firm has also placed Macquarie executives Martin Stanley and Chris Leslie on its board.

First Reserve to sell oil terminal for $1.36bn

First Reserve plans to sell its majority stake in the Bahamas Oil Refining Company terminal to Buckeye Partners in a $1.36bn cash-and-equity deal expected to close in the first quarter.