Medina Lines Up $50M For First Fund After $2B Terremark Exit

Miami-based entrepreneur Manuel “Manny” Medina of Medina Capital has lined up an estimated $50 million from family and friends as part of an effort to raise $250 million for his first private equity fund, a source told Buyouts. It has been two years since he sold his information technology company Terremark Worldwide to Verizon Communications Inc. in a deal valued at $2 billion.

ManagersDeals and Exits