Latin America

Brazil’s fundraising evolution

The private equity industry in Brazil is at a pivotal point…again. While overall prospects look promising, the local fundraising environment needs to improve before homegrown funds can truly break through to the greener side of the fence. By Judy Kuan.

Serving the mid-caps

Middle market private equity investors in emerging markets are revving up their activities. While this group has historically been largely overlooked by service providers, one newly launched law firm is seeking to fill that gap. By Judy Kuan.

Technology Crossover pulls in $1.4bn for Fund VI

Palo Alto-based Technology Crossover Ventures corralled $1.4 billion (€1.19 million) for its latest fund. The fundraise represents a 55 percent jump over its predecessor fund, but still does not match the $1.7 billion raised in 1999.

OPIC expands Americas exposure

The Overseas Private Investment Corporation is turning its attention to Central America and the Caribbean, where the US investment agency will provide up to $45 million to private equity funds targeting these regions.

Darby closes Latin American fund

The Washington, DC-based emerging markets investor has announced the close of a $175m private equity fund targeting Mexico, Brazil and the US Hispanic market.

Advent raises decade’s largest Latin America fund

Boston-headquartered private equity firm Advent International has confirmed its intention to continue its Latin American investment activities, announcing today the final close on a new $375 million fund targeting the region.

TH Lee tech team to spin out

Harvey Golub, Ramana Raghavendran and Renny Smith, partners at TH Lee Putnam Ventures, will spin out to raise a $500 million fund, while the Thomas H. Lee Partners-affiliated tech group winds down.

Citigroup ousts Brazil PE manager

Citigroup has cut ties with Daniel Dantas, a controversial figure managing the bank’s private equity investments in Brazil.

Citigroup VC buys Alcoa unit

Citigroup Venture Capital agreed to buy Alcoa’s Southern Graphic Systems unit in a $410m deal.

Big man on campus

Mohamed El-Erian, the newly appointed head of Harvard Management Company, brings serious credentials as an emerging markets investor to the influential endowment.