Latin America

IK nears third exit with Etanco sale to 3i

IK Investment Partners is poised to sell French building materials company Etanco to 3i Group, set to be the buyout firm's third exit following this week's sale of Idex and last month's disposal of Magotteaux.

Chinese start-ups attract investors

Google’s former China head has raised $180m from a heavy-hitting group of LPs to invest in Chinese internet-focused companies.

WAMEX to close on $150m by end of year

The Mexican private equity firm has already completed two investments with the fund, which held a first close in 2009 through its public investment vehicle, known as a certificado de capital de desarollo.

Carlyle, Riverstone portfolio company files $400m IPO

The firms, which going forward will no longer raise joint energy funds, invested $450m in Dynamic Offshore Resources in 2008.

Emerging market fundraising accelerates

Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.

Q&A: Brazil’s peculiar investor demands

Brazilian managers have been employing unique fund terms to appease the crowd of investors eager to take stakes in the country, according to Debevoise & Plimpton partners Erica Berthou (pictured) and Peter Furci.

TPG picks up $80m for growth fund

The global private equity firm’s second growth fund will split its investments between the US and Asia, focusing primarily on China and Southeast Asia.

Alta Ventures raises $60m for Mexico

The Mexican venture capital firm is targeting seed capital, venture and growth capital investments to capitalise on the country’s rapidly developing alternative asset ecosystem.

Pátria raises almost $1.2bn for Brazil infra fund

Pátria Investimentos, the Brazilian fund manager 40% owned by The Blackstone Group, has closed its second infrastructure fund just short of $1.2bn, beating a $1.0bn target.

Lightyear Capital raises $613.5m for third fund

The New York-based firm apparently raised its target for the fund in February, shortly after receiving a $40m commitment from the New Mexico State Investment Council.