Latin America

GP Investments opens Mexico City office(2)

GP Investments has opened its first office outside of Brazil, part of its previously announced regional expansion.

Advent buys Mexican funeral chain in $317m LBO(4)

Grupo Gayosso, Mexico’s largest funeral services company, has been acquired by Advent International in a transaction valued at $317 million, including $40 million in subordinated debt.

TCV sets record with $3bn fund close(2)

Growth stage-focussed Technology Crossover Ventures has closed its seventh fund on $3 billion, causing Oak Investment Partners to lose the record for the largest fund ever raised by a VC firm.

New Mexico tops Texas Teachers with largest alternatives allocation of US pensions(4)

The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.

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New Mexico tops Texas Teachers with largest alternatives allocation of US pensions(3)

The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.

UK government FoF commits $180m to Latin America

CDC has announced a round of Latin American commitments as it reportedly prepares to launch a $150 million venture fund of funds targeting India.

Advent buys Mexican funeral chain in $317m LBO(3)

Grupo Gayosso, Mexico’s largest funeral services company, has been acquired by Advent International in a transaction valued at $317 million, including $40 million in subordinated debt.

New Mexico tops Texas Teachers with largest alternatives allocation of US pensions(2)

The New Mexico Educational Retirement Board has upped its alternatives allocation from 15 percent of total assets to 35 percent at the expense of the equities and fixed income asset classes. The new target surpasses that of the Teacher Retirement System of Texas as the largest alternatives allocation of any US pension plan.

DIC picks up Almatis, UBS underwrites $1bn(2)

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.