Quilvest will now be operating from 13 locations across the US, Europe, Latin America, the Middle East, and Asia by adding two more offices to its global operations.
The firm, which makes both direct and fund investments, has set up offices in São Paulo, the firm’s first in Brazil, to focus on direct and co-investments as well as private equity and real estate fund investments.
Heading up the São Paulo office is Daniel Arippol who joined Quilvest Private Equity in 2011. Arippol selects funds for Quilvest’s private equity emerging markets programme and co-investments in Latin America.
“Our São Paulo and Geneva offices will further enhance our proximity to our investors as well as key markets,” said Quilvest chief executive Michel Abouchalache in a statement.
The firm’s Zurich operations will also be reinforced with a Geneva office, focusing on wealth management. The office will be led by former private banker Selim Feghali.
In July Quilvest Private Equity became a cornerstone shareholder in a Swiss company, Group Acrotec, which manufactures specialist parts for Swiss watches, in a deal worth CHF 30 million ($31 million; €25 million).
Earlier this year, PEI caught up with Abouchalache to discuss Quilvest’s quiet transformation from a relatively low-profile family office into a fund of funds with a serious interest in direct investing. Premium subscribers can read the article online HERE.
Quilvest started out as a family office managing the money of the Argentinian Bemberg family. It has been investing in private equity since 1972 and has about $4 billion private equity assets as both a direct and fund investor under management.