The Rohatyn Group, a private investment firm focused on emerging markets, has launched a Latin America-focused private equity fund, according to SEC documents.
The target amount for the fund is unclear, but as of 4 March the firm had raised $94 million, the documents said.
Also this week, Rohatyn expanded its private investing business in Asia by agreeing to acquire Ayala Corporation and Ayala Land’s combined 50 percent stake in Hong Kong asset management company ARCH Capital Management. ARCH is the investment manager of ARCH Capital Asian Partners, a $330 million Asia real estate fund. Ayala Corporation is the Philippines’ oldest business conglomerate.
Emerging markets private equity activity, buoyed by a 30 percent increase in capital invested last year compared to 2009, outpaced that of the rest of the world in 2010, the Emerging Markets Private Equity Association (EMPEA) year-end statistics have shown. Brazil was featured prominently on the radars of those looking to expand their emerging markets exposure, with fundraising for Latin America and the Caribbean hitting a record $5.6 billion in 2010. Meanwhile, Capital invested in Latin America jumped 405 percent to $6.6 billion last year as international firms investing out of global funds began snapping up deals.
Founded in 2003, The Rohatyn Group has approximately $3 billion in assets under management. Led by chief executive officer Nicolas Rohatyn, the firm has offices in New York, Singapore, Hong Kong, London, Buenos Aires, Lima, Montevideo and Johannesburg.