Stratus to raise first international fund

The Brazilian private equity firm is nearing the close of its fourth private equity fund on R$120m.

Stratus Group, a Brazilian private equity firm, is working to raise $300 million (€204 million) for its first fund that will include international limited partners. 

The mid-market fund is in its initial marketing stages, according to Stratus executive Eduardo Goes. The new fund is expected to close next year. Goes said Stratus also is nearing the close of its fourth private equity fund on R$120 million ($66 million; €45 million) for growth capital investments in Brazil.

Within growth capital, the firm focuses on providing expansion capital to companies with revenues less than R$100 million in the cleantech, biotech and applied technology sectors.

In the middle market, Stratus targets Brazilian companies with annual revenues between $40 million and $120 million undergoing managerial or financial restructurings.

São Paulo-based Stratus also provides mezzanine financing conducted through a joint venture with Franklin Templeton affiliate Darby Overseas Investment. The venture focuses on long term investment projects, primarily in infrastructure.