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More PE and VC Money Flows to Brazil

Based on conversations I’ve eavesdropped on at venture and private equity events in the past few months, it certainly seems like more industry insiders are eyeing investments in Latin America, particularly Brazil. Now there’s more hard data to back up that supposition. Fundraising for Latin American private equity and venture capital investment rose to $4.9 […]

Patria’s Other Fund Raises $1.155 Bln

Today, we have more news on Patria’s fundraising.

This pool isn’t the widely reported Patria PE fund (which closed earlier this month with $1.25 billion). Instead, this is the second infrastructure fund to come from Pátria Investimentos and Promon SA. The pool, P2 Brazil Private Infrastructure Fund II closed on Aug. 15 with $1.155 billion. This is up from the $1 billion target.

New York-based Forum Capital Partners was the placement agent. Investors of fund II include corporate and public pension funds, endowments, family offices, funds of funds, and sovereign wealth funds from the U.S., Canada, Europe, Asia and the Middle East, according to a statement.

Scoop: Patria’s Fourth Fund Comes in at $1 Bln-$1.25 Bln

Patria Investimentos SA, which is partly owned by the Blackstone Group, has been out fundraising for its fourth fund which is red hot, sources say.

The pool, Patria Private Equity Fund IV LP, recently hit a first close, three persons say. Two sources say the size of the pool ranges from $1 billion to $1.25 billion. In April, peHUB reported that the fund was pegged at $900 million but could easily smash that target.

Blackstone pays $200M for stake in Brazilian rival

Blackstone Group will pay $200 million for a 40 percent stake in Brazilian private equity firm, Patria Investimentos. Blackstone will pay for the deal through a mixture of cash and stock and the acquisition is being made by Blackstone itself, not one of its private equity funds. Brazil’s economy is expected to expand this year, while the Brazilian economy already makes up 45 percent of Latin America’s GDP.

Brazil’s Tivit May Raise $430 Million in IPO

SAO PAULO (Reuters) – Brazilian technology services provider Tivit and stockholders filed on Wednesday to sell up to 785 million reais ($430 million) in an initial public offering, the company’s third attempt to go public. Tivit, which provides technology consulting to industries including telecommunications and finance, had to scrap one IPO effort in 2007 and […]

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