This week peHUB is highlighting a position at global investment management firm Partners Group. The firm is advertising on its website for a junior investment manager private equity based in São Paulo, Brazil.
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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 [...]
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.
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.
Patria Investimentos SA, which is partly owned by the Blackstone Group, is expected to smash through the $900 million target of its fourth fund, several sources say.
“The target keeps going up,” one LP said. “They will fill the $900 million easy. Brazil is hot.”
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.
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 [...]