Private equity firm Siguler Guff & Company has closed approximately $650 million for its third BRIC opportunities fund. The firm has also closed three emerging markets-focused separate accounts.
NEW YORK, April 1, 2014 – Siguler Guff & Company, a multi-strategy private equity investment firm with over $10 billion of assets under management, announced today that it has closed its most recent commingled fund, the Siguler Guff BRIC Opportunities Fund III, LP (“BRIC III”), bringing total capital raised for its emerging markets strategy to approximately $650 million during this fundraising cycle.
While raising BRIC III, Siguler Guff also closed three emerging markets-focused separate accounts. The separate accounts, all managed on behalf of large institutions, are tailored to each client’s specific investment mandate within the emerging markets. All of these vehicles focus on high-growth opportunities and leverage Siguler Guff’s local presence and expertise within the emerging markets. BRIC III, which held its final closing on March 31, 2014, seeks to assemble a diversified portfolio of best in class fund investments and co-investments in the emerging markets, with a primary focus on Brazil, Russia, India and China.
“Siguler Guff has been investing in the emerging markets since the early 1990s and has established itself as a leader in this space, evidenced by a history of “firsts” – in 1995, as the first U.S. private equity firm to invest in Russia; in 2005, as the first private equity firm to raise a multi-manager fund targeting the BRIC economies; and in 2006, as the first BRIC private equity fund-of-funds manager to establish an office in Mainland China. We look forward to continuing to utilize our extensive experience in these regions to create value for our clients,” said Drew Guff, Managing Director and Founding Partner of Siguler Guff.
Ralph Jaeger, Managing Director and portfolio manager of the firm’s emerging markets funds, commented, “Given the recent and current volatility in the emerging markets, which has led to asset re-pricing and softer currencies, we expect this to be a strong vintage period. With a dedicated team of over 30 emerging markets investment professionals who have deep local market insights, Siguler Guff is well-positioned to continue to identify the most compelling value propositions across the emerging markets. We seek to invest opportunistically within the emerging markets by exploiting areas of inefficiency and leveraging the high-growth characteristics of these regions.”
About Siguler Guff:
Siguler Guff & Company is a multi-strategy private equity investment firm which, together with its affiliates, has over $10 billion of assets under management across three lines of business: multi-manager funds, direct investment funds and separate accounts. Siguler Guff serves over 450 institutional clients and over 500 high net worth individuals, and the funds it manages have invested in over 380 private equity funds. The firm is headquartered in New York and has offices in Boston, Chicago, Moscow, Shanghai, São Paulo and a local affiliate office in Mumbai. To learn more about Siguler Guff, please visit www.sigulerguff.com.