Axxon Group said Monday that its latest fund closed at $400 million, above its $350 million target. Investors of Axxon Brazil Private Equity Fund III included endowments, foundations, public and private pension funds, financial institutions, advisors, family offices, and funds-of-funds. Stanwich Advisors LLC acted as placement agent and financial advisor. Axxon targets the small and mid-cap market in Brazil, making control and minority investments.
Axxon Group recently announced the final closing of Axxon Brazil Private Equity Fund III. The fund closed with limited partner commitments of $400 million, which exceeded an original target of $350 million. The Fund was oversubscribed relative to its hard cap of $400 million due to significant demand from existing and new investors.
Limited partner commitments were secured from a diversified group of institutional investors from North America, Europe, and Latin America. Among these institutions are leading endowments, foundations, public and private pension funds, financial institutions, advisors, family offices, and funds-of-funds.
Stanwich Advisors, LLC acted as the exclusive financial advisor and placement agent for the offering. The fund represents the sixth private equity fundraising mandate that Stanwich Advisors has successfully advised in the region. In aggregate, Stanwich Advisors has raised nearly $4 billion for private equity managers focused on Latin America since inception.
About Axxon Group
Founded in 2001, the Axxon Group is a leading value-oriented private equity firm that focuses on the small and mid-cap market in Brazil. Within the small and mid-cap market, Axxon targets control and significant minority investments in high-quality businesses that have significant untapped potential for revenue and EBITDA growth. Axxon leverages its team’s deep understanding of the unique challenges and opportunities facing small and mid-cap companies in Brazil to help its portfolio companies reach their full potential and to generate superior returns for the firm’s investors. For more information on Axxon Group, please visit www.axxongroup.com.br.
About Stanwich Advisors
Stanwich Advisors, LLC is a leading independent investment bank that focuses exclusively on providing capital raising and advisory services to private equity firms and investors globally. Stanwich Advisors utilizes its seasoned fund placement and secondary advisory team to provide senior, hands-on execution for a limited number of clients each year. Since 1996, the Stanwich Advisors team has raised in excess of $18 billion for more than 40 private equity funds. For more information on Stanwich Advisors, please visit http://www.stanwichadvisors.com