(Reuters) – Brazilian private equity funds are pushing ahead with a plan to win investment commitments from insurers and pension funds that are seeking higher returns on over 1.1 trillion reais (about $550 billion) of money under management.
ABVCAP, as the group representing private equity funds is known, is engaging insurance and pension fund industry regulator Susep in talks to ease caps on investments other than fixed-income securities, said Clovis Meurer, ABVCAP’s president.
