LatAm-focused Southern Cross explores options as largest fund struggles

Southern Cross Group, private equity
The head coach of Mexico's national soccer team, Juan Carlos Osorio, on Aug. 28, 2017, instructs his players during a training session for the World Cup 2018 Qualifiers in Cuernavaca. Photo courtesy Reuters/Henry Romero
  • Southern Cross Fund IV performing under par
  • Fund will be challenging to restructure, sources say
  • Firm also looking for liquidity for 2007 third fund
Southern Cross Group raised its largest fund for Latin America investments a few years before economic and political turmoil rocked Brazil, the region’s largest economy. The firm in 2010 closed its fourth fund on $1.68 billion, well above target, raising capital ...

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