LatAm-focused Southern Cross explores options as largest fund struggles

Southern Cross Group, private equity
  • 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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