Southern Cross shelves idea to restructure third fund

Southern Cross, private equity, Latin America, Brazil
  • Fund III is a weak performer
  • Discount on fund stakes would have been steep
  • Firm wanted more time to exit
Southern Cross Group has dropped an idea to restructure its third fund after receiving tepid interest from limited partners, three sources told Buyouts. Southern Cross, which invests across Latin America, had explored potential liquidity options for LPs in its third ...
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