Canada Pension Plan Investment Board and Goldman Sachs Asset Management LP led an investment round of more than US$950 million for Enfoca, a Peruvian private equity firm, the investors said on Friday.
CPPIB, Canada’s biggest public pension fund, committed US$380 million to the investment. Goldman, along with the three largest Peruvian pension funds, also contributed to the funding.
Park Hill Group LLC served as financial adviser to Enfoca, while Davis Polk & Wardwell LLP and Payet, Rey, Cauvi, Pérez Abogados advised it on legal affairs.
Update: In a release, the parties said the secondary deal gives existing Enfoca limited partners a liquidity option and new limited partners an opportunity to invest in a portfolio of Peruvian mid-market companies.
Michael Woolhouse, a CPPIB managing director and head of secondaries and co-investments, said the pension fund’s commitment increases its “overall investment in Latin America, one of our strategic focus regions.”
(Reporting by Ahmed Farhatha in Bengaluru)
(This story has been edited by Kirk Falconer, editor of PE Hub Canada)
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