DLJ South American Partners Closes Fund

DLJ South American Partners has closed its debut fund with $300 million in capital commitments. The firm is a joint venture between Credit Suisse's Alternative Investments group and an investment team co-led by  Carlos Garcia (former head of South American investments for DLJ Merchant Banking Partners) and Marcelo Medeiros (former manager of the Brazil Private Equity Fund).

 

It has already made three investments: The creation of Arcos Dorados BV, to acquire the master franchise of McDonald's restaurants in Latin America and the Caribbean; The acquisition of Fispal, a promoter of food and beverage trade shows in Brazil; and the acquisition of a large stake in Brazilian education company EBEC.