Linzor Capital closes third LatAm mid-market fund at $621 mln

Linzor Capital Partners, a pan-regional Latin American private equity firm, has closed its third fund at its  $621 million hard cap.

The limited partners of Linzor Capital Partners III LP include pension funds, sovereign wealth funds, endowments, foundations, financial institutions and families.

The Monument Group served as the placement agent.

Fund III, like prior Linzor Capital pools, will focus on acquiring middle market companies in Latin America, primarily in Mexico, Chile, Colombia, Peru and Argentina.

In 2011, Linzor closed its second fund at $465 million, generating an average IRR of -2.50 percent and an average multiple of 1.00x, as of September 30, 2014, according to alternative assets information provider Bison.

Photo courtesy of Shutterstock.