Nexus Group has reached a final close on its second institutional fund, NG Capital Partners II. NG reached the Fund’s hard cap of $600 million, exceeding its $500 million fundraising target. The Fund will invest primarily in Peru with the flexibility to execute investments in the Andean region.
Nexus Group, a pioneer of private equity in Peru, is pleased to announce that its second institutional fund, NG Capital Partners II, L.P., held its final closing on Friday, April 26th. NG reached the Fund’s hard cap of $600 million, exceeding its $500 million fundraising target. The Fund will invest primarily in Peru with the flexibility to execute investments in the Andean region.
NG has attracted commitments from international pension plans, sovereign wealth funds, corporations, fund of funds, and family offices from across the globe. Of the capital raised, approximately 26% was committed from local and regional investors, 37% from North America, 21% from Europe, and 16% from Asia/Middle East.
MVision Private Equity Advisers acted as the global placement agent of the Fund. Shearman & Sterling served as legal counsel and Ernst & Young served as Peruvian tax consultants to NG.
NG is a Peru-based private equity firm focused on investment opportunities provided by the dynamic Peruvian macroeconomic landscape and the country’s emerging middle class population. NG makes control equity investments, focusing on creating significant value through strategic operational and financial improvements. NG appoints senior investment professionals to management positions in its portfolio companies.
NG is led by Managing Partners Carlos Rodriguez-Pastor, Juan Carlos Vallejo and Alejandro Ponce, who have built a broad portfolio of leading companies in Peru over the last 15 years.
NG closed its first institutional fund, NG Capital Partners I, L.P., in May 2011 with aggregate commitments of $320 million. Fund I is fully invested (including reserves). The current portfolio of Fund I includes participations in: InRetail (which owns Supermercados Peruanos, InkaFarma, and InRetail Real Estate), NG Restaurants (which includes six fast food chains), Promart (home improvement), Oechsle (department store), Financiera Uno (credit card company), Innova Schools (K- 12 schools) and UTP (higher education company).