The Southern Cross Group held the final close on the Southern Cross Latin America Private Equity Fund IV, L.P., with capital commitments of $1.68 billion. This exceeded the original target of $1.25 billion. The firm closed its Fund III in 2007 with $751 million in commitments.
The Southern Cross Group recently announced the final closing of Southern Cross Latin America Private Equity Fund IV, L.P. The fund closed with capital commitments of $1.68 billion, which exceeded an original target of $1.25 billion, due to strong support from existing investors and significant demand from new investors.
Limited Partner commitments were secured from a diversified group of institutional investors from Latin America, North America, Europe, Asia, and the Middle East. Among these institutions are leading endowments, foundations, public and private pension funds, financial institutions, sovereign wealth funds, and fund-of-funds. Stanwich Advisors, LLC acted as financial advisor and placement agent for the offering.
About Southern Cross
Founded in 1998, Southern Cross is a leading Latin American private equity firm with offices in Buenos Aires, Santiago, São Paulo, Mexico City and Greenwich. Southern Cross targets control acquisitions of high quality companies that have solid underlying assets and significant potential for improved performance and growth. Southern Cross leverages its team’s significant operating, consulting, turnaround and private equity investing experience with a goal to dramatically improve their portfolio companies’ operating performance and strategic direction. For more information on Southern Cross, please visit www.southerncrossgroup.com
About Stanwich Advisors
Founded in 2003, Stanwich Advisors, LLC is a boutique investment bank focused exclusively on providing advisory and fundraising services to private equity and venture capital partnerships globally. Stanwich Advisors utilizes its seasoned investment banking and private placement team to provide senior hands-on execution for a select number of clients each year. Since 1996, the Stanwich Advisors Principals have raised over $16 billion for more than 40 private equity funds across a wide range of investment strategies. For more information on Stanwich Advisors, please visit www.stanwichadvisors.com.