Latin America-focused Linzor Registers US$366m for Fund III

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(Alt Assets) Chile-based Linzor Capital Partners has pulled in US$366m for its third Latin American private equity fund via 33 LPs. The target for the vehicle has not been stated in Linzor’s filing with the US securities regulator, although Monument Group has been named as placement agent. Read more at Alt Assets

ECOSolar Closes the Purchase of a Minority Stake in Project “Maria Elena”

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(Press Release) ECOSolar, a unique solar company active in Latin America with in depth knowledge and experience of the solar sector and the region, and solar investment arm of Grupo ECOS, announced the purchase of a minority stake in the project “Maria Elena.” Read more

English Firm Novator Buys Nextel Chile (en español)

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(Pulso) The multinational London based firm Novator has acquired Nextel Chile from Veintitrés and Optimum Advisors. Read more

Start-Up Chile Launches Follow-On Fund To Boost Local Growth

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(TechCrunch) Five years after the launch of Start-Up Chile, the government-backed accelerator has generated a new fund, Chile SCALE, to fund start-ups and itself while retaining graduating talent within Chile. Read more

Chile’s City Global Aims to Raise a US$10m Fund to Invest in LatAm Businesses

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(Pulso Social) Chilean CEO’s Raul Ciudad and Marco Rivas aim to raise a fund of US$10m by 2015 that will allow Latin American businesses to expand operations within the region and to the US. Read more

Ecus Private Equity Launches US$100m Ecus Renewable Energy Fund in Chile

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(Press Release) Ecus Private Equity, a local, dedicated and independent funds manager with vast experience in the Chilean small and middle market is currently fundraising for its latest vehicle, Ecus Renewable Energy Fund. The Fund, structured as a close-end regulated public fund, has a target of US$ 100 million and expects to reach a first closing in Q1 of 2015, complementing the seed capital of US$ 7 million already provided by AXA Group. Read more

Magma Partners Invests in Deenty “The Google of Chilean Dentists”

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(PulsoSocial) Chilean-American private equity fund Magma Partners, which was launched this year with US$5m, added Deenty, an online dentist search platform, to their portfolio. Read more

Properati Receives New Round of Investments (em português)

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(Startupi) Properati, a platform with 400 thousand properties in Brazil and 130 million in Argentina, received a new investment round of R$5m from investment funds NEVEQ and NXTP. Read more

Aurus’ New Fund AFI Expects to Reach US$80m

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(Latam Funds People) Aurus Administradora de Fondos of investment is one of the smaller fund managers in the chilean inudstry, as it manages 2.4% of the resources in the industry (around US$250m) and currently has only two active strategies. Nevertheless, this is expected to change. The administration is working ot get Ventures III in operation soon and has just signed with Japanese Mitsui & CO to begin participating in investments. Read more

Tivit Acquires Riverwood Capital’s Synapsis (em português)

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(Press Release) The information technology company, Tivit, took its biggest step toward international operations. The company which earned US$1.7b last year, bought all the shares of Synapsis, headquartered in Chile, for up to R£450m. The deal will bring Tivit to a total of six new markets in Latin America including Argentina, Colombia, Peru, Ecuador and Panama. Read more