Elevar Equity Fund III Raises US$74m

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(PEHub) Elevar Equity said Wednesday that its third venture capital fund closed at US$74 million. Elevar Equity III L. P. will focus on commercial investments in early stage companies providing financial services, education, housing and healthcare to low-income communities primarily in India and Latin America. Investors of Fund III include the Rockefeller Brothers Fund, Oblate International Pastoral Investment Trust, JPMorgan Chase & Co., Omidyar Network, Prudential Financial Inc., the Rockefeller Foundation, Blue Haven Initiative, Treehouse Investments as well as family offices, private foundations and a university endowment. Read more

Península Participações Seeks to Increase Participation in Companies (em português)

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(Exame) Abiolio Diniz’s private equity firm, Península Participações, aims to increase its miniority participation in companies operating in education, consumer, retail and quality of life business sectors. The average size of each investment will be between R$50m and R$10m in each business. Read more

Victoria Capital & IFC’s Ideal Inveset Cashes in on Brazilian Students’ Loans

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(Financial Times) A deep recession might not be the most advantageous economic backdrop for a company offering student loans. But for Ideal Invest, a Brazilian student loans company that claims to be the biggest in the country’s private sector, the doldrums afflicting Latin America’s largest economy have been a boon. Read more

Kroton Sells Uniasselvi to Carlyle & Vinci for R$1.1b (em português)

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(Economia – Estadão) The Carlyle Group and Vinci Partners have reportedly bought remote education company Uniasselvi from Kroton for R$1.1bn. Read more

Village Capital Launches Education Fund in Colombia (en español)

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(Pulso Social) The accelerator and investment fund global Village Capital made its debut in the Colombian market for the first time with the launch of its education initiative program in Latin America: Education Forum. At the forum, Village Capital education fund issued prizes to education startups and investment firm Gray Matter Capital invested in Lorapp. Read more

Private Equity Firm Advent Looks for more Brazil Education Deals

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(Reuters) Private equity firm Advent will continue working on the consolidation of Brazil’s education industry, a senior executive said on Thursday, adding that there are enough quality assets available to drive deals despite the economic cycle. Read more

Carlyle and Vinci Bid on Uniasselvi (em português)

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(Exame)The Carlyle Group and Vinci Partners have joined forces to make a joint bid for Kroton’s Uniasselvi. Read more

Bozano Captures R$800m for Education Focused Portfolio (em português)

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(Baguete) Fund manager Bozano Investments concluded the closing of R$800m for a new fund through to repeat its success in searching for active players in the education sector. Read more

Lottus Capital Partners Invests in Universidad Tres Culturas

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(AMEXCAP) Lottus Capital Partners, through its subsidiary Lottus Education, announced today its investment in Universidad Tres Culturas. With this partnership, Lottus aims to accelerate UTC’s mission to become one of the leading universities in Mexico with a strong brand recognition for academic excellence and affordable education. Read more

Mitsui, Omidyar Network Lead US$7m Funding in Brazil’s Geekie

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(PEHub) Mitsui & Co. and Omidyar Network led a US$7m Series B funding in Geekie, a Brazilian education technology company. Existing investors Gera Venture and Virtuose also participated in the funding. Read more