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Building the venture capital and private equity
industry in Latin America and the Caribbean.
Tags: Brazil, Pension Funds
By José Setti Diaz, partner at Demarest e Almeida Advogados [i]
According to Towers Watson 2010 research [ii], Brazil ranks among the world’s top pension markets. Currently, pension funds’ assets represent 22% of Brazilian GDP and are by far the country’s largest institutional investors. In 2009, the assets of Brazilian closed pension funds (In Portuguese: Entidades Fechadas de Previdência Complementar, “EFPC“) reached the amount of 506.6 billion reais. Read more
Tags: Colombia, Deals, Limited Partners, LPs, Pension Funds
Citigroup has announced the sale of its Colombian pension fund manager Citi Colfondos to a private equity consortium, according to the Wall Street Journal. The consortium was led by Colombian investment firm Grupo Copatria through its private equity arm, and also includes private equity firms Linzor Capital Partners of Chile and Palmfund Management of New York.
Tags: LAVCA, Limited Partners, LPs, Pension Funds, regulatory watch
One of the key issues affecting the development of private equity and venture capital investment in Latin America is the availability of capital from local pension funds – private capital firms in Brazil, Colombia and Peru have succeeded in raising new funds in 2009 even as institutional investors in the US and Europe have remained on the sidelines.
(c) 2010 Latin American Venture Capital Association (LAVCA).