(WSJ) Neuberger Berman, the former asset-management firm of Lehman Brothers Holdings that is now majority-owned by its employees, is hoping to seize private equity opportunities in Latin America. Read more
(Nearshore Americas) The private equity market in Latin America has traditionally lagged behind many other areas of the world – but that trend is clearly beginning to change. As Reuters recently reported, Bain Capital is the latest big equity firm to consider creating a Latin America-focused investment fund, following the example of peers like Carlyle Group and Advent International Corp.
(Investimentos y Noticias) Private equity fund Siguler Guff & Company, which has over $ 12 billion of assets under management around the world, is targeting a $ 300 million Brazilian fund to start investing in 2014. The companies that will receive capital should be from the consumer, healthcare, education, mining and infrastructure sectors. Read more
(Press Release) Lima, Peru – 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. Read more
(Pulso Social) Peru Capital Network (PCN) is a program launched by Instituto Invertir, which was founded in 2010. PCN seeks to support entrepreneurs in their development and in their search for potential investors. It should be noted that this program is the first angel network in Peru, and the first network to form a strategic alliance with Chile Global Angels and another group of prominent specialists in the private equity market. Read more
(Dow Jones) Less than two years after holding a final close on its debut fund, Nexus Group has surpassed the halfway point for its sophomore vehicle, according to a filing with the Securities and Exchange Commission.
NG Capital Partners II LP has raised $372 million from 32 investors, according to the filing. That puts Fund II $52 million ahead of the Lima, Peru, firm’s debut vehicle, which closed on $320 million in May 2011 (more available on Dow Jones).