GP Investimentos Signs Deal to Secure Funding for BR Properties Bid

Tags: , , , , ,

(Reuters) GP Investments Ltd , Latin America’s largest private equity firm, has reached a deal with a subsidiary of Abu Dhabi’s sovereign fund to secure funding for the purchase of about 70 percent of Brazilian real estate company BR Properties. Read more

Startup Recieves US$7m to Reinvent Real Estate Market (em português)

Tags: , , , , , ,

(Exame) Kaszek led a US$7m Series A round in Brazilian real estate marketplace start-up QuintoAndar.com. Read more

Global Property Portal Lamudi Receives New Investment Boost to Grow Operations Across LatAm

Tags: , , ,

(Press Release) Emerging markets real estate network Lamudi has raised E€29 million (US$31.4m) in investment to grow its operations across Latin America and Asia. Read more

Javer Achieves the First IPO for 2016 in Latin America (en español)

Tags: , , , , , , ,

(Centro Urbano) Mexican homebuilder Javer has made its IPO, raising MXN1,801m (US$100m) in proceeds. Some of the company’s backers include Southern Cross Group, Evercore, and Arzentia. Read more

Jaguar Growth Partners Names Ian Wilkin as CFO and COO

Tags: , , , ,

(PR Newswire) Jaguar Growth Partners, a real estate private equity firm focused exclusively on global growth markets outside of the United States, announced today the appointment of Ian Wilkin as Chief Financial Officer and Chief Operating Officer. Mr. Wilkin will also join Jaguar’s Investment Committee. Read more

Equity International Invests US$25m in Mexico’s Vinte (en español)

Tags: , , , , ,

(El Economista) Equity International has a made a $25m convertible debt investment in Mexican housing developer Vinte. Read more

Actis consolidates Presence in North America with New Office Opening in New York City

Tags: , , , , , ,

(PRNewswire) Actis, a leading pan-emerging market investor, today marked the formal opening of its new permanent office in New York City, which is its third office in the Americas and 13th globally. The new office will allow Actis to further deepen the breadth and strength of its partnerships across the Americas, as the firm looks ahead to its next stage of growth. Read more

Brookfield Said to Raise $300 Million for Brazil Farmland Fund

Tags: , , , ,

(Bloomberg) Brookfield Asset Management Inc., Canada’s largest alternative asset manager, has raised $300 million for a new agricultural fund targeting Brazilian farmland, a person with knowledge of the matter said.

The Toronto-based firm is targeting $500 million in total for the fund, with a maximum of $700 million, the person said, asking not to be identified discussing private information. Brookfield Brazil Agricultural Fund II will be used mainly to acquire cattle ranches that will be converted into sugarcane or soybean farms, said the person.

Brookfield has a long history in Brazil — the world’s largest sugar producer. The company was founded in 1899 in Sao Paulo as Brascan Ltd. before changing its name in 2005. The asset manager is also raising a new commercial real-estate fund of about $1 billion focused on Brazil, people familiar with the matter said earlier this month.

Since 2006, Brazilian farmers have expanded the soybean planted area by 11 million hectares (27 million acres), mostly driven by demand from China. Most of the advance was over areas previously used for extensive, low-productive cattle breeding. While demanding massive investments in fertilization, the conversion of pastures into farmland tends to increase the value of land as soy and sugar cultivation is more profitable.
A Brookfield spokesman declined to comment.

Equity International-led Consortium Announces New Investment in Grupo Acosta Verde

Tags: , , ,

(Press Release) Equity International (EI), the privately held investor and builder of leading real estate companies outside of the United States, announced the closing of a new investment in Grupo Acosta Verde, a family-owned developer, owner and manager of shopping centers in Mexico. Read more

VivaReal Captures a Series C Greater than R$100m, Bringing New Investors to Brazil

Tags: , , , , , ,

(Startupi) VivaReal has received a third round of funding, this time from venture capital firm Spark Capital (which has invested in start-ups like Twitter, Tumblr and Oculus VR) and from private equity firm LeadEdge Capital, both based in New York with operations in Brazil. The total invested was $US41.7m, equivalent to $R100m according Crunchbase. Read more