Argentina-based Online LatAm Real Estate Platform Properati Raises US$2m

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(Press Release) Argentina-based Properati, the Latin American online and mobile solution for the real estate market, announced it has received a US$2m investment from Neveq II, NXTP Labs, and Telor International Limited. With this new round the company has raised a total investment of US$4.2m since it was founded in February 2013 and plans to consolidate its regional presence in Mexico and Brazil. Read more

GP Investments Closes Bid in BR Properties (em português)

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(Isto e Dinheiro) GP Investments has successfully completed its takeover bid of Brazilian real estate company BR Properties. The R$1.896b transaction included funding from Abu Dhabi Investment Authority (ADIA). Read more

GP Investimentos Signs Deal to Secure Funding for BR Properties Bid

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(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)

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(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

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(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)

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(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

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(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)

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(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

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(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

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(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.