Stepstone Hires ex-Paul Capital Execs to Run first Latin American Office

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(Alt Assets) Global alternative asset investment major Stepstone Group has launched its first Latin American office to work on primary, secondary, co-investments and research in the region. Read more

Brazil’s Gávea Investimentos Nears Final Closing for Fund V

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(Private Equity International) Gávea Investimentos, a Brazilian private equity firm, is nearing a final close for its fifth fund, which is targeting between US$1b and US$1.5b, according to Private Equity International. Limited partners will include the Kentucky Teachers’ Retirement System. Gávea currently is investing out of a US$1.9b fund raised in 2011, and is 55%-owned by Highbridge Capital Management, an alternatives unit of J.P. Morgan Chase Read more at Private Equity International

Marcelo Di Lorenzo and Rodrigo Galvão Form Atlântico Sul Capital Partners

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(Press Release) We are very pleased to announce the formation of Atlântico Sul Capital Partners, a new Brazilian private equity manager, established by 3i Brazil former partners Marcelo Di Lorenzo and Rodrigo Galvão.

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BNDES Looks to PE Funds, Direct Investment Amid Growth-Company Rush

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(LatinFinance) Brazil’s development bank will invest in up to 12 private equity companies and support Bovespa Mas trading, in a drive to facilitate capital markets access for the country’s smaller firms. Read more

Pension Funds Seek to Expand Share in Private Equity (em português)

(Valor Economico) Pension funds see private equity as an alternative investment to diversify their portfolios and show willingness to raise this type of allocation, according to fund representatives at ABVCAP’s 2014 conference. Read more

Ideiasnet Announces the Sale of iMusica to Claro

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(Press Release) Ideiasnet announced the sale of its stake in iMusica, a Brazil-based digital content distributor, to Claro S.A. Read more

Uruguay’s Tokai Ventures Celebrates First Exit: Micropagos

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(Pulso Social)There’s some especially good news coming out of the Uruguayan entrepreneurial ecosystem today. Micropagos, a provider of B2B mobile financial services, has reached the milestone of having nearly 20% of Uruguay’s population on its platform. Moreover, it has been acquired by IN Switch, a provider of mobile added value solutions with a presence in over 15 countries all over the globe. Read more

Darby Private Equity Nears Final Closing for Brazilian Infra Vehicle

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(Alt Assets) Emerging markets-focused Darby Private Equity is nearing a final close for a Brazilian-focused infrastructure fund. Read more at Alt Assets.

Brazil’s BTG Eyes US$1.5b Fundraise

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(Alt Assets) Brazilian investment bank BTG Pactual is seeking US$1.5b for a new private equity fund. Read more at Alt Assets.

HarbourVest Closes Direct Co-Investment Fund Above Target at US$1b

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(Press Release) HarbourVest Partners announced the final close of HarbourVest Partners 2013 Direct Fund, a global direct co-investment fund, at US$1b. The fund closed above its US$750m target and was oversubscribed. Read more