(LatinFinance) August 6, 2010 – US-based Darby Overseas is working on establishing new country-specific mezzanine funds for LatAm, CEO Richard Frank says.
“A Colombian fund is expected to close soon that will provide both PE and mezzanine financing in the infrastructure space,” says Frank. “We are also looking at Brazil and Mexico to set up more country-specific funds,” he adds. On average, Darby raises between $250m-$300m for its mezzanine and PE funds.
Darby is looking to raise the Mexico-specific fund through a CKD. It has 3 mezzanine funds for LatAm and 6 global funds. “Out of the $1.3bn we have for EM mezzanine finance, about half is focused on LatAm,” he says.
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