(Linzor Capital) July 8, 2011 – Linzor Capital Partners (“Linzor” or “LCP”), a pan regional Latin American private equity firm focusing on the middle market, announced the final closing of its second fund, Linzor Capital Partners II, L.P. (“LCP II” or the “Fund”). LCP II closed on $465 million of equity capital commitments, exceeding its initial target of $350 million.
Linzor received strong support from its existing investors, with 100% of limited partners in Linzor Capital Partners, L.P. (“LCP I”) reinvesting in LCP II. In addition, the Fund attracted a new and diverse group of Latin American and international pension plans, endowments, foundations, financial institutions and family offices.
Linzor was founded in 2006 by Tim Purcell, Alfredo Irigoin and Carlos Ingham, having previously worked together for almost twenty years as senior executives of JPMorgan. In 2010, Linzor added two new partners and former colleagues, Carlos Gomez and Cipriano Santisteban. The firm operates out of four offices in Santiago, Mexico City, Buenos Aires and Bogotá.
LCP I, Linzor’s first private equity fund, was raised in 2006 with $181 million of committed capital, and currently includes investments in the retail, healthcare, education and financial sectors. LCP II intends to acquire middle market companies in Latin America, principally in Chile, Mexico, Colombia, Peru and Argentina.
Monument Group served as placement agent for LCP II outside of Latin America, while BICE Inversiones served as placement agent for the Fund in Chile. Latham & Watkins LLP served as fund formation counsel.