By Joe Leahy
March 21, 2012 – Funds raised for private equity and venture capital investment in Latin America last year hit a record as investors sought to tap into fast economic growth in the region.
The amount raised for Latin America reached $10.3bn, up 27 per cent on 2010 which was also a record, with Brazil-dedicated funds accounting for the bulk of the total at $8.1bn, according to figures from the Latin American Private Equity & Venture Capital Association.
“You have by far the deepest pool of fund managers in Brazil and the longest track record of raising and investing multiple funds and returning money to investors,” said Cate Ambrose, president of Lavca.
(Please note: This is an excerpt of the original article. Click here to read the article in the Financial Times.)