Fundraising on Track to Break Historical Record
LAVCA Releases Mid-Year PE/VC Data for Latin America
New York, September 28, 2010 – Capital committed to new private equity and venture capital deals in the first half of 2010 surpassed total PE/VC investments for all of 2009. Fundraising appears to be on track to match or surpass the historical record set in 2008, according to 2010 mid-year data released by the Latin American Venture Capital Association (LAVCA) in the LAVCA 2010/11 Yearbook.
Deal activity rebounded in 1H 2010, with $3.8bn in new investments completed, as compared to $3.27bn invested in all of 2009. Brazil continued to attract the most attention, capturing 66 percent of committed capital.
FOR IMMEDIATE RELEASE
Contact: Maria Bustamante, LAVCA