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As Brazilian pensions finish divesting their private assets, buyers hope a primary investing boom will have positive implications for the secondaries market.
The GP with $9.3bn in private equity assets under management is looking at ways to hold on to 'champions' for longer, according to CEO Alex Saigh.
Rio de Janeiro-based Signal Capital spun out last year and is aiming at Brazil's growing GP-led opportunities.
The secondaries giant opened a São Paulo office in January, its second in Latin America, as it looks to build relationships with local GPs and investors.
The office opening comes as some market participants expect the impact of the coronavirus pandemic on Latin America’s capital markets to create secondaries opportunities.
2020 was set to be a good year for exits in LatAm, and covid-19 is forcing GPs to consider other options, according to Brazil's Spectra Investments.
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The process is one of the few fund restructurings of size to proceed through the coronavirus downturn.
Spectra Investments is seeking around $200m for its fourth fund and will allocate about 40% to secondaries.
The firm will use the Santiago office to grow its regional investor base and access secondaries opportunities.
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Latin America is poised for increased deaflow at decent discounts, according to Spectra Investments' Ricardo Kanitz.

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