(LatinFinance) Brazil’s development bank will invest in up to 12 private equity companies and support Bovespa Mas trading, in a drive to facilitate capital markets access for the country’s smaller firms.

BNDES, Brazil’s development bank, will inject R$2b (US$895m) in up to 12 private equity and venture capital funds over the next two years, as part of a R$3b program to support Brazilian companies accessing equity markets that was announced on Tuesday. Read more at LatinFinance.