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Evercore Mexico Capital Partners raises $201m for third fund

19 June 2013

(Alt Assets) Evercore Mexico Capital Partners (EMCP) has closed its third fund on $201m, making it the largest vehicle ever raised by the private equity firm.

The fund will make minority investments of $15m to $30m per company in family owned and privately held Mexican companies.

Evercore’s previous fund, Mexico Capital Partners II, was closed on $126m in 2008.
The firm said that 40 per cent of the LPs that participated in the second fund backed the new vehicle.

EMCP managing director Alfredo Castellanos said, “EMCP III aims to capitalize on a highly attractive and stable Mexican macroeconomic environment.

“The growing demand for products and services of a rapidly growing middle class coupled with Mexican companies in the process of modernization should present attractive investment opportunities.

“We are focused on family-owned and privately-held growth-oriented companies that seek partners with local knowledge and global vision, and that share our business values and principles.”

EMCP, which is the Mexican private equity division of investment banking advisory firm Evercore Partners, currently has $400m of committed capital.