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Larrain Vial Raises $250 Million for Equity Fund

28 May 2010

(Bloomberg) May 28, 2010 – Larrain Vial SA, the Chilean brokerage that manages about $14 billion, has raised more than $250 million for a global private equity fund in partnership with Blackstone Group LP, La Tercera reported.

Larrain Vial expects to double that amount by the end of next month, tapping rising private equity interest from Chilean institutional investors, Chief Executive Officer Manuel Bulnes told the Santiago-based newspaper in an interview.

Larrain Vial, which also operates in Peru, Colombia and Mexico, probably will begin as a broker dealer in the U.S. in the coming months, La Tercera reported Bulnes as saying.

By James Attwood