Press Releases
Latin America Fundraising on Track to Break Historical Record, Exits Surge
14 September 2011
Latin America Fundraising on Track to Break Historical Record, Exits Surge
LAVCA Releases Mid-Year PE/VC Data for Latin America & Results of Global LP Survey
New York, September 14, 2011 – Fundraising for Latin America private equity and venture capital surged through June 2011, with 14 funds raising $4.9 bln, according to 2011 LAVCA Mid-year Data released today by the Latin America Venture Capital Association (LAVCA). The totals marked a 59 percent increase from the same period the previous year, putting 2011 on track to surpass the record-setting total of $8.1 bln from 2010 (2011 LAVCA Industry Data).
Capital committed is heavily weighted towards Brazil with 67 percent of the total raised for funds dedicated to that market. Two billion-dollar plus Brazilian funds closed in 1H2011: BTG Pactual ($1.6bln) and Vinci Partners ($1.4bln). Local investment firms Pátria and Gávea closed on an additional $3.2 bln in the third quarter.
FOR IMMEDIATE RELEASE
Contact: Maria Bustamante, LAVCA
[email protected]
1.646.315.6737
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