(Press Release) PC Capital Management, a specialized Mexican growth equity investment firm, announced today the initial closing of its Mexico Development Fund I, L.P. The fund will target US $1 to US$10 MM investments in growth equity and mezzanine opportunities in Mexico with an emphasis on companies operating in the financial services, education, and sustainability industries.

The fund commenced operations in October 2014 and has assembled a roster of first class institutional investors including the Multilateral Investment Fund (“MIF”), part of the Inter-American Development Bank, CAF-development bank of Latin America-, Mexico Ventures I, and Promotora Social Mexico, among other prominent U.S. and Latin American investors.

“We are honored to have gathered such a privileged LP base for our fund and are excited to have partnered up with them to invest in sectors with such a high development potential in Mexico,” commented Javier Arrechea, Managing Director at PC Capital Management.

“The fund will target companies with proven business models and outstanding management teams in situations where we can catapult their development”, added Pablo Coballasi, also Managing Director at PC Capital.