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Prosperitas Launches R$1B Private Equity Fund

6 October 2010

(Reuters) October 6, 2010 – Prosperitas Investimentos has launched a R$1b private equity fund (approx. US$585m) to invest in shopping malls and property projects for the residential, manufacturing and industrial sectors.

According Prosperitas, many of the resources of the new fund will be applied in the North and Northeast regions of Brazil.

The entire amount raised came from foreign investors, including sovereign funds, endowment funds, insurance companies and pension funds.

Created in 2003, Prosperitas focuses on the real estate market and has about R$3b of real estate assets under management.

By Aluisio Alves, Reuters

Article via Brasil Economico