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Brazil-Based Private Equity Fund Managers – December 2012

by Kamarl Simpson

  • 05 Dec 2012
  • PE

Of the countries in the region of Latin America, Brazil accounts for the largest proportion of private equity activity.  Currently, 50 private equity fund managers are headquartered in Brazil, according to Preqin's Fund Manager Profiles database. Collectively, these firms have raised an aggregate $15.5bn in capital over the last 10 years and have an estimated $7.3bn in available dry powder. Of the Brazil-based private equity fund managers, 73% are based in Sao Paulo, 20% are based in Rio de Janerio; the remaining 7% of managers are based in Belo Horizonte, Florianópolis and Porto Alegre.

The top five Brazil-based private equity fund managers in terms of aggregate capital raised in the last decade are Gavea Investmentos, Patria Investimentos, Vinci Capital Partners, BTG Pactual and Angra Partners.

Gavea Investimentos was founded in 2003 and operates in Rio de Janeiro and Sao Paulo. The firm’s activities are focused on three lines of business: hedge funds, private equity funds and equity funds. In 2011, Gavea Investimentos closed Gávea Investment Fund IV having raised $1.8bn in aggregate capital commitments. The fund invests primarily in Brazil, and utilizes a variety of private equity investment strategies including buyout, growth, distressed, PIPEs, and venture capital. The firm has raised $4.1bn in capital commitments over the last decade and has an estimated $1.2bn in dry powder.

Pátria Investimentos’ alternative asset management business includes the management of corporate private equity funds, real estate funds and hedge funds. The private equity arm focuses on buyout investments across a broad range of industries throughout Brazil. Established in 1994, the firm has raised $2.3bn in aggregate capital commitments over the last decade, with $1.2bn in estimated dry powder currently available. The firm closed Pátria Brazilian Private Equity Fund IV in 2011 having raised an aggregate $1.25bn.

Vinci Capital Partners focuses on growth stage investments in Brazil. The firm is headquartered in Brazil with offices in Sao Paulo, Rio de Janerio and Ribeirão Preto; the firm also has office space in New York. Vinci Capital Partners has raised $2bn in aggregate capital commitments over the last 10 years and has an estimated $1bn available in dry powder. Vinci Capital Partners closed Vinci Capital Partners II in 2011 after having raised an aggregate $1.4bn.

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