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Fund of Funds Managers with a South America Fund Preference.

by Patrick Adefuye

  • 16 Jun 2011
  • PE

Preqin’s Investor Intelligence database profiles 47 investors that indicate a preference for in committing to funds with a focus on South America. Just over half of these (53%) are headquartered in the US.

One such fund of funds manager is HarbourVest Partners. The US-headquartered firm is raising capital for HarbourVest International Private Equity Partners VI Emerging Markets, a broad emerging markets focused fund targeting $300 million in capital from investors. The fund is expected to allocate between 50% and 60% of raised capital to South America. Another US-headquartered manager with a preference for South America is 57 Stars. The fund of funds is raising capital for 57 Stars Latin America Fund, which is targeting $100 million and includes South-America as a primary region of focus.

South America-based funds of funds offering access to the region’s private equity markets include Mexico-headquartered Corporación Mexicana de Inversiones de Capital. The manager is raising capital for Fondo de Fondos Mexico II which is targeting $500 million in capital, 70% of which is planned to be allocated to Mexico focused vehicles, with the remainder allocated to the rest of South America.  Another such manager is Brazil-based Ocroma Alternative Investments. The firm is raising capital for Ocroma Private Equity Portfolio, a fund heavily weighted towards Brazil, with 75% of raised capital allocated to the country and the remainder to be invested in the wider continental region.

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