25 South America focused private equity funds are in the market at the moment looking for commitments of $7.3 billion. Five of which are buyout funds seeking to raise $4.9 billion which means that on average the size of a South-America focused buyout fund is almost $1 billion. The two largest buyout funds in the market are Advent Latin American Fund V and GP Capital Partners V. Both funds are targeting $2 billion in capital commitments and will invest across South America with a particular focus on Brazil, Argentina and Mexico.
There are 17 South America focused venture funds in the market looking to raise a total of $1.9 billion in capital commitments. The largest of which is TMG Private Equity Fund II, a venture fund that invests in the consumer products, industrial, consumer services and financial services sectors in Brazil. It is targeting $400 million in capital. Another notable Brazil focused fund is the Green Capital Oil & Gas Fund which is looking to attract $260 million in capital commitments. The fund is an expansion fund that makes investments in the supply chain sector of the Brazilian oil and gas industries.
For more information on private equity fundraising, please see Preqin’s Funds in Market online database.