Bain Capital eyes Latin America private equity fund

Reuters 30 May 2013
Bain Capital LLC is contemplating a Latin America-focused investment fund in the next three to five years, one of its managing directors said on Wednesday, making it the latest private equity firm to consider such a move.
Buyout firms such as Carlyle Group LP and Advent International Corp have flocked to the continent, lured by its growing middle class as they invest primarily in consumer-related sectors, though also in healthcare, technology and financial services.
Private equity and venture capital firms committed $7.9 billion to investments in Latin America in 2012 – a five-year high and a 21 percent increase from 2011, according to the Latin American Private Equity and Venture Capital Association.
“I think after we do a couple of more investments, we may look down the road at doing a specific regional fund in the next three to five years,” Bain managing director Stephen Pagliuca told Reuters on the sidelines of the association’s Chile forum.
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