Argentina: Managers prepare for private equity boom
Focus shifting from Brazil; Agribusiness a particular interest
Two Buenos Aires private equity managers, DLJ South American Partners and Pampa Capital, plan this year to raise funds of up to $600 million and $500 million, respectively, highlighting the growing international interest in private equity in Argentina.
DLJSAP, a firm established in December 2006 by Credit Suisse’s Alternative Investments business and a team of Latin America investment professionals led by Carlos Garcia and Marcelo Medeiros, raised a fund of $700 million between 2007 and 2008, including money from co-investors. It was dedicated to Latin America and $100 million has been invested in companies in Argentina or that have a strong presence in the country. The new fund will again have a Latin American focus and invest in businesses in Argentina.
"Argentina’s private equity industry is relatively small. There are only five players that have assets under management"
Carlos Garcia, DLJSAP