Mexico’s dragons come to life
Mexico’s private equity market has long been near dormant. Now it is waking up and is set to give the capital markets and economy a boost. But there will be more battles with regulators, investors and entrepreneurs before a private equity boom can develop. Chloe Hayward reports from Mexico City.
FERNANDO FABRE HAS ambitious goals for private equity in Mexico. "We have entrepreneurs that start out with amazing passion – they are going to become the next Bill Gates – and then all the frustrations of running a small business in Mexico burn this passion out. We aim to make sure that doesn’t happen," says the country head of Endeavor. Fabre might be the only one that fears that the next Bill Gates has slipped through Mexico’s fingers but he is one of many involved in a renewed push to grow the private equity and venture capital market.