Click here for printer friendly page
Darby closes R$387.5m mezzanine infrastructure fund for Brazil29/09/2008. Source: AltAssets. 
 Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, and Stratus Group have closed their Brazil Mezzanine Infrastructure Fund on R$387.5m.
Investors are Brazilian bank BNDES and Brazilian pension funds Petros, Funcef, Valia, Funcesp, Ceres and Banesprev, in addition to Franklin Templeton and Stratus.
Eduardo Farhat has been appointed to manage BMIF.
BMIF has not yet made any investments but expects to make three by year-end.
'We are especially pleased with the high calibre of our sponsor investors in BMIF, the first mezzanine fund to be devoted exclusively to Brazilian infrastructure,' said Fernando Gentil, Darby's managing director, Brazil. 'The mezzanine vehicle - a hybrid of debt and equity - is highly suited to infrastructure investments.'
Darby has been investing in Brazil since the 1990s.
In 2006, the firm closed a $610m Korea Emerging Infrastructure Fund.
Copyright © 2008 AltAssets
|
