Brazil’s BTG eyes $1.5bn fundraise


brazil flag 10_sqBrazilian investment bank BTG Pactual is seeking $1.5bn for a new private equity fund.

BTG is also considering disposing of some of its private equity assets, the firm’s private equity manager Marcelo Hallack told Dow Jones.

back in 2011 BTG closed its first private equity fund on $1.5bn, making it the largest Brazilian vehicle focused on the asset class.

In the meantime, Brazilian private equity and venture capital association ABVCAP is currently in talks with the government to cut taxes for venture capital funds.

Earlier this month ABVCAP chairman Clovis Meurer told AltAssets that Brazil’s growth trajectory had levelled off in the past two years and it was struggling to that of its BRIC peers.

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