Siguler Guff raises $650m for latest emerging markets fund


new york 5_sqPrivate equity firm Siguler Guff has closed its latest emerging markets fund on $650m.

Siguler Guff BRIC Opportunities Fund III held its final close on March 31 and will invest in emerging markets with a focus on Brazil, Russia, India and China.

The New York-headquartered firm currently has $10bn of assets under management.

Siguler Guff managing director Ralph Jaeger said, “Given the recent and current volatility in the emerging markets, which has led to asset re-pricing and softer currencies, we expect this to be a strong vintage period.

“With a dedicated team of over 30 emerging markets investment professionals who have deep local market insights, Siguler Guff is well-positioned to continue to identify the most compelling value propositions across the emerging markets.

“We seek to invest opportunistically within the emerging markets by exploiting areas of inefficiency and leveraging the high-growth characteristics of these regions.”

In February this year Siguler Guff private equity veteran Patricia Dinneen left the firm to become a senior advisor at the Emerging Markets Private Equity Association.

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