by Jef Cozza
LatAms macroeconomic growth story over the last several
years is now a familiar one. But for European investors seeking
exposure to the growing class C, as the regions middle
class segment is called, options are limited. Private equity is
often the best and sometimes only way of fulfilling such needs
and as a result is generating considerable interest among
Let’s Try That Again
European funds are increasingly eyeing LatAm PE in an effort to gain exposure to the growth in middle class consumption.
But can they avoid the mistakes of the past?
The stock exchanges are quite small, and theres
not lots of listed companies on them, says Sven
Soderblom, a partner with Spanish firm Arcano Groups
asset management division which is also involved in private
equity. Arcano has about $1.4 billion assets under management,
with about 10%-15% in LatAm.
Most exchanges in LatAm still tend to be heavily weighted
toward companies in the natural resources sector, and offer
little in the way of consumer and retail...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.