By Ben Miller
Investor Report Mexico: Hope springs
Managers are confident renewed international fervor for Mexico will carry over into private equity. More robust domestic investment should be a bigger driver in the short term
With a change of government and shifts in the global economy
starting to favor its longer-term economic potential, Mexico
has begun to look increasingly appealing to many international
Public equity markets have risen along with fervor for
Mexico, with the IPC index hitting a record in July. Mexico's
debt issuers could also find it easier to take advantage of
growing demand. Although the country lacks the number of
issuers of Brazil, those that can bring transactions to market
look set to see no shortage of interest.
But it may take longer for the foreign enthusiasm to show
itself in the private equity sector, where again the funds
raised and investments made pale in comparison to Brazil.
General partners are starting to see more interest in
Mexico. "We have seen an increase in calls from foreign limited
partners who want to know the Mexican...
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