Capital International Closes $2.25bn PE Fund

Capital International Closes $2.25bn PE Fund

Funds

London-based Capital International has closed its CIPEF V fund, an EM-focused vehicle, at $2.25bn. Jim McGuigan, a partner at the firm, says LatAm has represented a growing piece of CIPEF’s EM business. “Our Fund III had 10% in LatAm, and our Fund IV had 38% in LatAm,” he tells LatinFinance. The company has already made six investments from the new fund, including leading a private equity (PE) consortium to acquire McDonald’s’ LatAm business, called Arcos Dorados, for $700m. “We’ve found that ma

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