Gavea to Raise New PE Fund

Gavea to Raise New PE Fund

Funds

Brazilian asset manager Gavea Investimentos plans to begin raising its fourth private equity (PE) fund this year, says Arminio Fraga, co-founder of the firm, and chairman of BM&FBovespa’s board. “Companies are interested in investing again and are seeking capital,” he says. “We plan to go out to our investors [soon] to raise a new fund,” adds Fraga, speaking in New York following a talk on the state of Brazil’s economy. Fraga notes that Gavea is closing in on up to 3 new minority positions i

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