BanVor Readies BRL1.2bn Energy PE Funds

BanVor Readies BRL1.2bn Energy PE Funds

Brazil Funds

Banco Votorantim plans to raise up to BRL1.2bn ($764m) for three domestic market private equity funds investing in renewable electricity generation projects. The three funds will focus on small hydroelectric projects, biomass plants and wind farms, capitalizing on the Brazilian government’s pipeline of power generation auctions. A BRL210m fund with a 5-year term and 4-year investment period is expected to give investors a 7.5% return, a BRL310m 10-year fund with a 9-year investment period i

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