BNDES seeks fund pitches for PE investments

BNDES seeks fund pitches for PE investments

Equity

BNDES will inject BRL2bn ($895m) in up to 12 private equity and venture capital funds over the next two years, as part of a BRL3bn program to support Brazilian companies accessing equity markets that was announced on Tuesday. BNDES will choose the funds through four public tenders — a change from a previous strategy whereby the bank established the fund and before bringing in third-party management. The first selection round will take place in the coming weeks, with asset managers pitching for t

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