Votorantim, Temasek unveil new fund

Votorantim, Temasek unveil new fund

Corporate & Sovereign Strategy Funds M&A Brazil Singapore Capital Markets Energy Healthcare Technology

Brazilian conglomerate Votorantim and Singapore's sovereign wealth fund Temasek said they have committed $700 million to a new fund called 23S Capital, looking to buy minority stakes in companies in healthcare, education, agribusiness and financial technology. "Together through this new platform we will partner up with entrepreneurs and high-growth companies to support them in the long run to become champions in their sectors," Votorantim CEO João Schmidt said in a joint press release on Tuesday

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