March 1, 2001
Multinational companies continue to pump huge amounts of capital into Latin America's larger markets, especially Brazil and Mexico. Last year the region drew more than $40 billion in foreign direct investment. But these massive capital flows have by-passed Latin America's poorer and riskier countries.
Now CDC Capital Partners, the British government's emerging market investment arm, that has long concentrated on smaller markets, is seeking to focus on Latin America's bigger economies and shifting from a lender to an equity investor.
In its third incarnation since its inception in 1948 as a British public-sector development agency that assisted former UK colonies, CDC is r
CDC Capital Partners, the British government's emerging market investment fund, is trying to redefine its role.
It wants to become a profit-oriented private equity investor while continuing to help develop poor countries.