April 1, 2006
Low-income housing backed by private equity in Mexico.Private equity used to be a straightforward game of investing in a firm with the hope of later selling it at a higher price to a multinational or cha-ching bringing it to market in an IPO.
But given the heightened appetite for risk these days, economic growth in Latin America and a general tilt towards greater economic sophistication in the region, private equity investors can now try to pass their holdings off to local companies, wealthy individual investors and even traditionally conservative pension funds.
"You'd love to dream about IPOs," says Dirk Donath, managing director of emerging markets pr
As Latin American economies deepen, private equity investors are finding different ways to cash out of investments in the region.