March 1, 2006
Like private equity, Brazil's venture capital industry is undergoing a renaissance. Thanks to backing from Brazil's largest and most influential pension funds, the venture capital business which barely existed 10 years ago is suddenly flourishing. And the firms aren't just raising funds; they are also proving that strategic investors are indeed interested in acquiring small- and medium-sized companies.The local venture capital industry has undoubtedly benefited from Brazil's hard won economic stability. Specialists say the business has blossomed as a direct result of measures to improve the regulatory environment and to facilitate successful sales down the road.Alvaro Gonç
Local investors are stepping up in Brazil to fill funding gaps left after a number of foreign funds fled to faster growing Asian markets.