November 1, 2009
by Taina RosaSensing green shoots, many LatAm private equity (PE) managers expect fundraising to resume as risk aversion diminishes. Fund managers also expect limited partners (LPs) to start committing to new funds in the region by the end of the year, especially as economic forecasts brighten, though there is concern about lack of diversification in new entities. It seems that there is more clarity as to where the economy is going, says Advent International managing director Diego Serebrisky. This could translate into more investment activity, but it will take time. Private equity shops require several months to make an acquisition, adds Mexico-based Sere
As the economic outlook for Latin America brightens, so do prospects for private equity fundraising and fund creation. Is an uptick really happening, or is it all just wishful thinking?