HMC Itajubá Leads CD&R to One of the Largest Private Equity Fundraises in Latin America

1.2 billion dollars committed to new fund

Date: 17 Mar 2021 · 17:44

Pixabay CC0 Public Domain. HMC Itajubá apoya a CD&R en uno de las recaudaciones de fondos de private equity más grandes de la región

Author: Fórmate a Fondo

Investors from the region accounted for 7% of the new fund (CD&R XI) and the capital committed represents one of the largest fundraises for a buyout manager in Latin America to date

The Latin America capital was raised in all major markets and led by Andean Region with 74,1% of the capital, followed by Brazil with 16,6% and Mexico with 9,3% respectively

By type of investors, institutional investors, like Pension Funds and Insurance Companies, represented 70% and Private Investors, including Feeder vehicles, were the remaining 30%

Clayton, Dubilier & Rice (“CD&R”), a global private investment firm advised by HMC Itajubá, a leading financial LatAm advisory and investment firm, closed on 1.2 billion dollars from Latin America investors for the firm’s latest flagship fund. Investors from the region accounted for 7% of the new fund (CD&R XI) and the capital committed represents one of the largest fundraises for a buyout manager in Latin America to date.

The Latin America capital for CD&R fund was raised in all major markets and led by Andean Region with 74.1% of the capital, followed by Brazil with 16.6% and Mexico with 9.3%respectively. By type of investors, institutional investors, like Pension Funds and Insurance Companies, represented 70% and Private Investors, including Feeder vehicles, were the remaining 30%. The closing involves more than 90 investors from the region, demonstrating the increasing potential of the region for private equity fund investments.

“We are very proud of this closing because it shows the growth potential of Latin America into the alternatives ecosystem. HMC Itajubá team is working hard to make great things happen in this type of investment in the region,” said Ricardo Morales, Co-founder at HMC Itajubá.

“We are delighted to see how private investors move an important part of their portfolios to alternative investments and they represented a significant part of the commitments in this fundraise of CD&R,” commented Agnaldo Andrade, Co-founder HMC Itajuba.

“We are grateful to our investors in Latin America for their strong support and were delighted to work with HMC Itajubá team on this important project,” said Thomas Franco, CD&R Partner. “The success of the fundraise is a critical milestone and validates the growing and broad appreciation among asset owners for private equity-related investments in the region.”

Earlier this year, CD&R was recognized by Private Equity International Awards as the Firm of the Year in the Large-Cap North America category for 2020. “The firm has announced at least 10 new investments since March, making 2020 its most active year to date”, the Private Equity International Awards report said on the announcement. Clayton, Dubilier & Rice (“CD&R”), a global private

News