Investment in Latin America Falls 10% in First Half
Private equity and venture capital investments in Latin America dropped by 10 percent in the first half of this year compared with figures in the period a year earlier, the Latin American Private Equity and Venture Capital Association said on Thursday.
Investments totaled $2.6 billion, compared with $2.9 billion during the first half of 2013, the association, which is based in New York, said in a midyear survey, which is largely dependent on self-reporting by investors.
The results varied widely across individual countries.However, the drop in Brazil, Latin America’s largest economy and the regional leader in the first half, was only 5 percent.
Mexico, which came in second, and Peru both experienced increases.
DealBook reported last month that private equity fund-raising in Brazil this year had already surpassed the $2.4 billion raised all of last year, based on the association’s data.
In Mexico, fund-raising dropped to $212 million, compared with $879 million raised in the period a year earlier.
“This is a dynamic period for private equity fund-raising” in the region, the association’s president and executive director, Cate Ambrose, said in a statement. She added, “We expect year-end 2014 totals to likely reach $8 billion.”
Source: NYT
