Mexico grabs top spot for Latam private equity

06/07/2016 The Financial Times

mexican pesosMexico has for the first time overtaken Brazil as the most popular destination for private equity in Latin America.

The development is a sign of how the country’s nascent reformist mindset is leaving some of its more hidebound neighbours in the shade, as well as illustrating Brazil’s fall from grace in the wake of the commodity price bust and an all-encompassing corruption scandal.
In 2011 Brazil-specific funds accounted for 80 per cent of private equity fundraising in Latin America and Mexican ones just 5 per cent, according to data from the Emerging Markets Private Equity Association, a trade body.

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