Lima, Peru-headquartered buyout firm Nexus Group has closed its first institutional fund at its hard cap of $320 million, 28 percent ahead of its target of $250 million.
Latin American, along with China, has attracted significant interest from investors looking to tap into high-growth markets. Other funds in the market targeting Latin America include Galtere Global Agribusiness, which has a $1 billion target, a $950 million vehicle being raised by the International Finance Corporation, and an Hispania Capital Partners fund which is aiming to raise $150 million.
Latest LatAm fundraising beats target
Peruvian firm Nexus Group has beat its target for its first international institutional fund, showing LP appetite for the region can overcome scepticism of new managers.
