Latin America

The firm has taken a 20% stake in Singular, which has previously helped it raise more than $750m across eight vehicles.

The strategy has experienced a spike in fundraising, and market players don’t think that will slow down anytime soon.

The New York-based investment bank and newly-formed Stonyrock are just the latest entrants into one of alternative asset’s booming sectors: taking non-control positions in private markets managers.

LPs plan to maintain their allocations to the asset class and rank a strong GP track record as the most important factor in due diligence.

The vehicle, managed by Darby Overseas Investments, will be used to invest in mid-market companies with at least some of their revenue in US dollars.

Prudential Capital Group and Credit Suisse are setting their sights on the region, but volatility and ‘non-linear’ growth are challenges.

Much of the total comes from a $100m allocation from the University of Michigan.

The deal will allow Latitude20 to increase its loan size by $10m.

Latitude 20 Capital Partners’ Eimaad Ahmed says political and infrastructure conditions in Paraguay have allowed it to take greater advantage of the US-China trade war than its Latin American peers.

The development-focused asset manager has clinched a pledge from Kempen Capital for its new fund, which targets up to $300m over the next three years to support ag lending in the developing world.