May 21

London-Based Lightrock Looks to Fuel Latin American Growth With New $300 Million Fund

BY Charlie Conchie

London private equity firm Lightrock unveiled a fresh $300m Latin America fund today as it looks to spur growth in ‘purpose-driven’ entrepreneurs across the region.

Lightrock, which has over $3bn in assets under advice, said it plans to now “significantly increase” its investment in Latin America over the coming years.

The firm’s head of Latin America Marcos Wilson Pereira said the fresh funds would be pumped into firms tackling issues like education, health and sustainability, and would build on the firm’s existing investments in the region.

“Lightrock’s investment in the Latin American market has developed very strongly; we have already deployed more than $400 million across 11 companies, and over the next two years we expect Lightrock’s total exposure in the region to exceed $1 billion,” he said.

Photo courtesy of geralt.

Source: City A.M. (link opens in a new window)

global development