August 10

Votorantim Partners With Temasek to Launch $700 Million Fund to Invest in Brazil

Brazil’s Votorantim group and Singapore’s Temasek Holdings teamed up to launch a $700 million fund to invest in Brazilian companies, they said in a joint statement on Tuesday.

The investment fund, called 23S Capital, will target long-term investments in high-growth sectors of the Brazilian economy, the companies said.

“Our investment mandate will focus on high-potential trends in Brazil and globally, with an emphasis on new business models and technology across various sectors of the Brazilian economy,” said 23S Capital’s chief executive Matheus Villares.

Photo courtesy of Eduardo Soares.

Source: Reuters (link opens in a new window)

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