Private equity firms raise funds in Brazil despite challenges

Vinod Sreeharsha – The New York Times, 7/27/2015

The private equity firm Hamilton Lane is raising its second fund of funds here from local investors, seeking 300 million reais, or about $90 million, according to a person with knowledge of its plans.

The firm expects to hold a first close during the fourth quarter of this year, by when it should have at least half that amount, the individual said.

But Hamilton Lane had expected to reach its first close in this year’s second quarter, according to the individual, a reflection of the current tough economic climate here. That person spoke on the condition of anonymity.

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