Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund management platform which will manage a new private equity fund focusing on promising non-listed companies in Brazil, with a preliminary size of $100 million.
Founded in May 2003, JBI is an independent Brazilian asset management firm focusing on equity investments, with funds in operation in the areas of public equity, private equity and seed capital. The bank...
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