Brasil Distressed Seeks Outside Investors to Boost Purchases
This article is for subscribers only.
Brasil Distressed, the two-year-old financial firm also known as BrD, plans to raise as much as $100 million from investors to boost purchases of distressed assets from mid-sized companies.
Carlos Catraio, partner and managing director of the Sao Paulo-based company, is on a promotional tour outside Brazil to talk about BrD+10, which was set up to raise the new funds. The company will start investing when it obtains $10 million, Catraio, 53, said in an interview.