Deals
Private Equity Plans to Extend Funds' Lives in Latin America
- Exits stall as firms try to compensate for currency declines
- `No one saw this coming,' says head of regional association
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With Latin America struggling through a recession, private equity firms that poured into the region before its economic downturn are expected to extend the life of their funds, according to the head of the Latin American Private Equity & Venture Capital Association.
“The expectation is private equity firms are looking to extend the life of those funds, so, rather than a 10-year horizon or nine-year horizon, maybe it is going to be 11 or 12 years,” Lavca President Cate Ambrose said on Bloomberg’s Deal of the Week podcast.