US Real Estate to Get $2 Billion Bet From Ex-BTG Partners’ Firm
- Investment company Galapagos is preparing to raise a fund
- Specialists Rodrigo Machado and Eduardo Romero join firm
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Galapagos Capital, a Brazil investment firm run by former Banco BTG Pactual SA partners, is planning to raise a fund to invest $2 billion in US real estate in the next three to four years.
The firm, which has a total of about 20 billion reais ($4 billion) under management, hired real estate veteran Rodrigo Machado from Leste Group in June, along with a five-person team. Last year it brought in a former BTG specialist, Eduardo Romero, in Chicago.