#Privateequity #funds investing $8 Billion in Brazil

Private equity funds have as much as $8 billion ready to buy stakes in Brazilian companies, Piero Minardi, a partner at Gavea Investimentos, said in Sao Paulo yesterday.

Minardi, who helps oversee $5 billion at the fund manager set up by former central bank President Arminio Fraga, said more than 3,000 companies could receive investment from private equity funds either based in or with units in Brazil.

Private equity firms raised $8.1 billion for investment across Latin America in 2010, according to Latin America Venture Capital Association. The amount was more than double that raised in 2009, according to LAVCA, as the association is known.

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