Lightrock closes new $300m fund for Latin America

Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s most pressing issues, has announced the launch of a new $300 million growth equity fund for Latin America, as part of its plan to significantly increase its investment in the region over the next few years.

Lightrock, based in London, has approximately $3 billion in assets under management in 14 countries across Europe, the United States, Latin America, Asia, and Africa. Lightrock has offices in Zurich (Switzerland), Bangalore (India), So Paulo (Brazil), and Nairobi (Nigeria), with a total of more than 80 private equity specialists (Kenya).

LGT Group, one of Europe’s biggest financial organisations with $295 billion in assets under management, is Lightrock’s anchor capital provider for the new Latin America fund. Lightrock has also welcomed local investors, including Bradesco’s and XP Inc.’s fund of funds, BNDES, as well as a number of local family offices, to its latest fund. The fund will offer co-investment opportunities to its limited partners, bringing the total amount invested to roughly $400 million.