Mexican PE Fund Raises $160M Under New Pension Rules

Law360, New York (April 25, 2012, 6:42 PM EDT) -- Mexican City-based Wamex Private Equity Management has closed its second fund at $160 million, tapping pension fund investors under newly relaxed rules that could signal a brighter future for fundraising in that country, the firm said Wednesday.

Multinational Industrial Fund II will provide growth equity to Mexican companies and has already invested $64 million, backing a budget hotel chain, a health care information technology company and an environment-focused financing firm.

“We are very pleased to have exceeded our target under very tight funding conditions,” said Ernesto...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.