DLM Invista Holds First Close for IT Private Equity Fund (Latin America)

Source: Investimentos e Notícias

Brazilian financial asset manager DLM Invista has held a first close on its DLM Brasil TI private equity fund with BRL180 million (approximately US$90 million) in capital commitments. The fund, which will focus on Brazil’s information technology sector, is targeting BRL250 million (approximately US$125 million) in total commitments. DLM Invista reportedly raised much of the capital from Brazilian pension funds.