Lightrock, a global private equity platform that backs purpose-driven entrepreneurs tackling the world’s biggest challenges, has closed a new $300 million growth equity fund for Latin America.
Headquartered in London, UK, Lightrock currently has over $3 billion in assets under advice invested in 14 countries across Europe, the USA, Latin America, Asia and Africa.
For the new Latin America fund, Lightrock’s anchor capital provider is LGT Group, one of Europe’s leading financial institutions with $295 billion in assets under management. However, this latest fund also sees Lightrock welcome local investors, including Bradesco’s and XP Inc.’s fund of funds, BNDES, as well a selection of local family offices. The fund will offer its LPs co-investment opportunities, increasing total deployment to around $400 million.