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Sino Latin Capital to manage RMB private equity funds

The Shanghai-Pudong government has granted SinoLatin Capital the approval to raise and manage RMB-denominated private equity funds.

As of March 2010, SinoLatin Capital’s subsidiary in China will be a private equity investment management company.

SinoLatin Capital joins a very small group of foreign private equity firms to be granted the licence, including the Carlyle Group, the Blackstone Group and Apax Partners.

To date, SinoLatin Capital is the only Latin America-focused firm to have been approved to manage RMB-denominated private equity funds in China.

"We are deeply appreciative and proud to have been granted this license, which signals the Chinese government’s support for our efforts to promote and expand the country’s investment relationship with Latin America," says Luis Gomez Cobo, founding partner and chairman of SinoLatin Capital.

Located in Shanghai’s financial district, SinoLatin Capital is the first financial advisory and principal investment firm focused exclusively on cross border transactions between China and Latin America. SinoLatin Capital’s industry focus is natural resources.

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