Firm: Southern Cross Capital Partners
Fund: Southern Cross Latin America Private Equity Fund III LP
Target: $500 million
Amount Raised: $750 million
Placement Agent: Stanwich Advisors LLC
Fund III is earmarked for middle market and large buyouts in Latin America. and Southern Cross plans to make between five and seven control-oriented investments, according to our source. The firm plans to parcel out equity investments in slugs ranging from $50 million to $150 million. The investment horizon is four to five years.
With main offices in Buenos Aires, Argentina, and Santiago, Chile, Southern Cross is active throughout Latin and South America and does not specialize in any particular sector. The firm recently did a club deal to acquire Laureate Education Inc., joining with a consortium of investors that included