Franklin Templeton Investments' subsidiary Darby Overseas Investments has opened an office in Sao Pa...
Franklin Templeton Investments' subsidiary Darby Overseas Investments has opened an office in Sao Paulo in Brazil. This follows Franklin Templeton's recent expansion in Europe by registering 44 of its Luxembourg Sicav range of funds in Poland. Darby said it has opened an office in Brazil because of increased demand for private equity and mezzanine investments. Over the past 10 years, Darby has invested around $150m in 11 Brazilian or Brazil-related companies. The asset manager recently closed its $175m Darby-BBVA Latin American Private Equity fund to new investments. The fund invests in...
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