Linzor Capital Partners Closes on $621 Million for its Third Fund
May 15, 2015 ‐ Linzor Capital Partners (“Linzor” or “LCP”), a pan‐regional Latin American private equity firm focusing on the middle market, announced the final closing of its third fund, Linzor Capital Partners III, L.P. (“LCP III” or “Fund III”). After only six months in the market, Linzor closed at its self‐imposed hard cap, reaching $621 million of aggregate capital commitments.
“Monument Group was privileged to be able to work once again with Linzor on this fundraise,” said John McCormick, Managing Director at Monument Group. “The successful fundraise is a testament to Linzor’s experience and well‐regarded reputation in Latin America. Linzor is one of the truly institutional groups in the region and we were pleased to assist them in continuing to build out their investor base.”
Linzor received strong support from its existing investor base and selectively added a new and diverse group of pension funds, sovereign wealth funds, endowments, foundations, financial institutions and families. LCP’s partners have also made a significant personal commitment to LCP III. Approximately 40% of the capital was raised from the US, a third from Europe, and the rest from Latin America and Asia Pacific.
“We are very pleased with the outcome of this fundraise and tremendously appreciative of the trust bestowed on us by both existing and new investors. With a world‐class investor base, a highly experienced local investment team, and a disciplined institutional approach developed over decades of investment in the region, we are uniquely positioned to continue capitalizing on opportunities for private equity investing in Latin America,” said Tim Purcell, one of the founders and the Managing Partner of Linzor.
Linzor intends to invest Fund III utilizing the same investment strategy as employed by the Firm’s two prior funds, focusing on acquiring middle‐market companies in Latin America, principally in Mexico, Chile, Colombia, Peru and Argentina.
About Linzor Capital
Linzor Capital Partners is a leading pan‐regional private equity firm focused on the middle market in Latin America, operating out of four local offices in Santiago, Chile; Buenos Aires, Argentina; Mexico City, Mexico; and Bogota, Colombia. With the closing of LCP III, Linzor has raised over $1.2 billion of capital commitments since inception.
Linzor was founded in 2006 and its partners are Tim Purcell, Alfredo Irigoin, Carlos Ingham, Carlos Gómez, Cipriano Santisteban, Matías Gutierrez and Jean Bernard Ide. Most of them began their careers at J.P. Morgan, where the founding partners worked together for nearly twenty years.
Linzor raised its first fund, Linzor Capital Partners, L.P. (“LCP I”), in 2006 with $181.5 million of committed capital and closed its second fund, Linzor Capital Partners II, L.P. (“LCP II”), in 2011 with aggregate commitments of $465 million. The current portfolios of LCP I and LCP II include investments in the financial, education, industrial, retail, and consumer finance sectors across Latin America.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy‐side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 71 funds, of which 41 are with repeat clients, totaling $81 billion of equity against an aggregate target of $77 billion. These clients represent a broad range of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Tokyo and Hong Kong.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorised and regulated by the Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.
