Buenos Aires, Argentina (September 23, 2010) - The Southern Cross Group recently announced the final closing of Southern Cross Latin America Private Equity Fund IV, L.P. The fund closed with capital commitments of $1.68 billion, which exceeded an original target of $1.25 billion, due to strong support from existing investors and significant demand from new investors.
Limited Partner commitments were secured from a diversified group of institutional investors from Latin America, North America, Europe, Asia, and the Middle East. Among these institutions are leading endowments, foundations, public and private pension funds, financial institutions, sovereign wealth funds, and fund-of-funds.
Stanwich Advisors, LLC acted as financial advisor and placement agent for the offering.
About Southern
Cross
Founded in 1998, Southern Cross is a leading Latin American
private equity firm with offices in Buenos Aires, Santiago, São
Paulo, Mexico City and Greenwich. Southern Cross targets control
acquisitions of high quality companies that have solid underlying
assets and significant potential for improved performance and
growth. Southern Cross leverages its team's significant operating,
consulting, turnaround and private equity investing experience with
a goal to dramatically
improve their portfolio companies' operating performance and
strategic direction.
For more information on Southern Cross, please visit www.southerncrossgroup.com
About Stanwich
Advisors
Founded in 2003, Stanwich Advisors, LLC is a boutique investment
bank focused exclusively on providing advisory and fundraising
services to private equity and venture capital partnerships
globally. Stanwich Advisors utilizes its seasoned investment
banking and private placement team to provide senior hands-on
execution for a select number of clients each year. Since 1996, the
Stanwich Advisors Principals have raised over $16 billion for more
than 40 private equity
funds across a wide range of investment strategies.
For more information on Stanwich Advisors, please visit www.stanwichadvisors.com.
