Siguler Guff raises $650 million PE fund for BRIC countries

The company has closed its commingled fund, the Siguler Guff BRIC Opportunities

Siguler Guff & Company, a multi-strategy private equity investment firm with over $10 billion of assets under management, announced on Wednesday that it has closed its most recent commingled fund, the Siguler Guff BRIC Opportunities Fund III, LP ("BRIC III"), bringing total capital raised for its emerging markets strategy to approximately $650 million during this fundraising cycle.

While raising BRIC III, Siguler Guff also closed three emerging markets-focused separate accounts. The separate accounts, all managed on behalf of large institutions, are tailored to each client's specific investment mandate within the emerging markets. All of these vehicles focus on high-growth opportunities and leverage Siguler Guff's local presence and expertise within the emerging markets. BRIC III, which held its final closing on March 31, 2014, seeks to assemble a diversified portfolio of best in class fund investments and co-investments in the emerging markets, with a primary focus on Brazil, Russia, India and China.

Ralph Jaeger, Managing Director and portfolio manager of the firm's emerging markets funds, commented, "Given the recent and current volatility in the emerging markets, which has led to asset re-pricing and softer currencies, we expect this to be a strong vintage period. With a dedicated team of over 30 emerging markets investment professionals who have deep local market insights, Siguler Guff is well-positioned to continue to identify the most compelling value propositions across the emerging markets. We seek to invest opportunistically within the emerging markets by exploiting areas of inefficiency and leveraging the high-growth characteristics of these regions."