Private Equity in Brazil: A Comparative Perspective

Journal of Private Equity, 2005

14 Pages Posted: 20 Sep 2014

Date Written: November 10, 2005

Abstract

This paper analyzes the evolution of the private equity and venture capital industries in Brazil, using the U.S. market as an ideal type. The main challenges faced by this sector in Brazil are the volatility of the economy, a lack of seed capital, and the illiquidity of capital markets, which make exit strategies through initial public offerings problematic. On the other hand, the decreasing level of real interest rates and the recent changes in the regulatory framework are the two main factors that bode well for the future growth of the sector. As a result, the authors believe Brazil will become one of the most important markets for private equity by the end of the decade.

Keywords: Private Equity, Brazil, Capital Markets

JEL Classification: F30, G10

Suggested Citation

de Mariz, Frederic and Ferreira Savoia, Jose Roberto, Private Equity in Brazil: A Comparative Perspective (November 10, 2005). Journal of Private Equity, 2005, Available at SSRN: https://ssrn.com/abstract=2498213

Frederic De Mariz (Contact Author)

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States

Sciences Po ( email )

27 rue Saint-Guillaume
Paris Cedex 07, 75337
France

Jose Roberto Ferreira Savoia

FEA-USP ( email )

Av. Prof. Luciano Gualberto 908
São Paulo SP, São Paulo 05508-900
Brazil

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