Evercore Mexico Capital Partners has closed a $201 million fund.

The fund, called Evercore Mexico Capital Partners III, will make minority investments in Mexican companies. In recent months and years, Mexico has begun to rival Brazil for most favored Latin American nation among M&A practitioners.

Limited partners include institutional investors and family offices. The investments are expected to range from $15 million to $30 million. The fund has already invested in Intellego, Diavas DEP and Grupo Casanueva Perez.

The company is the Mexican private equity business of New York-based investment bank Evercore Partners and manages more than $400 million in committed capital.

Evercore Mexico’s investments include Volaris, More Pharma and Grupo Axo.

For more on middle-market dealmaking investing in Mexico and other emerging markets, check back on June 20 for the cover story in the July issue of Mergers & Acquisitions.

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