Peruvian private equity firm Nexus Group has closed its second fund with $600 million in capital commitments.
The fund exceeded Nexus’ $500 million goal. Investors included international pension plans, sovereign wealth funds, corporations, fund of funds and family offices. Of the total capital raised, 26 percent came from local and regional investors, 37 percent came from North American investors, 21 percent came from European investors and 16 percent came from Asia or Middle East.
The fund will invest primarily in Peru and in the Andean region.
Lima-based Nexus’ first fund closed in May 2011 with $320 million in committed capital. That fund invested in InRetail, which owns supermarkets, pharmacies and shopping centers, NG Restaurants, which owns fast food chains, and Promart, a home improvement company, among other investments.
MVision Private Equity Advisers acted as the placement agent for the fund. Shearman & Sterling served as legal counsel, and Ernst & Young was Nexus’ Peruvian tax consultant.