Paul Capital, a private equity firm focused on secondary market transactions, has acquired 18.2 percent of a fund managed by the Brazilian technology venture capital firm Ideiasnet, paying 79 million reais ($40 million).
The purchase is Paul Capital’s second in Brazil, according to Duncan Littlejohn, managing director at Paul Capital.
The fund, known as FIP 1, is one of two managed by Ideiasnet, based in Rio de Janeiro. It invests in companies in digital media, e-commerce, mobile and software. Other American partners it has brought on include Liberty Media, which acquired 5 percent of Ideiasnet in 2012.
To read the original article: Paul Capital Takes Stake in Brazilian Venture Fund - NYTimes.com
