Private equity and venture capital groups have slashed fundraising for Brazil by more than 70 per cent over the past two years as the country’s gloomier economic outlook drives away larger companies such as London-based 3i. About $2.3bn was raised last year to invest in Brazil, down from $3.6bn in 2012 and $8.1bn in 2011, according to data released on Thursday by the Latin American Private Equity and Venture Capital Association (Lavca).
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To read the original article: Brazil losing its appeal for private equity and venture capital - FT.com
