Mexican private equity firm WAMEX raises $55m for first close

MIF II is the first private equity fund to access Mexico’s public markets, tapping domestic institutional investors such as pension funds. This was accomplished through an investment vehicle listed on the Mexican Stock Exchange. The vehicle will invest in parallel with a private limited partnership also managed by WAMEX, the firm said.

Jose Contreras, partner at WAMEX, commented, “We worked hard to design an innovative, viable structure that incorporates best-in-class governance and reporting standards in order to raise, for the first time in Mexico, significant domestic funds for private equity. This fundraise will be complemented by foreign investors in further closings.”

MIF II builds upon the experience of Multinational Industrial Fund, a $66m fund that has made eight investments since 2003 and is now in its harvesting phase.

Established in 1999, WAMEX Private Equity Management, has offices in Mexico City and representatives in Germany.

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