Brazil’s Spectra Investments closes its sixth flagship vehicle at $330 Million

– Spectra Investments Overview:
– Brazilian investment firm headquartered in São Paulo, founded in 2012.
– Manages $1.5 billion in assets.
– Investment focus: private equity, venture capital, special situations, and other strategies.
– Executes primary and secondary transactions, as well as co-investment opportunities.

– Fund VI Details:
– Closed its sixth flagship vehicle, Spectra Latin America Private Equity VI, raising $330 million.
– Slightly below target but matched commitments of the previous fund raised under better market conditions.
– Predecessor, Fund V, raised $340 million against a $400 million target in 2021.

– Investor Composition:
– 40%: Brazilian family offices.
– 30%: Domestic private wealth managers and multifamily offices.
– 20%: Brazilian pension funds.
– 10%: Non-Brazilian investors.

– Capital Allocation:
– 45% of Fund VI dedicated to secondaries transactions, slightly higher than prior funds.
– Half of the fund’s capital already committed, including to secondaries transactions.

– Fundraising:
– Fundraising took one year and nine months, longer than usual due to challenging market conditions.