International private equity firm Berkeley Assets has launched its operations in Latin America, with a new office opening in Mexico City as part of its global expansion plans for this year.
The company announced from its Dubai office that the new operation, located in the Paseo de la Reforma district of Mexico City, will represent the entire Latin American region through its active distribution network.
Managed by the team at Berkeley Assets’ London headquarters, the Mexico City office is anticipated to raise USD1million per month from the retail market in its first year of operations, in addition to institutional capital which is proving more popular than initial market research indicated.
Commenting on the expansion, Omar Jackson, Partner at Berkeley Assets, said: “Mexico City is the financial hub of Latin America, one of the strongest and most vibrant business destinations in the region, with an increasingly positive reputation within the financial sector.
“Our market intelligence has told us that there is a strong demand from institutional investors as well as individuals in the region looking to place their capital in private equity, and more specifically placing it with international businesses, where possible.”
The new office is the second to open this year, coming weeks after the new Spanish operation was launched in Puerto Banus, Marbella. Hong Kong and Singapore will follow in the second half of the year, while other opportunities in Europe and Africa are still being considered. The firm’s Dubai office will manage all Far East operations where it already has strong introducer networks.