Paladin Realty closes a $100 million Brazil side car to
its Latin America III fund
LOS ANGELES and SAO PAULO, June 7, 2011. Paladin Realty Partners LLC, a leading emerging
markets institutional real estate fund manager, announced today that it has held the final closing of
Paladin Realty Brazil Investors III, LP, a $100 million Brazil side car fund to its third Latin America
regional real estate fund, Paladin Realty Latin America Investors III, LP. The Brazil III side car brings the
combined Latam III/Brazil III fund capital commitments to $554 million. The fund’s investors include
se...
Paladin Realty closes a $100 million Brazil side car to
its Latin America III fund
LOS ANGELES and SAO PAULO, June 7, 2011. Paladin Realty Partners LLC, a leading emerging
markets institutional real estate fund manager, announced today that it has held the final closing of
Paladin Realty Brazil Investors III, LP, a $100 million Brazil side car fund to its third Latin America
regional real estate fund, Paladin Realty Latin America Investors III, LP. The Brazil III side car brings the
combined Latam III/Brazil III fund capital commitments to $554 million. The fund’s investors include
several leading U.S. pension funds and other institutional investors from the U.S., Europe and the Gulf.
When combined with local partner equity and relatively modest leverage, the fund has the potential to
invest in more than $1.5 billion of assets across the region.
The fund continues the same investment strategy that Paladin Realty has successfully pursued in Brazil
and throughout Latin America for more than 13 years, and which spans over $4 billion of assets.
Paladin’s Latam strategy has two main components: 1) programmatic joint ventures with local
homebuilders to provide affordable housing targeting the region’s low‐income and growing middle‐class
populations, and 2) opportunistic investments in commercial properties and select distressed
opportunities (e.g., recapitalizing public real estate companies facing liquidity challenges as a result of
the global financial crisis). In contrast to the typical real estate opportunity fund, Paladin Realty
executes this strategy using low leverage (30‐40% of cost).
To date, the fund has committed approximately $330 million to various investments in Brazil, Mexico,
Peru and Costa Rica. Among these were the recapitalization of two leading public homebuilders in
Brazil, EVEN Construtora e Incorporadora SA (EVEN3:BZ) and VIVER Incorporadora e Construtora SA
(VIVR3:BZ), closing both investments in late 2008 and early 2009 as these companies faced liquidity
challenges at the height of the global financial crisis. Paladin Realty’s investment pipeline in the region
is over $1 billion.
The fund’s placement agent was Triton Pacific Capital, along with its European affiliate, Capital and
Marketing Group.
For more than a decade, Paladin Realty (www.paladinrp.com) has been a leading private equity investor
in the real estate sector in Brazil and other Latin America countries. Founded in 1995 and backed by
some of the largest U.S. pension funds and other institutional investors, Paladin Realty has invested in
over 130 real estate projects throughout the region with a projected total capitalization of more than
US$4 billion. The firm invests with well‐managed, local companies where Paladin Realty’s capital and
expertise can help such companies continue to grow and prosper.
# # #
About Paladin Realty:
Paladin Realty Partners, LLC is private real estate investment firm that manages real estate investment
funds on behalf of institutional investors and high net worth individuals. Founded in 1995 in partnership
with former U.S. Treasury Secretary, William E. Simon, the firm is now wholly‐owned by its active
management team. Since its establishment, Paladin Realty's private investment funds have acquired or
developed hundreds of properties, comprising a variety of product types located throughout the United
States and Latin America, with a total projected capitalization of more than $6 billion. Paladin Realty has
been investing in emerging markets since 1998, focusing initially on countries in Latin America such as
Brazil, Mexico, Chile, Peru, and Costa Rica. Since inception, the firm has developed projects throughout
Latin America with a total projected capitalization in excess of $4 billion.
For more information, please visit www.paladinrp.com or contact Fred Gortner, Managing Director of
Paladin Realty (310‐996‐8762).
site: http://www.paladinrp.com/online_documents/news/Paladin-Realty-Closes-$100-Million-Brazil-Side-Car-to-its-Latin-America-III-Fund-6-7-11.pdf
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