Nexxus Capital Announced a US$550 Million Final Closing for its Sixth PE Fund
Mexico City, November 20, 2013. - Nexxus Capital announced the final closing of its sixth institutional private equity fund, Nexxus Capital ("Nexxus VI"), with capital commitments of US$550 million. The Fund was oversubscribed, significantly exceeding its original target of US$400 million.
Nexxus Capital VI continues to be supported by existing and new local institutional investors and has also attracted commitments from new world-class investors from North America, Europe and the Middle East. Pension plans, sovereign wealth funds, and endowments account for the majority of the investor base.
Nexxus VI is comprised of two vehicles: (i) a Mexican public vehicle listed on the Mexican Stock Exchange (Ticker: NEXX6CK 13) and (ii) an Ontario limited partnership. Both vehicles will co-invest on a pro-rata basis according to total available resources of each vehicle. MVision Private Equity Advisers acted as lead global fundraising adviser. Santander and Citigroup acted as joint-bookrunners for the Mexican vehicle.
Nexxus Capital VI expects to make equity and equity-related investments in midsize companies primarily in Mexico, where there is an opportunity to institutionalize family or entrepreneurially owned businesses. For more information about Nexxus Capital, go to www.nexxuscapital.com.