Emerging Markets
Opportunistic approach to building attractive risk-adjusted return opportunities across the emerging markets
Established in 1995, the Emerging Markets platform has local offices across Asia, Latin America and Eastern Europe and contains distinct investment strategies covering commitments to private equity funds, direct equity investments, and special situations investments. Siguler Guff has a thematic bottoms-up approach to underwriting risk across each of the unique regions in which it invests and has committed to over 80 fund managers and made over 65 direct equity investments in companies since its inception. Our equity-oriented strategies seek to identify the next generation of transformational growth opportunities that will arise from the rapid expansion of domestic consumption patterns within the Emerging Markets’ middle class, and we seek to support entrepreneurial management teams and market leaders in capitalizing on this growth. Our special situations strategy seeks to find uncorrelated returns by providing flexible capital solutions to companies in Brazil, allowing them to unlock liquidity from legal claim credit-rights.
Investment Criteria
Fund Investments
- Sector or geography focused funds
- Venture capital, growth equity and buyout focus
- Target fund size: $250 million-$1 billion
- $5-$25 million investment size
Direct Investments & Co-Investments
- Lead direct investments with board seat representation
- Target Enterprise Value: $50-$500 million
- Opportunistic co-investor alongside value-added sponsor with relevant sector expertise
- Invest across the lifecycle of a company from early (venture) to mature (growth & buyout)
- $10-$100 million investment size
Special Situations
- Negotiated structured capital solutions for domestic and multinational companies operating in Brazil
- Deep expertise on niche assets linked to legal claims
Investment Criteria (Equity & Special Situations Investments)
- Consumption-Driven Sector Bias: Consumer, Healthcare, Technology, Financial Services
- Growth Orientation: Supporting entrepreneurial founders / promoters with strong incentive alignment in accelerating company’s growth through an identified inflection point
- Downside Protection: Structured solutions or attractive relative entry multiples in market leaders demonstrating profitability / proven unit economics
Investments
Representative Investments
Representative Investments
For further information regarding investments and transactions shown, please see additional disclosures