Private Equity Could Open Up New Finance For Brazil Infra

CFW View: Brazil's infrastructure sector suffers from a lack of access to private capital. The industry has become over-reliant on the state development bank (BNDES), creating an unsustainable platform for project finance. News that Brazilian bank BTG Pactual is planning to launch another infrastructure dedicated fund illustrates the potential for private equity to align investor appetite (particularly rising institutional investors interest) for Brazilian infrastructure with demand for capital from project sponsors.

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