Nexxus Capital has held a final closing of its sixth institutional private equity fund, Nexxus Capital VI, with capital commitments of $550 million. The new fund was oversubscribed and exceeded its original target of $400 million.
Pension plans, sovereign wealth funds, and endowments from North America, Europe and the Middle East account for the majority of the investor base. The new fund will make equity investments in midsize companies primarily in Mexico, where there is an opportunity to institutionalize family or entrepreneurially owned businesses.
Nexxus Capital is the oldest independent Mexican private equity firm with more than 18 years in the market. The team has a successful track record achieving unleveraged gross IRRs of over 25%, with over $1.2 billion in assets under management plus $100 million in co‐investments across six institutional funds. Nexxus Capital is headquartered in Mexico City (www.nexxuscapital.com).
Nexxus VI is comprised of two investment vehicles: a Mexican public vehicle listed on the Mexican Stock Exchange (Ticker: NEXX6CK 13) and 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.
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-26-13