Sino Latin Capital Approved to Raise and Manage RMB-denominated Private Equity Funds

News provided by

SinoLatin Capital

Mar 11, 2010, 08:30 ET

SHANGHAI, March 11 /PRNewswire-Asia/ -- In a meeting last week, authorities from the Shanghai-Pudong Government announced that they had granted SinoLatin Capital ( http://www.sinolatincapital.com ) the approval to raise and to manage RMB-denominated private equity funds.

"We are deeply appreciative and proud to have been granted this license, which signals the Chinese government's support for our efforts to promote and expand the country's investment relationship with Latin America," said Luis Gomez Cobo, Founding Partner and Chairman of SinoLatin Capital.

As of March 2010, SinoLatin Capital's subsidiary in China will be a "Private Equity Investment Management Company". SinoLatin Capital becomes one of the first foreign financial institutions to be granted the license in China and now joins a very small group of foreign private equity firms with this distinction, including the Carlyle Group, the Blackstone Group and Apax Partners. To date, SinoLatin Capital is the only Latin America-focused firm to have been approved to manage RMB-denominated private equity funds in China.

Located in Shanghai's financial district, SinoLatin Capital is the first financial advisory and principal investment firm focused exclusively on cross border transactions between China and Latin America. SinoLatin Capital's industry focus is natural resources.

    For more information, please contact:

    CVOX Group, LLC
     Ray Ruga
     Tel:   +1-305-733-3155
     Email: [email protected]

SOURCE SinoLatin Capital

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