Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: The next 10 years of private equity in Brazil will be “much better than the past 10 years,” arguesFernando Borges, a current Vice President of ABVCAP as well as Managing Director and Head of South America for the Buyout Group of The Carlyle Group. In an exclusive interview with Privcap, Borges describes the evolution of the industry from an initial bad spell in the 1990s to a “new era” after 2007. Topics of discussion also include: How GPs have more ways to make money now than before, how Brazil’s huge population of people under 40 is driving growth, the importance of local stock markets to private equity exits, the “big gap” that exists between the expectations of local GPs and LPs, and how a change to the tax law is one of ABVCAP’s biggest accomplishments. This interview is part of the ongoing series “The Brazilian Opportunity,” sponsored by the Brazilian Private Equity and Venture Capital Association (ABVCAP) and the Brazilian Trade and Investment Promotion Agency (Apex Brasil). Registered users of Privcap.com may access this 9-minute, chaptered video, full transcript, as well as Privcap’s entire archive of thought-leadership video programs. Register here – it’s quick and free
