Chilean financial institutions buy stake in Spanish FoF

The stake was acquired through LVCC Asset Management, jointly-owned by the buyers.

The acquisition extends the partnership between Altamar Private Equity and LarrainVial, which have collaborated on several projects over the past three years, including the distribution of the vehicle Altamar V in Latin America.

Spanish investors have also acquired a 17.5% stake in Altamar, taking the total stake sold to 37.5%. Altamar's management and founders will retain their majority shareholding in the company and full control of its operations.

Founded in 2003, Altamar currently has $1.6bn worth of assets under management and offices in Madrid and Santiago, Chile. Pension funds, insurance companies and family offices based in Spain are investors in the company's funds.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Spain