International private equity firm Berkeley Assets has launched its operations in Latin America, with a new office in Mexico City, as part of its global expansion plans for this year.

Located in the Paseo de la Reforma district of Mexico City, the office will represent the entire Latin American region, through its active distribution network.    

Managed by the team at Berkeley Assets’ London headquarters, the Mexico City office is anticipated to raise USD1million per month from the retail market in its first year of operations, in addition to institutional capital which is proving more popular than initial market research indicated.

Commenting on the expansion, Omar Jackson, Partner at Berkeley Assets, said: “Mexico City is the financial hub of Latin America, one of the strongest and most vibrant business destinations in the region, with an increasingly positive reputation within the financial sector. 

“Our market intelligence has told us that there is a strong demand from institutional investors as well as individuals in the region looking to place their capital in private equity, and more specifically placing it with international businesses, where possible.”

The office is the second new international outpost to open this year, following weeks after the new Spanish operation was launched in Puerto Banus, Marbella.  Hong Kong and Singapore will follow in the second half of the year, while other opportunities in Europe and Africa are still being considered.  The firm’s Dubai office will manage all Far East operations where it already has strong introducer networks.

Jackson added:  “We are launching in areas where we know there is an appetite for private equity, and Mexico presents a number of lucrative opportunities for us.  This is an exciting time for Latin America and we have our sights set on potentially launching in Brazil in due course.

“The retail market is generally more educated today; they understand the benefits of private equity and are leaning towards those options for personal investments.  There is more faith in PE these days because it is outperforming every other aspect of the finance industry and is the most trusted sector.”

“Like other private equity firms, we raise capital from our partners, from banks and from institutional investors, but what makes us different is that we also allow private individuals to place capital with us for fixed rates of return, offering retail clients a safe and reliable source of income, whilst giving us access to low cost capital.”

Berkeley Assets raised US$112.8 million in total in 2018, with US$16.2 million generated from the retail market and the remainder from institutional investors, far exceeding its capital raising targets. 

The company’s portfolio of properties spans multiple sectors and includes existing and new to market assets in some of the world’s most sought after locations, including London, New York, and Miami.

Berkeley Assets’ UK office recently received the official stamp of approval from the Financial Conduct Authority (FCA), one of the largest and most respected financial regulators in the world, as an appointed representative.