Nexxus Closes CCD

Mexican private equity manager Nexxus Capital has raised MXP4.081bn ($312m) for a Certificado de Capital de Desarrollo (CCD) fund investing in range of mid-sized local food, construction, and fitness companies, according to a person familiar with the transaction. Demand allowed Nexxus to increase the deal from a targeted MXP2.5bn-MXP3bn size. The 10-year fund envisions a return structure with a 10% return for investors, following an 80%-20% split between investors and management. Banamex and Santander managed the transaction, Nexxus’ second CCD.