Nexxus Capital Closes $142m Fund

Nexxus Capital, the Mexico-based private equity shop, has closed its Nexxus III fund with a total investment of $142m, according to Roberto Terrazas, director of Nexxus Capital. Main investors include IFC, CDC, HSBC, Export Development Canada and CMIC. The fund aims to invest in medium-size companies in Mexico, with sales of $50m-$500m, Terrazas tells LatinFinance. The investments made by Nexxus III will focus on companies that cater to the Mexican middle class in sectors like health, education, consumer goods, retail, tourism, finance and housing. The fund plans to make investments of $20m-$50m, Terrazas says.