SinoLatin Preps Debut PE Fund

China-LatAm advisory firm SinoLatin Capital is preparing a debut private equity fund, partner Jorge Barreda tells LatinFinance. He says the shop aims to raise about $300m and to have a first closing between Q4 2010 and Q1 2011. The vehicle will invest in natural resource companies. Barreda expects both Chinese and LatAm institutional investors and individuals to make commitments to the fund. In March, the Shanghai-Pudong regional government granted SinoLatin approval to raise and manage RMB-denominated private equity funds. SinoLatin, which has offices in Shanghai and New York, is focused exclusively on cross-border transactions between China and LatAm. The Shanghai-based firm expects strong and enduring flow of acquisitions by Chinese entities in LatAm natural resources. It offers financial advisory and private equity services for deals in the $100m-$200m range.