Peruvian PE Fund Targets $150m Raise

Enfoca SAFI, a newly formed PE fund based in Lima, is looking to raise as much as $150m locally and offshore for its Descubridor 1 and Discovery 1 funds. The former has already raised $50m in soles, while the latter is set to wrap up its capital raising in September, Bernardo Mateluna, the portfolio manager, tells LatinFinance. Enfoca recently invested $12m in Maestro Home Center, a home improvement retailer, though the size of the stake has not been disclosed. Among the chief investors in the deal is Farallon Capital Management, a San Francisco-based hedge fund with upwards of $30bn under management.