Evercore Partners’ joint venture in Brazil G5 Advisors is seeking to raise more than $1 billion to start three private equity funds and a commercial real estate fund in Sao Paulo, Bloomberg reports. G5 intends to raise nearly $400 million for an oil and gas fund, $300 million for investing in power and utility assets and $200 million for luxury brands. The Sao Paulo-based mergers and acquisitions advisory boutique is also looking to raise $252 million for a commercial real estate fund focusing on shopping centers in Brazil. The New York-based investment bank founded by Roger Altman acquired 50% of G5 in 2010 for $20 million in cash and securities.
Click here for the story from Bloomberg.