Darby and Joseph

Darby Overseas Investments recently bought Joseph Ferrigno''s Prumerica Asia Infrastructure Investors. Darby CEO Richard Frank and Jo Ferrigno talk about the deal and the uses of mezzanine finance.

Darby Overseas Investments is one of the leading US based emerging market investment firms. It was started by Nicholas Brady, the ex-US Treasury Secretary, in 1994 and has so far focused its attentions mainly on Latin America.

In March, Darby announced that it had acquired Prumerica Asia Infrastructure Investors PAIIfrom the Hong Kong affiliate of Prudential Financial. PAII manages the $246 million Asian Infrastructure Mezzanine Capital Fund and the firm is run by one of Asia's best known infrastructre...

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