GIC and CIC invest in Brazil's BTG Pactual

The Government of Singapore Investment Corporation, China Investment Corporation and Abu Dhabi Investment Council make their first foray into Latin America by participating in a $1.8 billion investment in Brazilian financial services firm BTG Pactual.

Brazilian investment bank BTG Pactual will increase its capital base by $1.8 billion with the introduction of new investors, including the Government of Singapore Investment Corporation GIC and China Investment Corporation CIC.

BTG Pactual is raising $1.8 billion through the issuance of new equity, representing a 18.65% stake, to a consortium of international investors. GIC, CIC, Ontario Teachers’ Pension Plan Board OTPP, Abu Dhabi Investment Council ADIC and private equity firm JC Flowers are contributing the bulk of the investment. Several other investors are participating in the deal, including RIT Capital Partners and Lord Rothschild’s family interests the Santo Domingo family's interests Exor, an investment company controlled by the Italian...

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