Vinci Capital Partners has held a final close on its Vinci Capital Partners III fund and related co-investments that together raised 3.96 billion Brazilian reals ($1 billion), according to a news release.
The amount raised by Vinci Capital Partners includes $310.6 million in co-investment capital, of which $227.6 million is discretionary.
Vinci will invest the money in Brazillian companies.
The firm's prior fund, Vinci Capital Partners II closed in 2011 with $1.4 billion.
"We are very pleased with the significant level of interest in our fund and we're eager to put this capital to work investing in high-growth opportunities in Brazil," said Bruno Zaremba, partner and head of private equity in the news release.
Investors in the fund include $55.8 billion Los Angeles County Employees Retirement Association, Pasadena, and Rhode Island State Investment Commission, Providence, which manages the assets of the $8.3 billion Rhode Island Employees' Retirement System, also in Providence.
Mr. Zaremba could not immediately be reached for comment.