TC Latin America Partners has raised $268m (€250m) for its second Latin American property fund.
The New York-based manager’s Latin America Real Estate Fund II is focused on the development of residential, commercial and industrial real estate projects in Peru, Colombia and Mexico.
Hodes Weill Securities acted as exclusive global placement agent for the fund.
TC Latin America Partners (Terranum Capital), founded by Gregorio Schneider in 2012, raised $235m for its first fund in 2013, with investors including pension funds in Peru and Colombia, institutions in the US and Europe, and Latin American family offices.
The first fund invested in the development of low and middle-income housing and retail projects in Peru, Colombia and Mexico.
Equity International, the private property investment firm of Sam Zell, invested with the firm in Cartagena-based Decameron Hotels & Resorts in 2014.