Colony Capital has closed its acquisition of Abraaj Group’s private equity platform in Latin America.
The transaction was first announced on Jan. 23, 2019.
The company has been renamed Colony Latam Partners and will continue to be headed by its senior management team, led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina.
It currently manages more than $700 million and has made 22 investments across Latin America since its establishment in 2006.
Colony Capital is a global investment management firm with assets under management of $43 billion. It manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, traded and nontraded real estate investment trusts, and registered investment companies.