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Modelo BCL Alpha Brasil 19 Commodities Form

Modelo BCL Alpha Brasil 19 Commodities Form

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first we need to understand that the private actor industry Brazil is very still very young so and we went through Cycles so we had the first cycle until late '90s where we had a lot of money uh invested and but the micro economic fundamentals were not there and the way people did private actor was very different no local presence most of them and so what happened was uh was very bad for the industry nobody made money everybody left and then we went through the second cycle which is from 20 2006 very few players remain micro fundamentals improve a bit but we didn't see a lot of deals or a lot of players investing and then we came to this new era of private equ that started in 2007 where we see a lot of money raised a lot of uh new players local and international players and PE uh managers start to having to get track record and then they continue to uh raise more money and the more important the the microeconomic fundamentals are there so people start looking the countr

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