July 25, 2024

Scion of Billionaire Family Hunts for Cheap Assets in Venezuela

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Eduardo Cisneros, the grandson of patriarch Diego Cisneros, co-founded a private-equity fund in Florida that has raised over $200 million from investors, according to a filing with the SEC. The fund, called 3B1 Guacamaya Fund LP, has already used about $60 million of that cash to snap up Venezuelan businesses, including a paint maker, over the past year, according to several people with knowledge of the deals who asked not to be named because they weren’t authorized to speak publicly about the matter. By Patricia Laya and Nicolle Yapur. Full Text -> BBN Bloomberg

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