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28 March 2012
Bogota
Reporter Georgina Lavers

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New Colombian fund finds administrator

A private equity fund focused on the luxury beachfront hotel and resort asset class will be administrated by Fiduciaria Bancolombia.

Brilla Group, a Miami-based private equity firm, completed the first closing for its Colombian Beachfront Hospitality Private Equity Fund on 1 February 2012.

The fund will be administered by Fiduciaria Bancolombia of Grupo Bancolombia. Fiduciaria Bancolombia is the largest fiduciary company in the Colombian market, with 900 trusts under administration.

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