"Mexico and Andean countries Colombia and Peru bring very attractive investment opportunities because there is a coincidence of factors in all three," said Gustavo Ferraro, managing director at Gramercy Funds Management LLC, head of the firm's Latin American Markets and co-head of Latin America Private Equity.
"They have a sound macroeconomic situation, a growing consumer base and resilient growth, even when global growth is facing difficulties."
It is no coincidence that all those countries - Mexico, Colombia and Peru - moved up in the Latin American Private Equity and Venture Capital Association's
2013 Scorecard, which ranks Latin American markets by how investor-friendly they are in terms of private equity.
Gramercy, an emerging markets investment manager that formed a Latin American private equity team in December, plans to invest evenly in Mexico, Peru, Colombia, Argentina and Brazil, according to Ferraro
The firm is said to be fundraising, but Ferraro
would not comment, citing regulatory issues.