Kleinberg Kaplan Advises Absoluto Partners in its Investment in Brazil-based Nubank
Firm News | June 15, 2021 | Private Equity Funds
Kleinberg Kaplan client, Absoluto Partners, a Brazil-based hedge and venture capital fund manager with headquarters in Rio de Janeiro, recently participated in a Series G fundraising round totaling $750 million for Nubank, a Brazil-based fintech company. Absoluto Partners, Verde Asset Management and Sands Capital invested $250 million, while Berkshire Hathaway invested $500 million. According to The Wall Street Journal, the combined investments put Nubank’s value at $30 billion.
A Kleinberg Kaplan team, including partners Christian Gloger (Private Funds & Investment Management) and Neil Dubnoff (Tax) and associate Jacob Bitton (Private Funds & Investment Management), advised Absoluto Partners in setting up the venture capital fund that participated in the deal.