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Report: Brazil's Gavea Investimentos targets up to $1B in latest funding round

Brazil's Gavea Investimentos SA is looking to raise between $600 million and $1 billion in a fresh round of funding, Valor Econômico reported, citing two anonymous sources.

The company's last funding round occurred in 2014 and saw it generate roughly $850 million, according to the report.

Gavea Investimentos is an independent investment management firm that focuses on hedge funds and private equity funds.