Mexico-based private equity fund Nexxus Capital, S.C. is planning to further investments in Mexico, particularly in small and medium-sized enterprises with exposure to middle-class consumers, Reuters reported Feb. 20.

The company is planning to invest $350 million over the next 12 to 18 months in Mexico, as well as in Spain and Portugal, as it perceives there is a lack of private equity in those countries, according to senior managing partner Arturo Saval.

Saval added that Nexxus will look to hold initial public offerings for some of its covered companies, possibly within the next 18 months.