European private equity manager Capital Dynamics has opened an office in Brazil, the latest endorsement by the buyout industry of the Latin American market, which many investors expect to offer one of the world’s most promising growth opportunities.

The Swiss adviser to private equity investors, which has advises funds with a total of more than $21bn (€16.8bn) under management, announced today it will establish an office in Rio de Janeiro to be led by vice-president Filipe Cerqueira Caldas.