Family-owned private equity investor and wealth manager Quilvest has opened an office in São Paulo, Brazil, becoming the latest firm to target growth in one of the world’s leading emerging markets for private equity deals.

The São Paulo office is Quilvest's second in Latin America, as the firm already has a ground presence in Montevideo, Uruguay. Quilvest's São Paulo office will be used to source co-investment opportunities in Brazil as part of its global emerging markets program. Daniel Arippol, a vice-president at the firm, will move from Quilvest's New York office to lead the new office.