Hispanic firms lure investors

Posted on: September 5th, 2006
Filed Under: [ Business ] [ Hispanic News ]
Tags: ,
Knowledge is Power!

“The growth of Hispanic businesses and buying power is drawing the attention of venture-capital and private-equity companies nationwide that are seeking the next great breakout concept.

“It’s starting to percolate. The capital is starting to come in,” said Charles Garcia, founder of Sterling Financial Group in Boca Raton, Fla., which formed in 1997 to provide investment banking and wealth management for Hispanics. His company pegs the U.S. Hispanic/Latin American financial market at $2 trillion and growing.”

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