In 2023, Nicaragua, Uruguay, and Chile had the highest penetration rates of private companies backed by PE/VC in Latin America and the Caribbean, with rates of **** percent, **** percent, and **** percent, respectively.
Brazil, the country with the highest number of private companies, ranked sixth in penetration rate with **** percent.
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S&P Global. (November 17, 2023). Private equity (PE) and venture capital (VC) penetration rate in private companies across Latin America and Caribbean in 2023, by country [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/
S&P Global. "Private equity (PE) and venture capital (VC) penetration rate in private companies across Latin America and Caribbean in 2023, by country." Chart. November 17, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/
S&P Global. (2023). Private equity (PE) and venture capital (VC) penetration rate in private companies across Latin America and Caribbean in 2023, by country. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/
S&P Global. "Private Equity (Pe) and Venture Capital (Vc) Penetration Rate in Private Companies across Latin America and Caribbean in 2023, by Country." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 17 Nov 2023, /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/
S&P Global, Private equity (PE) and venture capital (VC) penetration rate in private companies across Latin America and Caribbean in 2023, by country ÌÇÐÄÆƽâ°æ, /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/ (last visited July 31, 2026)
Private equity (PE) and venture capital (VC) penetration rate in private companies across Latin America and Caribbean in 2023, by country [Graph], S&P Global, November 17, 2023. [Online]. Available: /statistics/1473598/pe-vc-penetration-rate-latin-america-and-caribbean/
