Hicks, Muse, Tate & Furst Inc. said this week that it has closed its Latin America Fund to new investors.

The Dallas-based buyout shop created the fund to make private equity investments in Latin American companies, focusing on companies in Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela.

A portion of the fund's capital has already been committed to form Ibero-American Media Partners, a limited partnership to invest in media properties in Latin America, Spain, and Portugal.

Separately, Hicks Muse said it had bought Meca, an Argentine outdoor advertising company.

The buyout firm has invested or committed about $1.2 billion in Latin America since the early 1990s, of which $500 million was committed to the Latin America Fund.

Compiled by J. Alex Tarquinio

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