SAO PAULO : Brazil's Votorantim group and Singapore's Temasek Holdings teamed up to launch a $700 million fund to invest in Brazilian companies, they said in a joint statement on Tuesday. The investment fund, called 23S Capital, will target long-term investments in high-growth sectors of the Brazilian economy, the companies said. "Our investment mandate will focus on high-potential trends in Brazil and globally, with an emphasis on new business models and technology across various sectors of the Brazilian economy," said 23S Capital's chief executive Matheus Villares.

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