Venezuela’s Cisneros to Raise $1 Billion for Reconstruction Fund

Adriana Cisneros, head of one of the Venezuelan business community’s most powerful families, is leading efforts to raise $1 billion for a private equity fund to invest in the crisis-ravaged nation as it seeks to rebuild, according to people familiar with the matter.

Cisneros, the chief executive officer of the Miami-based investment firm of the same name, plans to focus on sectors like infrastructure, logistics, telecommunications and energy with the expectation that the government will begin a wave of privatizations in the near future, said the people, who aren’t authorized to speak publicly on the plans.

Cisneros will ...