Aureos looks to double funds to $1.2bn

Aureos Capital, the private equity fund management company specialising in unlisted mid-cap businesses across Asia, Africa and Latin America, is planning to double funds under management to $1.2bn (£619.85m) The company will launch a number of funds and open 10 offices over the next few years to add to its current international network of 22. Sev Vettivetpillai, chief executive of Aureos Advisers, said the company planned to approximately double its funds under management by 2008/09. Two new funds are scheduled for launch in 2007: an Aureos Central Asia fund and a second generation pan-re...