Aureos Capital, the private equity fund management company specialising in unlisted mid-cap businesses across Asia, Africa and Latin America, has revealed plans to double funds under management to US$1.2 billion.
Two new funds are scheduled for launch in 2007: an Aureos Central Asia Fund and a new, second generation pan-regional Aureos Latin American Fund. A new pan-regional Africa fund is also being developed. “We are very excited about the opportunities for both these funds,” said Vettivetpillai. “Our sweet spot is the sub-US$10 million deal where really good returns are available and we are the only fund manager focussed on this mid-cap sector.”
The Aureos Central Asia Fund will be a US$120 million fund focussing mainly on the Caspian Basin including countries such as Kazakhstan, Uzbekistan and Azerbaijan and will be managed out of a new office in Kazakhstan. The first close is scheduled for the first quarter of 2007.
The new pan-regional Aureos Latin America Fund will be a US$300 million fund that will invest in opportunities mainly in Central America, Mexico, Peru and Colombia. The first closing is expected to take place in the second quarter of 2007, with commitments of approximately US$150 million.
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