Conduit To Sell Latam Power Assets

Conduit Capital Partners, a New York-based private equity firm focused on the independent electric power industry in Latin America and the Caribbean is planning to sell the assets of its first two private equity funds, Latin Power I and Latin Power II. The portfolios contain assets in Jamaica, Mexico, Colombia and Peru. Latin Power I was closed in 1993 with $100 million of committed capital and Latin Power II was closed in 1998 with $157 million of committed capital. Conduit is presently investing its $393 million Latin Power III fund, the largest private equity fund investing in the region, according to the company. Conduit has retained BNP Paribas as exclusive financial advisor for the divestiture.