Aureos Raises LatAm PE Funds

Aureos Capital has raised $184m at the final close of its LatAm fund, which invests in small and medium sized businesses in Mexico, CentAm and the Andean region. About half of the funds are expected to go to Mexico, with the remainder to be invested equally throughout the rest of its target markets, says managing partner Erik Peterson. He adds that Aureos aims for a 20% return to investors. The shop, which targets companies with sales between $5m and $75m, says its investors include international and regional asset managers, pension funds, insurance companies and development finance institutions. The fund’s first closing took place in December 2007.