Aureos

Private investment fund
Last updated:
2009-10-29

Management firm

Name:
Aureos Advisers Limited
Address:
4th Floor, 24 Old Bond Street
W1S 4QA, London
United Kingdom
Telephone:
+44 (0) 20 7647 6800
Fax:
+44 (0) 20 7647 6801
Web:

Need assistance
in financing a project?

Basic information

Branch Office(s)

Aureos has 25 offices throughout Latin America, Africa and Asia. For more details go to http://www.aureos.com/contact-us/index.php

Firm size & description

Aureos Capital Limited (Aureos) was established in July 2001 as a joint venture between CDC Group plc (CDC - www.cdcgroup.com), a UK government-owned fund of funds, and Norfund, the Norwegian Investment Fund for Developing Countries (Norfund – www.norfund.no).

Once established, Aureos assumed the management responsibility for 139 portfolio companies - "the Legacy Portfolio" - with a book value of US$72 million originally invested and managed by CDC between 1989 and 2001. Aureos has effected 130 exits and the realized and unrealized cash multiple is expected to be around 1.98 times book value.

Since 2001, Aureos has increased its funds under management to over US$ 1 billion and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 15 regional private equity funds.

Since the beginning of 2001 Aureos has launched:

Aureos Central America Fund (US$36.3m committed capital)
Aureos East Africa Fund (US$40m committed capital)
Aureos West Africa Fund (US$50m committed capital)
Aureos Southern Africa Fund (US$50m committed capital)
Aureos South Asia Fund I (US$10m committed capital)
Aureos South Asia Fund (US$122.4m committed capital)
Aureos South-East Asia Fund (US$91m committed capital)
Aureos China Fund (US$36.5m committed capital)
Kula Fund II (Pacific Islands) (US$22m committed capital)
Emerge Central America Growth Fund (US$21m committed capital)
Aureos Malaysia Fund (US$25m committed capital)
Aureos Brunei Fund (US$25m committed capital)
Aureos Central Asia Fund (US$70m committed capital)
Aureos Latin America Fund (US$184m committed capital)
Aureos Africa Fund (US$312.8m committed capital)

Aureos is currently marketing the Aureos Africa Fund. Since inception, Aureos has established 15 new private equity funds with more than US$ 1,1 billion of funds under management. Aureos forecasts to have US$1,5 billion under management by the end of 2010.

Fund description

Aureos Central America Fund (US$36.3m committed capital)
Aureos East Africa Fund (US$40m committed capital)
Aureos West Africa Fund (US$50m committed capital)
Aureos Southern Africa Fund (US$50m committed capital)
Aureos South Asia Fund I (US$10m committed capital)
Aureos South Asia Fund (US$122.4m committed capital)
Aureos South-East Asia Fund (US$91m committed capital)
Aureos China Fund (US$36.5m committed capital)
Kula Fund II (Pacific Islands) (US$22m committed capital)
Emerge Central America Growth Fund (US$21m committed capital)
Aureos Malaysia Fund (US$25m committed capital)
Aureos Brunei Fund (US$25m committed capital)
Aureos Central Asia Fund (US$70m committed capital)
Aureos Latin America Fund (US$184m committed capital)
Aureos Africa Fund (US$312.8m committed capital)

Geography

Provides financing for projects in following countries:

CountriesRegionsGlobal
    • Africa
    • Asia
    • South and Central America

      Fund details

      Information regarding investors:

      Aureos has over 70 institutional investors, including: development finance institutions, multilateral finance institutions, commercial banks, (local) pension funds, funds of funds, high-net-worth individuals and family offices and foundations. The three largest investors are:CDC Group plc (www.cdcgroup.com), Norfund (www.norfund.no) and FMO (www.fmo.nl).

      Aureos main investors, CDC Group plc and Norfund, sold 49.0% of Aureos Capital Limited to Frontier Investments LP, an investment vehicle owned by Aureos employees. Frontier owns 49.0% of Aureos Capital;
      CDC and Norfund own 25.5% respectively. Frontier has the option to acquire 100% of Aureos Capital.

      In July 2006, FMO, the Netherlands development finance institution (www.fmo.nl) , became a preference shareholder. FMO has also in principle committed investing up to US$100 million in Aureos funds between 2006 and 2010.

      Actively seeking investments:

      Yes