FUND INFO > LATIN POWER I

Profile: Latin Power I (as of 06/30/2009)
Inception date: 1993
   
Number of Plants: 7
Total capital: $100 million
Total investment: $100 million
   
Exits: 7


Investment Strategies and Select Highlights:

  • Pursue minority positions as financial investor in a consortium with strategic and local investors
  • Bid on operating assets being privatized by various governments
  • Target individual electric power facilities yielding IRRs to the portfolio of 20-30% solely from operating distributions
  • Given highly competitive and difficult market conditions, investment strategy shifted to invest in medium sized $50-100 million Greenfield projects (majority of holdings)
  • In 2007 all the remaining assets in the portfolio were sold.

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