Conduit Capital Closes $393 Million Third Fund Focused on Latin America Energy Investments; Largest Pool of Private Equity Capital for Region.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Conduit Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private equity investment firm focused on the independent electric power industry in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Caribbean, announced today it had closed its third fund, Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. Power III. With $393 million of capital commitments, Latin Power III is the largest private equity fund raised for Latin America since 1998. The fund's investors include renowned U.S. university endowments and foundations, international pension funds, investment authorities, development institutions and banks, and other well respected private equity investors. The team at Conduit Capital has been actively investing in and managing power related assets in the Latin American region since forming Latin Power I in 1993. The firm makes opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik) 1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances. 2. control investments in power facilities in carefully selected Latin American countries List of American countries Nations:
"The Latin American region is experiencing significant economic growth," said J. Scott Swensen, Chairman, Conduit Capital. "We expect this growth will place additional pressure on local infrastructures, ultimately leading to increased demand for additional sources of power generation. The Conduit team is ideally suited to support and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. that growth on behalf of our investors." Latin Power III has made two investments to date - a natural gas pipeline in Mexico and diesel barges in Jamaica -- with a large number of potential investments in the fund's pipeline. The firm's earlier funds, with total aggregate capital of $260 million, made a total of 18 investments, including the only independently owned hydroelectric plants in Mexico, the first independent power plants in Colombia, Peru and Honduras, and the largest independent plant in Jamaica. About Conduit Capital Partners Based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Conduit Capital Partners, LLC is a private investment firm focused exclusively on the independent electric power industry in Latin America and the Caribbean. Founded in 2003, the firm is managed by J. Scott Swensen and George Osorio, and has nine professionals. Conduit is investing its $393 million Latin Power III fund, which is currently the largest private equity fund investing in the region. |
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