> LATIN POWER I

> LATIN POWER II
   > Projects
      > Termotasajero
      > Jamaica Energy Partners
      > Energía de los Lagos
      > Mexhidro
      > Termocabo
      > Southern Cone

> LATIN POWER III

Profile: Latin Power II (as of 12/31/2007)
Inception date: 1998
   
Number of Plants: 11
Total capital raised: $157 million
Total invested: $161 million
   
Total Distributions To Investors: $343.2 million
   
Maximum % Net Capital Drawn: 45.0%
   
Times Commitment Returned: x 2.1
   
Realized Quarterly IRR: 15.5%
   
Exits: 10


Investment Strategies and Select Highlights:

  • Pursue majority positions to ensure management control and a majority seat on the Board of Directors
  • Participate as part of a multi-national group of global and local investors
  • Pursue acquisition projects that generate immediate cash-flow given exit of strategic players to the region creating greater opportunity
  • In 2007 all the remaining assets in the portfolio, except Southern Cone, were sold. Jamaica Energy Partners has a small portion of the paid money in an escrow account to be released in Q3 2008. Mexhidro has $21 million in escrow account to be released in three equal amounts over the first three Quarters of 2008.

 




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