| 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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