Welcome!

News Feed Item

ACON Investments Finalizes Latest Latin America Capital Raise and Exceeds Target

WASHINGTON, Aug. 4, 2014 /PRNewswire/ -- ACON Investments, L.L.C. and its affiliates ("ACON" or the "Firm") are pleased to announce the final closing of their most recent Latin America middle market private equity fund, ACON Latin America Opportunities Fund IV, L.P. ("ALAOF IV" or the "Fund"). The Fund has total commitments of US$515 million and is the Firm's fourth consecutive investment program dedicated to Latin America. In May 2014, the Firm also closed on the issuance of MX$2 billion (approximately US$150 million) of Mexican publicly traded trust certificates, specifically Certificados de Capital de Desarrollo or Capital Development Certificates (also known as the "CKD"). The Fund, together with the CKD and co-investment appetite from many of ACON's limited partners, represents well over $600 million of potential capital for pan-regional mid-market private equity investments.

ALAOF IV was oversubscribed, with global investor interest from Europe, North America, Asia and Latin America. Commitments to ALAOF IV included substantial re-commitments from existing ACON investors as well as several new limited partner relationships. The Fund's investors include sovereign wealth and pension funds, insurance companies, development banks and family offices. ALAOF IV is a pan-regional fund with a mandate to invest primarily in private or thinly traded public companies. With a robust pipeline of new opportunities, the Fund's flexible investment objective allows it to invest throughout Latin America, acquire both controlling and minority equity interests and to invest in securities throughout the capital structure. The Fund continues ACON's long and successful Latin American investment style including 30 investments in companies located in nine countries in Latin America.

The investors in the CKD include several Mexican private pension funds. Under the Mexican regulatory regime, the pension funds are currently limited to making investments only in Mexico. A portion of the CKD is invested in the Fund. The CKD is managed by ACON's affiliate in Mexico.

With the closing of ALAOF IV and the CKD, ACON has raised more than $3.5 billion of capital commitments since inception. "We are extremely appreciative of our returning limited partners for their strong support of ALAOF IV and look forward to building similarly long-standing relationships with our new investors," said Ken Brotman, a Founding and Managing Partner of ACON. "We believe the current environment in Latin America provides a highly attractive opportunity to generate favorable returns. Furthermore, we believe our team's long track record and expertise in these markets uniquely positions us to capitalize on this opportunity."

ACON's placement agent for ALAOF IV was Stanwich Advisors, LLC. Hogan Lovells US, LLP served as ACON's primary fund counsel with McCarthy Tetrault LLP joining to advise on Ontario law matters.

About ACON Investments
ACON Investments, L.L.C. is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States and Latin America. Founded in 1996, ACON and its principals have managed over $3.5 billion of capital. ACON has professionals in Washington, DC, Los Angeles, Mexico City, Sao Paulo, Rio de Janeiro and Bogota. The Fund represents ACON's fourth pool of capital for Latin America. In the United States, affiliates of ACON are currently investing out of its third institutional capital pool. For more information, visit www.aconinvestments.com.  

CONTACT:
Midhat Pawlak
Director of Investor Relations
ACON Investments, L.L.C.
Tel: + (202) 454-1100

SOURCE ACON Investments, L.L.C.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...