ALAF II invests in medium-sized enterprises in the Andean Region and Central America. It is a generalist fund, investing in businesses across a variety of industries and sectors, including construction (housing, infrastructure), branded and fast moving consumer goods, agro-processing for export, healthcare services, tourism, and business process outsourcing. The types of investments targeted are expansions, consolidations, regional roll-outs and change of control transactions. The fund will seek to make initial investments in portfolio companies in the range of USD 1.5 - 10.0 million, with a total investment size up to USD 20.0 million.
ALAF II is managed by Aureos Latin America Managers, an affiliate of Aureos Capital Limited (Aureos). Aureos was established in 2001 as a joint venture between CDC and Norfund. Today Aureos has grown to over 100 professionals, and manages multiple funds covering Latin America, Asia and sub-Saharan Africa.