
Washington, D.C. (August 7, 2014) - ACON Investments, L.L.C. and its affiliates ("ACON") recently announced the closing of ACON Latin America Opportunities Fund IV, L.P. (the "Fund"). The Fund closed with total commitments of US$515 million and represents ACON's fourth investment program dedicated to Latin America. The Fund was oversubscribed relative to its hard cap of $515 million due to significant demand from existing and new investors.
Limited partner commitments were secured from a diverse group of institutional investors from North America, Latin America, Europe and Asia. Among these institutions were leading sovereign wealth and pension funds, financial institutions, insurance companies, funds-of-funds and family offices.
Stanwich Advisors, LLC acted as financial advisor and placement agent for the offering. The Fund represents the fifth private equity fundraising mandate that Stanwich Advisors has successfully advised in the region. In aggregate, Stanwich Advisors has raised over $3.5 billion for private equity strategies focused on Latin America since inception.
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, São
Paulo, Rio de Janeiro and Bogotá. 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.
About Stanwich
Advisors
Founded in 2003, Stanwich Advisors, LLC is a leading independent
investment bank that focuses exclusively on providing capital
raising and advisory services to private equity firms and investors
globally. Stanwich Advisors utilizes its seasoned investment
banking and private placement team to provide senior hands-on
execution for a select number of clients each year. Since 1996, the
Stanwich Advisors Principals have raised in excess of $18 billion
for more than 40 private equity funds across a wide range of
investment strategies. For more information on Stanwich
Advisors, please visit www.stanwichadvisors.com.