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.
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.
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.