Captain’s Pick

Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. Business magnet Deshamanya Ken Balendra has been appointed as Chairman to head the investment committee of the recently launched private equity fund – Aureos South Asia Fund I. Aureos South Asia Fund – I (ASAsiaF-I), forms part of venture capitalist, Aureos Lanka Advisers (Pvt) Ltd. The Fund’s investment committee also includes Mahendra Jayasekera (Lanka Tiles CEO), Sev Vettivetpillai (Aureos Capital Managing Director – the London-based parent company of Aureos Lanka Advisers), and Nissanka Weerasekera (Managing Partner of Aureos Lanka Advisers).

ASAsiaF-I has a US$ 10 mn kitty to invest in Sri Lanka and Bangladesh.

In 2005, a proposed ASAsiaF- II with a target capital commitment of US$ 60 mn will expand Aureos investments into India, the firm said Wednesday.

In Sri Lanka, Aureos will look to invest in established companies with a good track record and strong management that seek expansion capital by way of equity.

In addition, Aureos will also look to finance Management Buy-Outs (