Venture capitalist, Aureos Lanka Advisers, has launched a US$ 10 mn fund to invest in ongoing projects in Sri Lanka and Bangladesh.
Formerly known as Ajoyana Fund Management, Aureos plans to invest between US$ 500,000 to US$ 3 mn in a wide array of business activities, the firm said in a statement Tuesday.rn
rnThe Fund is in on the look out for expansion deals and management buyouts in profitably run firms, who also have a track record of good corporate governance.rn
rnUnder the previous management, Aureos invested US$ 10 mn to manage over 40 investments, which includes Millennium Information Technologies (MIT), Aqua Packaging (Pvt) Ltd., Hayleys MGT Textiles Ltd and Union Resorts (Pvt) Ltd.rn
rnTodate, Aureos has exited from 25 ventures including Lion Brewery, Ceylon Brewery and Associated Autoways.rn
rnThe management teams comprise of professionals with multidisciplinary skills and a collective private equity experience of over 20 years.rn
rnAureos, will also launch a US$ 60 mn regional lat