Latin Renewables Infrastructure Fund

Latin Renewables Infrastructure Fund (LRIF) is a private equity fund to invest in the growing renewable power and energy efficiency sectors of Latin America and the Caribbean(“LAC” or the “Target Region”). LRIF is managed by Real Infrastructure Capital Partners LLC, an independent fund management firm based in New York. REAL’s Latin Renewables Infrastructure Fund is one of the very few private equity renewable energy funds exclusively focused in the LAC.

REAL’s Latin Renewables Infrastructure Fund was able to achieve a strong first closing in July 2012 with active support from its anchor investors: DEG, FMO, IFC and SIFEM. The participation of these influential institutions as investors further enhances the fund’s stature within its target markets. In 2013, LRIF reached its final close with additional investments from other institutional investors, governments and DFIs, bringing the final fund's size to $120 million.

LRIF's investments will initially focus on Central America, Peru, Colombia, Caribbean, Mexico and Brazil. Target sectors are renewable power generation and energy efficiency for investments in operating, expansion, brownfield and construction stage projects and greenfield mid and late projects.

The investment size will be from US$5 million to US$ 25 million, to create a portfolio of 8-12 investments.

Financial description

REAL seeks to provide investors with superior risk adjusted returns, while addressing important regional energy and economic development challenges, and global environmental sustainability initiatives. The Fund invests in control and non-control equity interests in high-growth, asset-based, capital-intensive segments of the renewable energy spectrum, including, but not limited to: hydro, geothermal, solar, wind, and biomass, as well as energy efficiency projects and companies. While targeting the LAC region, the Fund focuses on those countries that provide an optimal mix of supply and demand dynamic, policy support and investor protections, including Central America, select Caribbean countries ,Mexico, Brazil, Colombia and Peru.