SEAF Funds Complete Exit from Peruvian Hydropower Plant Investments (Latin America and the Caribbean)

Source: SEAF

U.S.-based global growth capital investor Small Enterprise Assistance Funds (SEAF) recently announced that three SEAF-managed Latin American funds have exited their investment in Peruvian power plant operator Hidroeléctrica Santa Cruz (HSC) in February 2012 through a strategic sale to a Brazilian renewable energy developer. Fondo Transandino Peru, Fondo LATAM Peru and LATAM Growth Fund first invested in HSC in December 2007, collectively committing US$10.6 million to the project. Financial terms of the transaction were not disclosed.