Aureos South-East Asia Fund

  • Region: Asia & Pacific
  • Country: Regional
  • Sector: Investment funds
  • Year: 2004
  • Domicile: Mauritius
  • Instrument: Fund
  • Commitment (MNOK) as of 31.3.2017: 15.7
  • Original Commitment (MNOK): 120.1

Aureos South East Asia Fund (ASEAF) offers risk capital to small- and medium-sized enterprises in Thailand, the Philippines, Indonesia and Vietnam.

Local teams in each country check on the enterprises. Good investments in the four countries have produced useful experience and a positive development for the investment enterprises. This has served as a good basis for providing capital to the next fund that Aureos manages in the region - ASEAF II.

CDC, FMO and ADB are our largest co investors.

 

Aureos Capital Limited (Aureos)

Aureos Capital Limited (Aureos) was established in July 2001 as a joint venture between the CDC and Norfund. The objective of the joint venture was to create a strong fund manager in a market where there were no strong players, and to enabling the mobilisation of capital to develop countries far beyond what Norfund and CDC could do alone.

Aureos grew to be a global leading SME PE fund manager in emerging and developing markets. By delivering good financial results over time, Aureos succeeded in attracting an increasing proportion of private capital to the funds. Today, ‘non-DFI investors’ (including corporates, family offices, financial institutions and pension funds) is the Fund’s largest investor category. The DFI’s additional role as an investor base of the Aureos funds, as well as owners of the fund manager, diminished accordingly over time. Today, Aureos is incorporated in the  Abraaj Capital, a leading private equity investor in emerging markets.

Norfund exited Aureos Capital in 2009, but continues as an investor in the funds.

Indirect investments

Investee Sector Country
Cirtec Electronics Communication Philippines
Eurotech Engineering Manufacturing Thailand
Hot Pot Public Company Other services Thailand
Mercado General Hospital Inc Health Philippines
Pancake House Other services Philippines
PT Champ Resto Indonesia Other services Indonesia
PT Pamindo Tiga Wholesale and retail Indonesia
PT Tirta Marta Manufacturing Indonesia
PT Yupi Indo Jelly Other services Indonesia
Unitrio Technology Communication Thailand
Vejthani Health Thailand
Vinta Systems Communication Philippines
Crossland Logistics Co Other industrial partnerships Thailand
KPN Academy Education Thailand
Orca Global Pte Ltd Education Indonesia
P.T. ODG Indonesia Other industrial partnerships Indonesia
Singapore International School Education Singapore
Wine Connection Wholesale and retail Thailand
Ninja Logistics Pte Ltd Other industrial partnerships Singapore
PSGourmet Other services Singapore
Marsun Company Limited Other industrial partnerships Thailand
Tran Anh Digital World Joint Stock Compa Communication Vietnam
HBC INC Wholesale and retail Philippines
Vietnam-USA Society English International Education Vietnam

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo