Aureos Capital raises US$$50m from first closing of Central Asia Fund

Aureos expects the fund to have a final close at US$100 million by June 2008. The fund will seek to make investments of between US$2 million and US$10 million.

Apart from Kazakhstan, the fund will actively be looking for investments in Azerbaijan, the Kyrgyz Republic, Georgia, Tajikistan, Turkmenistan and Uzbekistan.

In 2008, Aureos said it has planned to establish the Aureos Africa Fund of about US$400 million.