With committed resources of USD 254 million LAEF I closed in 1995 while LAEF II closed in 1998 with committed resources of USD 153 million. They were multisectoral and pan-regional funds that invested in Mexico, Brazil, Argentina, Chile, Colombia, Peru, and Venezuela. They had positive returns for their investors, compared to negative returns of funds from the same period focused on the region.
Latin America Enterprise Fund Managers L.L.C. is one of the pioneers in managing private equity funds in Latin America with USD 783 million of cumulative committed resources since 1995 (6 funds). LAEFM Colombia Ltda. is a subsidiary of LAEFM and manages funds which invest in priority sectors of the Colombian economy, hydrocarbons and forestry.