Marc Frishman – Partner
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Marc Frishman – Partner (212) 485-8904 [email protected] www.conduitcap.com. LEADERS IN LATIN AMERICAN PRIVATE EQUITY INVESTMENT. Conduit Capital Partners, LLC Previously Scudder Latin American Power Group – has managed the Latin Power Funds for over 15 years

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Marc Frishman – Partner (212) 485-8904 [email protected] conduitcap

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Marc frishman partner 212 485 8904 marc frishman conduitcap conduitcap

Marc Frishman – Partner

(212) 485-8904

[email protected]

www.conduitcap.com


Leaders in latin american private equity investment

LEADERS IN LATIN AMERICAN PRIVATE EQUITY INVESTMENT

  • Conduit Capital Partners, LLC

    • Previously Scudder Latin American Power Group – has managed the Latin Power Funds for over 15 years

    • Spun off from DB Capital Partners (Deutsche Bank) – 2003

  • Latin Power Funds

    • Fund I – US$ 100 million - 1993

      • 7 projects

      • Net IRR = 11%

      • 2.1 X Capital

    • Fund II – US$ 157 million - 1998

      • 11 projects

      • Net IRR = 18%

      • 2.5 X Capital

    • Fund III – US$ 393 million - 2006

      • 3 investments made to date

      • 1 exit @ 40% IRR

      • 1 pending exit @ 30% IRR


Investment strategy

Investment Strategy

  • Private equity investment in the independent electric power and infrastructure sector in Latin America and the Caribbean.

  • Majority ownership and control of the project company.

  • Significant basic infrastructure needs throughout the region and lack of local capital.

  • Infrastructure assets produce current income – success of investment is not contingent on exit.

  • Mitigate currency risk – revenue contracts in US$ or based on prices that are US$ linked.

  • Construction and Operational risk mitigation through project finance structure. Contracts with creditworthy entities.


Conduit capital investments

Exited

Mamonal – Cartegena, Colombia 90 MWs

Jamaica Energy Partners – Old Harbor, Jamaica 74 MWs

Aguaytia – Aguaytia, Peru 160 MWs

Termovalle – Cali, Colombia 199 MWs

Mexhidro – Western Mexico 52 MWs

Termocabo – Recife, Brazil 48 MWs

Energia de los Lagos – Osorno, Chile 86 MWs

El Cosa – Puerto Cortez, Honduras 80 MWs

Orzunil – Zunil, Guatemala 24 MWs

Current Holdings

Southern Cone (Edegel) – Lima, Peru 1,000 MWs

Green Energy – Queretaro, Mexico 65 Km nat gas pipeline

SOGAP Cogeneration - Mexico

Conduit Capital Investments


Lp ii mexhidro investment portfolio of 3 hydroelectic plants in mexico

LP II - Mexhidro Investment Portfolio of 3 Hydroelectic Plants in Mexico

  • Greenfield Development – Three plants (52 MWs)

  • Sold to Enel (Italy) – December 2007

  • 42% IRR

  • 5x Invested Capital


Lp iii green energy libramiento 65 km natural gas pipeline

LP III - Green Energy Libramiento 65 km Natural Gas Pipeline

  • US$ 100 million total project cost

  • 70% long-term project debt financing

  • Turn-key, lump-sum, date-certain EPC

  • Three phase construction

  • Phase II completion November 2006

  • Long term contract in US$ with Pemex


Sustainable environmental investing

Sustainable Environmental Investing?

  • Invest vb 1: to commit (money) in order to earn a financial return - Merriam Webster’s Collegiate Dictionary

  • All Conduit projects must comply with World Bank Environmental and Social Guidelines.

  • 40% of portfolio investments have been in renewable assets – Hydro, Geothermal.

  • We will continue to invest in sustainable environmental projects that meet our return criteria.

  • No shortage of global investors for sustainable environmental projects that offer an adequate return.


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