5 November 2009
Issued by Aureos
EMPEA Appoints Aureos Advisers’ CEO to Its Board of Directors
• PE Executive adds global SME investing perspective
The Emerging Markets Private Equity Association (EMPEA) has appointed Sev Vettivetpillai, CEO of Aureos Advisers Ltd, to its Board of Directors.
Aureos is a leading private equity fund management company specialising in investing in small to mid-cap businesses in Asia, Africa and Latin America.
EMPEA is the industry’s global member-based association established to promote a greater understanding of and a more favourable climate for investing in emerging markets. It was founded with the belief that private equity can be a critical driver of economic growth in emerging markets while simultaneously generating strong returns for investors.
The appointment was announced during the EMPEA Board Meeting held at the occasion of the 5th Annual Emerging Markets Private Equity Forum in London on 3-4 of November 2009. Sev will become the first fund manager on the EMPEA Board having a global footprint in emerging markets that focuses exclusively on investments in small- to medium-sized businesses.
Sev Vettivetpillai brings over 15 years of private equity investment experience in emerging markets. Sev was appointed CEO of Aureos Advisers Ltd in July 2004. Prior to this, he was Chief Investment Officer. Under his direction, Aureos has increased its funds under management to over US$1.2 billion and has established 16 regional private equity funds.
Roger Leeds, Chairman of EMPEA comments: “We are pleased to have someone of Sev’s calibre joining our governing Board. His knowledge of the small to mid-cap segment in emerging markets will be an invaluable addition to EMPEA, especially since we expect investors’ interest in the SME investing space to continue to grow”
Sev comments: “I am delighted to be appointed to the Board of EMPEA. The support EMPEA provides to investors and fund managers investing in the emerging markets is very important. Aureos has been a member of EMPEA since its early days, and we have seen the association grow into a valuable platform bringing together all stakeholders involved in emerging markets private equity. I look forward to supporting EMPEA in its mission to further promote private equity investment in emerging markets.”
ENDS
AUREOS CAPITAL LTD
Aureos Capital Ltd is a private equity fund management company which specialises in providing expansion and buy-out capital to unlisted mid-cap businesses across Asia, Africa and Latin America.
Since its establishment in 2001, Aureos has increased its funds under management to over US$ 1.2 billion and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 16 regional private equity funds.
Investors in Aureos funds include institutional investors, bilateral and multilateral development finance institutions, pension funds, sovereign wealth funds, fund of funds, family offices and foundations and high net worth individuals.
EMPEA
The Emerging Markets Private Equity Association (EMPEA) is an independent, member‐based global industry association that promotes greater understanding of and a more favourable climate for private equity and venture capital investing in the emerging markets of Africa, Asia, Central/Eastern Europe and Russia, Latin America and the Middle East.
EMPEA was founded in 2004 with the belief that private equity can be a critical driver of economic growth in emerging markets while simultaneously generating strong returns for investors. EMPEA’s more than 265 members represent over 80 countries and $500 billion in assets under management.
Press Contacts:
Brigit van Dijk – Van de Reijt
Partner
Aureos Advisers Limited
Tel: +44 (0)20 7647 6804
Email: brigit@aureos.com
EMPEA: Sarah Alexander
President
Tel: +1 202 333 8171
Email: salexander@empea.net
Nick Mattison or Eszter Sebők
Mattison Public Relations
Tel: +44 (0) 20 7645 3636
Email: es@mattison.co.uk