Arlon Capital Partners has launched its first Latin America-focused fund, which has a $400 million target, according to documents filed with the US Securities and Exchange Commission.
New York-based Arlon was unavailable for comment at press time.
Arlon Capital Partners is the private equity arm of Arlon Group. The unit’s mandate allows it to make investments with an indefinite holding period. It invests between $5 million and $100 million in companies ranging from expansion stage to buyout, Private Equity International previously reported.
The firm primarily targets food and agribusiness industries in North America, Europe and China, but also invests in the financial services, consumer products and media and communications sectors.
Arlon Capital Partners is led by the parent company’s operating principal Brian Anderson and managing principal Don van den Berg. The private equity unit’s latest fund was Arlon Food & Agriculture Partners, which closed on about $303 million in April 2012, according to PEI’s Research and Analytics division. Arlon Capital Partners II, a 2010 vintage, raised $300 million.
Arlon Group’s other units include Arlon Opportunities Investors, which provides invests in food and agricultural public equities and select agricultural commodity futures. The group was founded by the Continental Grain Company—an Arlon, Belgium-based grain trading firm which is one of the oldest privately held companies in the world, according to Arlon’s website.