Private equity and mezzanine fund manager Latin American Partners (LAP) has reached a final close for its Central American Mezzanine Infrastructure Fund II with US$188.2 million in capital commitments. Investors in the fund include development finance institutions Inter-American Development Bank, acting through the Inter-American Investment Corporation, International Finance Corporation, Finnish Fund for Industrial Cooperation, FMO, Austrian development bank OeEB, the Swiss Investment Fund for Emerging Markets and Proparco, as well as Mexico’s government-backed investor Fondo de Fondos. The fund will principally target investments in infrastructure, including power, transportation, telecommunications, water and sanitation. Geographically, the fund will focus on Central America, Mexico, Colombia and the Caribbean.