Aureos Capital Limited is a principal investment firm specializing in investments in unlisted small to medium sized businesses in emerging markets. The firm seeks to invest in change-of-control transactions, management buyouts, expansions, pre-IPO, and acquisition transactions. It does not invest in nuclear and military equipment, arms, pornography, gambling, and tobacco. The firm invests in Latin America; Africa; China, South-East Asia, and Pacific; and South and Central Asia. It typically invests between $2 million and $10 million in its portfolio companies. The firm invests in businesses which have an operating history of between three years and seven years. It seeks to target an IRR of 15 percent to over 20 percent. The firm takes a seat on the boards of directors of its investee companies. Aureos Capital Limited was founded in July 2001 and is based in London, United Kingdom with additional offices across Latin America; Africa; Asia; and Pacific Islands.