“Tribeca Fund I” Reaches 115.5 Million Dollars

Bogotá, D.C., August 29, 2007 - Tribecapital Partners S.A., Investment Management Company announced that its first private equity fund, “Tribeca Fund I FCP” reached the amount of 115.5 million dollars, after finalizing the initial round of investments. With this, Tribeca has become the third largest private equity fund in Latin America among those of local origin, after GP Investments from Brazil and Southern Cross from Argentina.

With the participation of all the country’s pension and prepaid severance funds, “Tribeca Fund I FCP” as of today begins the phase to manage the funds invested. For Luc Gerard, President of Tribecapital Partners S.A., “part of our challenge was to position ourselves as an important player in the world market, drawing attention to Colombia and to Bogotá as the hub of our operations. Thanks to the support from all our investors we have fulfilled that objective. Now we have the challenge of making investments that will generate value and give local brands access to international markets.”

In addition it is very probable there will be a second and definitive closing date for investments, through an increase in capital before year-end, in which large international institutional investors will participate.

“We have always said that we would like for Bogotá to be and we are sure that it can be to Latin America what London is to Europe, a channel for investments reaching the continent. I think that Colombia, by demonstrating that this type of investment opportunity is viable, opening new business options and facilitating the development of local companies, is traveling the right road,” added Luc Gerard.

As of today, the company begins the management period for the invested resources, making long term investments. On this point Luc Gerard stated that the “investments have to be focused on aggressive development, including international markets. For this reason we look for projects with recognized brands, leaders in their market niche with great human resources that are highly skilled and results-oriented.”