ACON Investments, a private equity investment firm focused on the middle market in the United States and Latin America, has reached a final close on its most recent Latin America-focused middle market fund, ACON Latin America Opportunities Fund IV (ALAOF IV), with US$515 million in capital commitments. ALAOF IV, which was oversubscribed, is a pan-regional fund with a mandate to invest primarily in private or thinly traded public companies. Investors included sovereign wealth and pension funds, insurance companies, development banks and family offices.