GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Khwarizmi Ventures Reaches USD70m Second Close for MENAP Fund
Khwarizmi Ventures reached a USD70m second close for its current fund targeting early-stage investments in startups across the Middle East, North Africa and Pakistan region. Read More
Coller Capital Reaches USD1.4b Final Close for Private Credit Secondaries Fund
Coller Capital reached a USD1.4b final close for Coller Credit Opportunities I, its first private credit secondaries fund. Read More
Tiger Global and Sequoia Capital Lead USD250m Round for India’s Chargebee
Tiger Global and Sequoia Capital led a USD250m round for US- and India-based subscription management platform Chargebee at a reported USD3.5b valuation. Read More
XP Invests ~USD9m in Brazil’s BR Supply
XP invested BRL48m (~USD9m) in the form of convertible debentures in Brazil-based corporate supply company BR Supply. XP previously invested BRL92m (~USD17m) in convertible debentures, bringing its total commitment to BRL140m (~USD26m). Read More
IFC and Endure Capital Lead USD25m Series A for Egypt’s Brimore
IFC and Endure Capital led a USD25m Series A for Egypt-based social commerce platform Brimore, with participation from Fawry, Flourish Ventures and Endeavor Catalyst Fund, and follow-on from Algebra Ventures, Disruptech, Khawarizmi Ventures and Vision Ventures. Read More
Riverwood Capital and SoftBank Lead ~USD93m Round for Brazil’s Gupy
Riverwood Capital and SoftBank led a ~USD93m round for Gupy, a Brazil-based, AI-powered recruiting platform, with follow-on from Oria Capital, Endeavor Catalyst and MAYA Capital. Read More
Lightrock India Leads USD55m Series B for India’s Scaler
Lightrock India led a USD55m Series B for India-based upskilling platform Scaler at a USD710m reported valuation, with follow-on from Sequoia India and Tiger Global. Read More
Kleoss Capital Reaches USD38m First Close for South Africa PE Fund
Kleoss Capital reached a ZAR600m (~USD38m) first close for its Kleoss Fund II targeting investments in mid-market companies in South Africa. The fund has a ZAR1b (~USD64m) target. Read More
Norrsken Reaches USD110m First Close for African Tech Fund
The Norrsken Foundation reached a USD110m first close for its Norrsken22 African Tech Growth Fund targeting investments in growth-stage startups hailing from Africa. The fund has a target of USD200m. Read More
Blackstone Reaches USD11b Final Close for Second Asia Fund
Blackstone reached a USD11b final close for its second Asia-focused private equity fund. The firm raised USD6.4b and received an additional USD4.6b from Blackstone global funds. Read More
Tiger Global and Alpha Wave Lead USD165m Series E for India’s DealShare
Tiger Global and Alpha Wave Global led a USD165m Series E for India-based social commerce startup DealShare, with participation from Dragoneer Investments Group, Kora Capital and Unilever Ventures, at a reported USD1.6b valuation. Read More
BlackRock’s Global Renewable Energy Fund III to Invest USD200m in Chilean Solar Assets
BlackRock Real Assets, through its Global Renewable Energy Fund III, agreed to invest up to USD200m in a 435 MW portfolio of solar projects in Chile. Read More