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NBK Capital Reaches First Close for USD300m Middle East Credit Fund
NBK Capital Partners has reached an undisclosed first close for its latest shariah credit fund anchored by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. The vehicle, which has an initial target of USD300m, will provide capital to mid-market companies in the Middle East. Read More
General Atlantic Leads USD65m Series A for Mexican Grocery Delivery Startup Jüsto
General Atlantic led a USD65m Series A for Mexico-based grocery delivery startup Jüsto, with follow-on from existing investors including Foundation Capital and Mountain Nazca. Read More
Genesis Capital Reaches USD48m Final Close for CEE Growth Fund
Czech Republic-based PE firm Genesis Capital has reached a EUR40m (approximately USD48m) final close for its first growth fund targeting investments in CEE. Read More
Mubadala Acquires Brazil’s RLAM Refinery from Petrobras for USD1.65b
Mubadala Investment Company has acquired Brazil-based refinery Refinaria Landulpho Alves (RLAM) from Brazilian state-owned oil company Petrobras for USD1.65b. Read More
IDG Capital and Trustbridge Partners Lead USD390m Series A for Chinese Edtech Fenbi
IDG Capital and Trustbridge Partners led a USD390m Series A for Fenbi, a China-based vocational education platform, with participation from investors including China Renaissance’s Huaxing Growth Capital, CITIC Private Equity, Hony Capital, and Legend Holdings. Read more here and h Read More
Cerberus and Rockstone Real Estate Commit USD25m to Develop Residential Business Project in Ethiopia
Cerberus Capital Management and Rockstone Real Estate have committed USD25m to develop a residential building in Addis Ababa’s Signal district in Ethiopia. Read More
AnaCap Sells Czech Digital Banking Platform Equa Bank to RBI
AnaCap Financial Partners has sold Equa Bank, a Czech Republic-based digital banking platform focused on individuals and SMEs, to Raiffeisen Bank International (RBI). Read More
Florida SBA Commits USD150m to Actis Energy 5
Florida State Board of Administration (SBA) has committed USD150m to Actis Energy 5, an infrastructure fund managed by Actis and targeting investments in Asia, Africa, and Latin America. Read More
Igah Ventures Reaches USD130m Final Close for Brazil VC Fund
Igah Ventures has reached a USD130m final close for its latest Brazil-focused VC fund. SoftBank is among the investors in the fund. Read More
Mastercard Foundation Commits USD10.5m to I&P’s Education to Employment Fund
The Mastercard Foundation has committed USD10.5m to I&P Education to Employment (IP2E) Fund, which will support businesses in the education sector in Côte d’Ivoire, Ghana, and Senegal. Read More
TR Capital Reaches USD350m Final Close for Asia Secondaries Fund
TR Capital has reached a USD350m final close for TR Capital Fund IV, surpassing its initial target of USD300m. The vehicle will focus on opportunities in the secondaries industry in Asia, with a focus on China. Read More
IFC and IFC AMC to Invest USD15m in South African Payment Platform Adumo
IFC and IFC Asset Management Company have agreed to invest up to USD15m in South Africa-based payment platform Adumo. Read More