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GLP Reaches USD2.1b Final Close for China Income Fund I
Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP has reached a USD2.1b final close for its China Income Fund I. The vehicle targets investments in the logistics real estate sector in China. Read More
DEG Provides Financing to Kenyan Macadamia Producer Limbua
German development finance institution DEG has provided financing to Kenya-based macadamia nut producer Limbua to support the expansion of its production. Read More
CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital Lead USD160m Series C for Chinese Drug Developer Mabworks
CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital led a CNY1.13b (approximately USD160m) series C for China-based drug developer Mabworks, with participation from SDIC Fund, Lake Bleu Capital, BoCom International, Beijing E-Town International Investment & Development, Sealand Innovation, and Yuexiu Enterprises. Read More
Africa’s Alitheia IDF Reaches USD75m Second Close
Alitheia IDF, a joint venture fund between Nigeria-based Alitheia Capital and South Africa-based IDF Capital, has reached a USD75m second close. The vehicle targets women-led SMEs in high growth sectors in Africa. Read More
Baring Vostok Acquires Minority Stake in Russian Ecological Products Manufacturer Synergetic
Russia- and CIS-focused private equity fund manager Baring Vostok Capital Partners has acquired a minority stake in Russia-based eco-friendly detergents and cosmetics manufacturer Synergetic for an undisclosed amount. Read More
Hillhouse and Others Invest USD130m in Medical Device Developer MicroPort CardioFlow Medtech
China-focused private equity fund manager Hillhouse Capital, CPE, Lake Bleu Capital, Gamnat, China Reform Conson Soochow Overseas Fund I, Gortune Artemis Limited, and 3H Health Investment Fund have invested USD130m in MicroPort CardioFlow Medtech, a subsidiary of Hong Kong-listed medical device developer MicroPort Scientific Corporation, for a combined 10.83% stake in the company. Read More
Keppel Asia Infrastructure Fund Reaches USD570m Second Close with USD100m Commitment from AIIB
Keppel Capital, the asset management arm of Singapore’s Keppel Corporation, has reached a USD570m second close for its infrastructure private equity fund, Keppel Asia Infrastructure Fund, targeting USD1b. The Asian Infrastructure Investment Bank (AIIB) committed USD100m to the fund, with a co-investment sleeve of up to USD50m. Read More
Lightspeed Venture Partners Leads USD20m Series B for Indian AI Platform Yellow Messenger
Lightspeed Venture Partners led a USD20m series B for India-based AI platform Yellow Messenger. Lightspeed previously led the company’s Series A. Read More
General Atlantic Invests USD29m in Indian Proptech NoBroker
General Atlantic has made a USD29m follow-on investment in India-based online real estate rental startup NoBroker. This is the third investment General Atlantic has made in the company. Read More
CPPIB and OTPP Finalize Purchase of 40% Stake in Mexican Infrastructure Operator IDEAL
Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan Board (OTPP) have finalized the purchase of 40% of the shares of Mexican infrastructure operator Impulsora del Desarrollo y el Empleo en América Latina (IDEAL). Read More
Evolvere Capital Acquires Dental Clinic Network Dentix Colombia
Private equity firm Evolvere Capital has acquired Colombia-based dental clinic network Dentix Colombia for an undisclosed amount. Read More
Paladin Capital Group Leads USD2m Seed Investment for Estonian Startup Dashbird
US-based venture capital firm Paladin Capital Group led a EUR1.9m (approximately USD2m) seed investment for Estonia-based serverless application troubleshooting company Dashbird. Read More