IFC to Invest USD20m in HMC Andean Private Debt Investment Fund
IFC has agreed to invest USD20m in HMC Deuda Privada Andina, a private debt fund which will provide financing to mid-sized companies in Colombia, Peru and Chile. Read more… Read More
Samurai Incubate Reaches ~USD18.6m Final Close for Africa VC Fund
Japan-based VC Samurai Incubate has reached a JPY2b (~USD18.6m) final close for its Samurai Africa 2nd General Partnership fund. The vehicle will target investments in fintech, insurtech, logistics, healthtech, consumer and commerce, energy, agtech, mobility and entertainment in Africa. Read more… Read More
Centurium Capital Leads USD250m Investment in Chinese Coffee Chain Luckin Coffee
Existing investors Centurium Capital and Joy Capital have invested USD240m and USD10m respectively in China-based coffee chain Luckin Coffee. Read more… Read More
Genesis Alternative Reaches USD80m Final Close for Southeast Asia Venture Debt Fund
Genesis Alternative Ventures has reached a USD80m final close for its Genesis Alternative Ventures Fund I (GAVF-I), a venture debt vehicle focused on Southeast Asia. To date, GAVF-I has invested over USD30m in 12 companies. Read more… Read More
Silver Lake to Invest USD800m in UAE’s AI and Cloud Computing Company Group 42
Silver Lake has invested USD800m for a minority stake in UAE-based artificial intelligence and cloud computing company Group 42. Read more… Read More
Finnfund Commits USD26m to DPI ADP III
Finnfund has committed USD26m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
KJK Acquires Lithuanian Heavy Equipment Provider Alwark
CEE-focused PE firm KJK has acquired a majority stake in Alwark Group, a Lithuania-based provider of heavy machinery and warehouse equipment, for an undisclosed amount. Read more… Read More
SoftBank and Blackrock Lead USD640m Series E for Singaporean Computer Vision Company Trax
SoftBank Vision Fund 2 and existing investor BlackRock led a USD640m Series E for Trax, a Singapore-based computer vision company focused on retail, with participation from OMERS and IGV’s Sony Innovation Fund. Read more… Read More
Grab to List on Nasdaq Through SPAC Merger with Altimeter
Singapore-based super app Grab is set to list on the Nasdaq through a SPAC merger with Altimeter Capital Management in a deal that could value the startup at ~USD39.6b, with an additional ~USD4b PIPE deal in the works. Investors in the PIPE include BlackRock, Counterpoint Global, T. Rowe… Read More
Moshesh Partners Reaches First Close for Renewable Energy & Clean Infrastructure Fund
South Africa-based Moshesh Partners has reached an undisclosed first close for its Renewable Energy & Clean Infrastructure Fund. The vehicle has an initial target of ZAR2b (~USD137m) and plans to invest in large-scale renewable energy projects and clean infrastructure in sub-Saharan Africa. Read more… Read More
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