Mexico-based digital bank albo has raised USD19 million in an extension to its Series A funding round led by Valar Ventures, a fintech-focused venture capital firm. albo initially raised USD7.4 million in Series A funding from Mountain Nazca, Omidyar Network, and Greyhound Capital in December 2018. The company plans to… Read More
SSG Capital Management, an Asia-focused private credit fund manager, has closed its fifth fund, SSG Capital Partners V, and a sidecar vehicle with USD2.7 billion in total commitments. Investors in the fund include Virginia Retirement System, which committed USD150 million in December 2018, and Pennsylvania Public School Employees’ Retirement System,… Read More
m.Paani Solutions, an India-based provider of retail digitization services, has received USD5.5 million in a Series A funding round led by AC Ventures, HenkelX Ventures, Candy Ventures, and angel investors Kevin Aluwi and Suvir Varma. Existing investors Chiratae Ventures and Blume Ventures also participated. m.Paani was founded in 2014 and… Read More
Brazil-based financial services company XP has raised USD2 billion in its initial public offering (IPO) on Nasdaq. The offering consisted of approximately 42.5 million primary Class A shares and 30 million Class A shares sold by XP’s existing backers at a price of USD27 per share. Global private equity fund… Read More
Apis Partners, an Africa- and Asia-focused private equity fund manager focused on financial services and fintech opportunities, has reached a final close for its second fund with USD563 million in capital commitments. Investors in the fund include global banks, funds of funds, pension funds, sovereign wealth funds, family offices, insurance… Read More
Indonesia-listed satellite television company MNC Vision Network has agreed to acquire a majority stake in Indonesia-listed fixed broadband and cable television provider Link Net from its parent company First Media and private capital fund manager CVC Capital Partners. CVC first acquired a stake in Link Net through the purchase of… Read More
Circulate Capital, a South Asia- and Southeast Asia-focused investor in ocean plastic prevention, has reached a USD106 million first close for Circulate Capital Ocean Fund. Investors in the fund include multinational corporations PepsiCo, Procter & Gamble, Dow Chemical Company, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company. The… Read More
Global venture capital firm Sequoia Capital has reached a final close for its latest China-focused funds with USD2.35 billion in aggregate commitments. Sequoia Capital China Growth Fund V raised USD1.8 billion from 130 investors while Sequoia Capital China Venture Fund VII secured USD549.5 million from 128 investors. This latest fundraise… Read More
Global private markets asset manager Hamilton Lane has reached a final close for Hamilton Lane Brazil Fund II with BRL250 million (approximately USD59 million) in capital commitments. Investors in the fund include Brazil-based public and private pension funds and high-net-worth individuals. The fund will invest in primary, secondary, and co-investment… Read More
Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a Czech Republic-based industrial group. Jet originally invested in MSV Metal Studénka, which produces custom forgings and components for rail vehicles,… Read More
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