Asia-focused alternative asset manager Baring Private Equity Asia (BPEA) has reportedly acquired a majority stake in USA Society English Centres (VUS), a Vietnam-based chain of English language training centers. The company operates 20 centers across Vietnam, enrolling approximately 200,000 students annually. Financial details of the transaction were not disclosed. Read More
Asia-focused direct secondaries fund manager NewQuest Capital has reached a final close for NewQuest Asia Fund IV with USD1 billion in commitments. Investors in the fund include endowments, pension funds, sovereign wealth funds, insurance companies, financial institutions, and family offices across Asia, North America, Europe, and the Middle East. In… Read More
Africa-focused private credit fund manager Vantage Capital has exited its investment in Genser Energy, a US-based company that provides distributed power generation services to industrial and mining companies in Ghana. Vantage exited Genser to a consortium consisting of Africa-focused trade finance firm Barak Fund Management and South Africa-based banks Standard… Read More
Global venture capital and growth equity investment firm Norwest Venture Partners has reached a final close for Norwest Venture Partners XV with USD2 billion in capital commitments. The fund will make seed-to-late-stage investments in consumer, enterprise, and health care companies based in North America, India, and Israel. Read More
Jamaica-focused investment holding company PanJam Investment and Caribbean-focused fund manager Portland Private Equity have agreed to each acquire a 15 percent stake in Outsourcing Management, a Jamaica-based business process outsourcing company operating under the brand itelpo. The company offers voice and digital contact center and customer experience management services in… Read More
Global growth markets investor Actis, through its Azura Power platform, and Africa-focused infrastructure investor Africa50 have completed an investment in Senegal-based Tobene Power. The 115-megawatt Tobene Power plant was previously part of the development portfolio of Lebanon-based Melec Power Gen (MPG). Actis and Africa50 plan to convert the Tobene plant… Read More
China-based electric vehicle manufacturer Xpeng Motors has secured USD400 million in a Series C financing round led by China-based electronics producer Xiaomi. Other investors in the funding round reportedly include the company’s existing shareholders, such as venture capital fund managers Morningside Ventures and Matrix Partners. The company, which recently released… Read More
China-focused private equity firm Primavera Capital Management has reached a final close for Primavera Capital Fund III with USD3.4 billion in capital commitments. Investors in the fund include Taiwan Life Insurance and US-based pension funds Pennsylvania State Employees’ Retirement System, New York State Teachers’ Retirement System, and Texas Permanent School… Read More
US-based global payments company Visa has agreed to acquire a minority stake in Nigeria-based digital payments processing and switching services provider Interswitch, facilitating a partial exit for Africa-focused private equity fund manager Helios Investment Partners. Helios originally invested in the business in 2010 and sold a partial stake to global… Read More
India-focused venture capital firm Windrose Capital has reached a first close for The Next Billion Fund with USD30 million in capital commitments. Investors include individual entrepreneurs operating in a variety of industries. The fund has already reportedly completed three investments and will target seed and early-stage funding rounds for companies… Read More
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