Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a first close for Kotak Special Situations Fund with USD625 million in capital commitments. The fund received a USD500 million anchor commitment from the Abu Dhabi Investment Authority. Kotak Special Situations Fund will invest in non-performing loans… Read More
China-based delivery services company Lalamove has secured USD300 million in a two tranches Series D funding round led by China-focused private equity fund manager Hillhouse Capital and global venture capital firm Sequoia Capital. Other participants in the round include private equity and venture capital fund managers Eastern Bell Venture Capital,… Read More
Asia-focused credit and special situations fund manager Clearwater Capital Partners has reportedly held a first close for Clearwater Capital Yield Fund. Asset manager Fiera Capital Corporation made an anchor commitment of USD50 million to the vehicle, which has a target of USD300 million in total commitments. The fund will invest… Read More
Central Europe-focused private debt and growth capital investor Syntaxis Capital has exited its investment in Polflam, a Poland-based fire-resistant glass manufacturer, as part of family office Baltisse’s acquisition of the business. Syntaxis originally funded a leveraged recapitalization of Polflam by the company’s founders in 2014. Financial details of the transaction… Read More
Solar energy financing firm SunFunder has reached a first close for Solar Energy Transformation Fund with USD42.5 million in capital commitments. Investors in the fund include the Overseas Private Investment Corporation, which committed USD25 million; Calvert Impact Capital, which committed USD7.5 million; and Ceniarth and the IKEA Foundation, which each… Read More
Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Bambi, a Serbia-based snack food manufacturer, to Coca-Cola Hellenic Bottling Company for EUR260 million (approximately USD294 million). Mid Europa originally acquired the company in 2015. The sale is subject to customary competition authority approval and is… Read More
Global alternative fund manager Spruceview Capital Partners has raised USD300 million through the Series A issue of a Certificado de Proyectos de Inversión (CerPi) offering on the Mexican Stock Exchange (BMV). The fund, which listed under the ticker symbol SVPI 19, has the option to raise an additional USD700 million… Read More
Global private equity firm Zephyr Management has led an INR550 million (approximately USD8 million) investment in India-based education finance company Shiksha Finance. India-focused venture capital fund manager Aspada Investment Advisors and the Michael & Susan Dell Foundation also participated in the funding round. The company—which offers school fee loans to… Read More
China-focused life sciences investment fund manager Lilly Asia Ventures has closed LAV Biosciences Fund V at its hard cap of USD750 million. Investors in the fund include US-based pension funds SFERS and LACERA, which committed USD40 million and USD100 million, respectively. Separately, Lilly also joined GIC, LYFE Capital, CMB International… Read More
Colombia-based low-cost online grocery delivery platform Merqueo has secured USD14 million in a Series A funding round led by Caribbean- and Central America-focused fund manager Portland Private Equity. Endeavor Catalyst, an impact investing non-profit organization, also participated in the round. The company delivers groceries to customers in Bogotá and Medellín… Read More
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