Asia-focused private equity fund manager ShawKwei & Partners has reportedly reached a final close for its fourth pan-Asia investment vehicle, Asia Value Fund 2017, with US$812 million in capital commitments. Investors in the fund include insurance companies, family offices and other institutional investors based primarily in North America and Europe. Read More
Africa-focused private investment firm Helios Investment Partners has invested in Morocco-based higher education group KMR Holding Pédagogique. Helios will partner with KMR to support its development in Morocco and throughout francophone Africa, as well as to establish a student housing platform in the region. KMR provides tertiary education to more… Read More
India-focused venture capital firm Iron Pillar Capital Management has reached a final close for its debut fund with US$90 million in capital commitments. Investors in the fund, which raised around 65 percent of its capital from offshore investors, include the Overseas Private Investment Corporation, Small Industries Development Bank of India… Read More
Impact investment fund manager responsAbility Investments has acquired a minority stake in Suminter, an India-based supplier of organic food products from Asia and Africa. The company will use the funds for working capital financing and to expand its operating capacity. Separately, responsAbility and Germany-based distributed solar energy developer REDAVIA have… Read More
Southern Africa-focused alternative investment fund manager Ethos and Eskom Pension & Provident Fund (EPPF) have acquired a majority stake in South Africa-based Gammatek. Ethos acquired a 51 percent stake through Ethos Mid Market Fund I, with EPPF acquiring a further 9 percent stake. Gammatek distributes consumer electronics and technology accessories,… Read More
Pan-African private equity fund manager AfricInvest has reached a second close for FIVE, a financial-services focused evergreen investment platform, with EUR61 million (approximately US$70 million) in capital commitments. New investors in the fund include the Central Bank of Kenya Pension Fund and development finance institutions Norfund and IFU. FMO and… Read More
Global alternative asset manager KKR has reportedly sold its 4.7 percent stake in Vietnam-based conglomerate Masan Group to Singaporean sovereign wealth fund GIC and other unnamed investors for US$209 million through a secondary offering. KKR originally invested US$100 million in Masan Group in 2017. Separately, KKR and China-based internet and… Read More
India-focused private equity fund manager Gaja Capital has invested INR750 million (approximately US$10 million) in India-based KOOH Sports. The company provides various youth sports development and talent scouting programs in India and the United Arab Emirates. Gaja plans to integrate KOOH into its existing sports management portfolio company SportzVillage. Read More
Africa-focused private equity fund manager Phatisa has reached a first close for Phatisa Food Fund 2 with approximately US$122 million in capital commitments. Phatisa will continue to focus on investment opportunities in farm mechanization, agricultural inputs, poultry and meat production, food processing, logistics and food distribution across Sub-Saharan Africa. The… Read More
Global multi-strategy private equity firm Siguler Guff & Company has raised US$309 million for Siguler Guff Brazil Special Situations Fund. Investors in the fund include the University of Michigan Regents, which committed US$100 million. The fund will invest in legal claims against Brazilian government entities. Read More
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