Global private markets manager AlpInvest Partners has led a consortium of investors, including Singaporean sovereign wealth fund GIC, in a US$450 million stapled secondary investment for Southeast Asia-focused private equity fund manager Southern Capital. The investment will primarily be used to acquire stakes in Southern Capital’s Mulberry Asia Fund II,… Read More
India-based non-banking financial company Janalakshmi Financial Services has reportedly raised a funding round of approximately INR6 billion to INR7 billion (approximately US$94 million to US$110 million) from a group of investors including global private markets asset manager HarbourVest Partners. HarbourVest reportedly contributed INR2.5 billion to INR2.6 billion (approximately US$39 million… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has backed a US$189 million refinancing of Mozambique-based thermoelectric power plant developer Central Termica de Ressano Garcia (CTRG). EAIF provided a B loan totaling… Read More
Global private investment firm TPG, along with media-focused investment company Evolution Media and Africa-focused investment firm Satya Capital, has agreed to acquire a majority stake in France-based, Sub-Saharan Africa-focused online music and entertainment platform TRACE. The company, which owns and operates 30 digital and mobile services, 21 pay television channels… Read More
Western Europe- and U.S.-focused venture capital firm Partech Ventures has reached a first close for Partech Africa Fund with more than EUR57 million (approximately US$70 million) in capital commitments. Investors in the fund include development finance institutions IFC, which committed EUR15 million (approximately US$18 million), and European Investment Bank (EIB);… Read More
China-based software developer Rokid has raised a US$100 million funding round led by Singaporean sovereign wealth fund Temasek with participation from CDIB Capital, the private equity arm of China Development Financial, global venture capital firm IDG Capital and global financial services company Credit Suisse. Rokid develops advanced voice recognition software,… Read More
Global asset management firm The Carlyle Group has reportedly sold 46 million shares of Hong Kong-listed medical device manufacturer Microport Scientific for HKD8.40 (approximately US$1.07) per share, generating proceeds of HKD386 million (approximately US$49.4 million). Carlyle originally invested in the company in 2016 through Carlyle Asia Partners IV. Read More
Africa-focused private equity firm Helios Investment Partners has led a US$55 million Series D funding round for Tanzania-based rooftop solar power provider Off Grid Electric. GE Ventures, the venture capital subsidiary of General Electric, also participated in the round. The company plans to use the funds to develop new products… Read More
Mexico-focused impact investment fund manager Adobe Capital has reportedly raised US$40 million in capital commitments for Adobe Mezzanine Fund II. The fund, which will invest via mezzanine structures with royalty-based repayment terms, targets companies in Latin America that seek to solve social and environmental problems with scalable business models. Read More
Development finance institution IFC and Asia-focused credit and special situations fund manager Clearwater Capital Partners have agreed to invest US$150 million in distressed assets in Asia through special purpose vehicle DARP SPV Clearwater 2 (SPV). Clearwater will commit US$75 million in junior debt to the vehicle through Clearwater Fund V,… Read More
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