Asian private equity fund of funds Asia Alternatives Management has held a final close with more than US$1.8 billion in commitments for Asia Alternatives Capital Partners IV (AACP IV) and its related fund vehicles (collectively Fund IV). AACP IV—the largest of the funds–along with its sleeve fund AACP IV Ex-Japan… Read More
Vietnam-based restaurant operator Huy Vietnam Group has raised US$15 million in a Series C investment round led by Templeton Asset Management, a financial services subsidiary of Franklin Templeton Investments. Other investors in the round included private equity firm Welkin Capital, as well as family office Prosperous Alliance. Templeton’s investment in… Read More
SCL Energia Activa, a Latin America-focused investor in energy- and power-related assets, has reached a final close for its Americas Energy Fund II with capital commitments of US$247 million. Investors in the fund included family offices, funds of funds, pension funds, endowments and sovereign wealth funds. Latin America-based investors committed… Read More
East Africa Capital Partners (EACP), a venture capital fund manager focused on the technology, media and telecommunications sectors in the greater Eastern Africa region, is deploying KES4.6 billion (approximately US$48.4 million) to set up data centers in Kenya and Tanzania. EACP expects the projects in Mombasa and Dar es Salaam… Read More
CITIC Capital Partners, the private equity arm of CITIC Capital, has exited its entire holding in China Cinda Asset Management, a China-based non-performing loan manager. CITIC has sold its remaining 1.96 percent stake in the company for HKD1.1 billion (approximately US$141 million). In March, CITIC exited a 3.28 percent stake… Read More
Global private equity firm Warburg Pincus has fully exited its 27 percent stake in Metropolis Healthcare, an India-based pathology diagnostic laboratory company, for US$90 million to the Shah family, promoters of the company, who were supported in the buyback by global investment firm KKR. Details regarding KKR’s involvement in the… Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, has closed a US$15 million loan to SA Taxi Development Finance, a South Africa-based mini-bus taxi finance provider. The loan was structured through Cordiant Emerging Loan Fund IV and is part of a six-year, US$36 million multi-currency loan facility with… Read More
Venture capital firm 500 Startups and the venture arm of Japan-based e-commerce firm DeNA have participated in a seed investment round for two companies: Zeemi.tv, an Indonesia-based live-streaming entertainment company, and Blisby, a Thailand-based online marketplace for handicrafts. Zeemi.tv raised more than US$1 million and will use the fresh investment… Read More
ANI Technologies, operator of India-based taxi-booking platform Ola, has raised INR19.5 billion (approximately US$313 million) in a round of funding led by global venture capital firm DST Global, which contributed INR11.5 billion (approximately US$185 million). Other participants in the round included global investment firm Tiger Global, hedge fund Steadview Capital… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has invested US$2.1 million in European Foods Africa, a Kenya-based food distribution and processing firm that sells pizzas, berries and fresh juice. The company intends to use the new investment to expand its business within Kenya. Read More
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