Global private equity firm Warburg Pincus has reached a final close on its latest global fund, Warburg Pincus Private Equity XII, with US$12 billion in capital commitments. Investors included public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals, with considerable participation from investors outside… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
Canadian pension funds Ontario Teachers’ Pension Plan (Teachers) and Public Sector Pension Investment Board (PSP Investments) and retail and commercial bank Banco Santander have formed Cubico Sustainable Investments, a United Kingdom-based firm established to manage and invest in renewable energy and water infrastructure assets globally. The firm, owned equally by… Read More
Key findings from the 2015 LP Survey: Over the next two years, 33% of LPs* plan to increase the percentage of their total PE allocation targeted at emerging markets (versus 41% in the 2014 survey), and 47% of LPs* anticipate increasing the dollar value of new commitments to EM… Read More
TPG Growth, the middle market and growth equity investment platform of global private investment firm TPG, has reached a final close for TPG Growth Fund III with more than US$3 billion in capital commitments. The fund, which surpassed its initial target of US$2.75 billion, has an investor base including public… Read More
Global alternative asset manager The Carlyle Group has sold its remaining 5.24 percent stake in China-based home appliance manufacturer Haier Electronics Group for HKD3.3 billion (approximately US$424.4 million). Carlyle sold 140 million shares at HKD23.50 (approximately US$3.03) per share on the Hong Kong Stock Exchange. The firm initially invested in… Read More
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in emerging markets, has reached a first close for Bamboo Financial Inclusion Fund II with US$31 million in capital commitments. Investors in the first close included financial services company TIAA-CREF and asset management company… Read More
Global energy-focused private equity firm Denham Capital has sold its stake in Fotowatio Renewable Ventures (FRV), a global solar development company with a portfolio spanning Australia, the Middle East, Africa and Latin America, to Abdul Latif Jameel Energy and Environmental Services, the energy and environmental services arm of Saudi Arabia-… Read More
Investment company Sustainability | Finance | Real Economies (SFRE) has reached a first close with US$40 million in capital commitments for SFRE Fund, an open-ended impact fund focusing on the financial sector. The fund seeks to invest globally in banks that deliver sustainable economic, environmental or social impact. Investors included… Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, has reached a final close on its emerging markets-focused debt vehicle Cordiant Emerging Loan Fund IV with US$350 million in capital commitments. Investors included pension funds and insurance companies. The fund will focus on senior secured loans and has a… Read More
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