White River Renewables, a joint venture between US private equity firm Riverstone Holdings and Switzerland-based White Summit Capital, has acquired two Mexican solar projects from Jinko Solar. The joint venture acquired the 130 MV Viborillas project in Aguascalientes and the 25 MW San Ignacio project in Yucatán. Read More
Ardian has acquired a 49% stake in two Peruvian solar power plants, namely Tacana Solar and Panamericana Solar, from Spanish renewable energy company SolarPack, which retains a controlling stake. Read more… Read More
US-based pension fund Delaware Public Employees’ Retirement System (DPERS) has committed USD30m to venture capital and private equity investment firm IDG Capital’s China Venture Capital Fund VI. Read more… Read More
Phatisa Food Fund II and a group of co-investors including DEG, Mbuyu Capital, and Norfund, have acquired Malawi-based agtech Farming and Engineering Services (FES). The consortium bought the FES stake originally held by Phatisa’s inaugural African Agriculture Fund. Read more… Read More
Southeast Asia-focused private equity fund manager Northstar Group has reached a USD260m first close for Northstar Equity Partners V, a Southeast Asia-focused fund with a target of USD800m. Read more… Read More
Hillhouse Capital has acquired a 1% stake in India-based beer maker United Breweries for USD40m. Read more… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has reached a EUR286m (approximately USD310m) final close for its third Africa fund. The vehicle targets SMEs in North, West, and Central Africa. Read more… Read More
LOGOS, CDPQ’s real estate investment arm Ivanhoé Cambridge, and Dutch institutional investor Bouwinvest reached a USD800m first close for LOGOS China Logistics Venture 4. An unnamed GCC-based (Gulf Cooperation Council) investor also partnered on the venture. Read more… Read More
UAE-based venture capital firm Shorooq Partners led a USD5.8m series A for Dubai-based virtual reality mobile app 360VUZ, with participation from KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, and 500Startups. Careem founder Magnus Olsson, Maktoob founder Samih Toukan, and former managing director of Facebook Middle East Jonathan… Read More
ADB Ventures, the VC unit of the Asian Development Bank, has reached a USD50m final close for its first impact fund with commitments from Clean Technology Fund, Nordic Development Fund, Finland’s Ministry for Foreign Affairs, and the Republic of Korea’s Ministry of Economy and… Read More
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