Southeast Asia-focused private equity firm Credence Partners has reached a USD50m first close for its debut VC fund. The vehicle, targeting USD100m, will invest in early-stage companies operating in financial technology, deep technology, consumer, logistics, and mobility. Read more… Read More
Indonesia-based ride-hailing company Gojek has secured USD1.2b for its Series F, closing the funding round with just under USD3b in capital commitments. No investor names have been disclosed. Read more… Read More
The Blackstone Group has increased its stake in Indian software services firm Mphasis from 52.2% to 56% via the purchase of an additional 6.97m shares. Blackstone originally invested in Mphasis in 2016. Read more… Read More
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m investment in India-based microlender SmartCoin. Existing investors Unicorn India Ventures and Accion Venture Lab also participated in the round. Read more… Read More
The SoftBank Vision Fund and RA Hospitality Holdings have invested USD806m in Oravel Stays’ online hospitality firm Oyo. The investment is part of a USD1.5b capital raise. Read more… Read More
VTRM Energia, a joint venture between Votorantim Energia and The Canada Pension Plan Investment Board (CPPIB), has received authorization to acquire 14 wind projects in Brazil. Read more… Read More
The African Development Bank’s Facility for Energy Inclusion fund has reached a USD160m first close. The African Development Bank provided USD90m, the European Commission and the German Development Bank KfW each committed USD25m, while Norfund invested USD23m. The fund, targeting USD400m, aims to improve energy access… Read More
Private investment fund manager One Thousand & One Voices (1K1V) has announced a recapitalization of Lesotho-based aquaculture company SanLei. As part of the transaction, Mergence Investment Managers has acquired a significant minority stake in the company on behalf of its Lesotho pension fund client. Read more… Read More
China-focused private equity firm CDH Investments has reached a final close for its CDH Fund VI with USD1.5b in commitments. Read more… Read More
Warburg Pincus has invested BRL300m (approximately USD63.5m) in Superlógica, a Brazil-based IT company with a focus on real estate and financial services. Read more… Read More
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