Impact investment fund manager responsAbility Investments has fully exited its indirect equity investment in Peru-based microfinance bank MiBanco to majority shareholder Credicorp. Three responsAbility-managed investment vehicles owned an entity formed to invest in microfinance institutions; in turn, this entity owned a minority stake in MiBanco. Financial details of the transaction… Read More
China-focused venture capital firm AlphaX Partners has reached a final close for its maiden fund, a U.S. dollar- and renminbi-denominated dual-currency vehicle, with CNY2 billion (approximately US$313 million) in total commitments. Investors in the fund include institutions from Europe and the United States; China-based strategic investors Focus Media and Qihoo… Read More
Pan-African food and agriculture-focused private equity fund manager EXEO Capital has invested US$4.6 million in Zambia-based food distributor Capital Fisheries through Agri-Vie Fund II. Capital Fisheries, which specializes in the cold-chain distribution of animal proteins, mainly sells tilapia (or bream) and horse mackerel. Over the next two years, the company… Read More
Global alternative asset manager The Carlyle Group has fully exited China-listed warehouse operator China Logistics Property Holding to global private equity fund manager Warburg Pincus for US$96.6 million. Carlyle originally invested in China Logistics in September 2015, nine months before the company was listed on the Hong Kong Stock Exchange. Read More
India-focused private equity fund manager CX Partners has reportedly reached a first close for its second fund with US$140 million in capital commitments. Investors in the fund include a European development finance institution, an Asian sovereign wealth fund and three Asian funds of funds. The fund is targeting US$250 million… Read More
China-focused venture capital fund manager Vision Plus Capital Partners has raised US$500 million in capital commitments for its second U.S. dollar- and renminbi-denominated funds. Commitments are split equally between the two funds. Investors in the funds include China-based internet and industrial companies, sovereign wealth funds, funds of funds, a U.S.-based… Read More
Asia-focused alternative investment firm PAG has reached a final close for its third loan fund with US$950 million in total capital commitments. Investors in the fund include institutions from North America, Australia and Asia. The fund plans to invest in corporate and real estate opportunities across the Asia Pacific region… Read More
Horizon Capital, a private equity fund manager that focuses on investments in mid-cap companies in Ukraine and the neighboring region, has fully exited Ukraine-based household goods manufacturer Ergopack to Greece-based consumer goods company Sarantis. Financial details of the transaction were not disclosed. Read More
Edelweiss Alternative Asset Advisors, an arm of India-based financial group Edelweiss, has reached a first close for Edelweiss Infrastructure Yield Plus Fund with INR20 billion (approximately US$297 million) in capital commitments. Investors in the fund include India-based institutions, family offices and high-net worth individuals, as well as several international investors. Read More
Global investment manager KKR has fully exited India-listed non-banking financial company Magma Fincorp, selling 13 million shares for INR2.15 billion (approximately US$32 million) on the National Stock Exchange of India. KKR originally acquired a 15 percent stake in Magma Fincorp for INR2.4 billion (approximately US$52 million) in May 2011. Separately,… Read More
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