Growth markets investor Actis has acquired the 110-megawatt El Pelicano Solar Plant in Chile. The plant, which commenced operation in November 2017, is expected to deliver 300 gigawatt hours per year of electricity to Metro de Santiago, Santiago’s underground railway system. Metro de Santiago will buy the power generated by… Read More
Mexico-focused private equity firm Nexxus Capital has reached a first close for Nexxus Iberia Private Equity Fund I with EUR130 million (approximately US$159 million) in capital commitments. Investors in the fund include institutional investors, high-net worth individuals and family offices from Mexico and Spain. The fund, which has a target… Read More
Emerging markets specialist private equity fund manager LeapFrog Investments has led a US$47 million investment round for India-based digital lender NeoGrowth Credit. Existing investors Aspada Investment Company and Quona Capital also participated in the round. NeoGrowth, which lends to small and medium-sized businesses based on digital payments data, plans to… Read More
Global specialist asset manager Intermediate Capital Group (ICG) has acquired 100 percent of Singapore-based tertiary education provider PSB Academy from Asia-focused alternative asset management firm Baring Private Equity Asia (BPEA). PSB, which operates two campuses in Singapore and schools in Vietnam, Myanmar and Indonesia, offers tertiary degrees under the brands… Read More
Global private markets manager AlpInvest Partners has led a consortium of investors, including Singaporean sovereign wealth fund GIC, in a US$450 million stapled secondary investment for Southeast Asia-focused private equity fund manager Southern Capital. The investment will primarily be used to acquire stakes in Southern Capital’s Mulberry Asia Fund II,… Read More
India-based non-banking financial company Janalakshmi Financial Services has reportedly raised a funding round of approximately INR6 billion to INR7 billion (approximately US$94 million to US$110 million) from a group of investors including global private markets asset manager HarbourVest Partners. HarbourVest reportedly contributed INR2.5 billion to INR2.6 billion (approximately US$39 million… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has backed a US$189 million refinancing of Mozambique-based thermoelectric power plant developer Central Termica de Ressano Garcia (CTRG). EAIF provided a B loan totaling… Read More
Global private investment firm TPG, along with media-focused investment company Evolution Media and Africa-focused investment firm Satya Capital, has agreed to acquire a majority stake in France-based, Sub-Saharan Africa-focused online music and entertainment platform TRACE. The company, which owns and operates 30 digital and mobile services, 21 pay television channels… Read More
Western Europe- and U.S.-focused venture capital firm Partech Ventures has reached a first close for Partech Africa Fund with more than EUR57 million (approximately US$70 million) in capital commitments. Investors in the fund include development finance institutions IFC, which committed EUR15 million (approximately US$18 million), and European Investment Bank (EIB);… Read More
China-based software developer Rokid has raised a US$100 million funding round led by Singaporean sovereign wealth fund Temasek with participation from CDIB Capital, the private equity arm of China Development Financial, global venture capital firm IDG Capital and global financial services company Credit Suisse. Rokid develops advanced voice recognition software,… Read More
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