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EQI Raises ~USD9m for Brazil’s Forêt Fund

EQI reached a BRL50m (~USD9m) final close for Forêt Fund, a vehicle focused on acquiring protected land, generating environmental conservation certificates and selling them to local agribusinesses. Read More

Valar Ventures Leads USD20m Series A for UAE’s baraka

Valar Ventures led a USD20m Series A for baraka, a UAE-based stock trading app for retail investors, with participation from Knollwood. Read More

China’s Kasco Raises ~USD72m Series B Led by China Venture Capital, Source Code Capital and Shenzhen Capital Group

Kasco, a China-based air suspension system manufacturer for passenger vehicles, raised a CNY510m (~USD72m) Series B led by China Venture Capital, Source Code Capital and Shenzhen Capital Group, with participation from Yonghua Capital, Huoyan Capital, Shanshan Venture Capital and Dening Capital. Read More

Better Tomorrow Ventures and Metaprop Lead USD7.5m Round for Mexico’s Fintech Yave

Better Tomorrow Ventures and Metaprop led a USD7.5m round for Yave, a Mexico-based embedded mortgage lender, with participation from DILA Capital, Wollef, Goodwater Capital, Magma Partners, Activant, Moore Capital, Fintech Fund, Cross River Capital and Vinte. Read More

Temasek and Kaitai Capital Lead USD35m Pre-Series B2 for China’s Lupeng Pharmaceutical

Temasek and Kaitai Capital led a USD35m pre-Series B2 for Lupeng Pharmaceutical, a China-based clinical-stage drug developer for cancer treatment, with follow-on from Lilly Asia Ventures, Fontus Capital and Lake Bleu Capital. Read More

India’s Lentra Raises USD60m Series B Led by Bessemer Venture Partners and SIG

Lentra, an India-based embedded finance platform, raised a USD60m Series B led by Bessemer Venture Partners and SIG, with participation from Citi Ventures. Read More

Alcazar Energy Partners II Reaches USD337m First Close

Alcazar Energy Partners II, a fund focused on utility-scale renewable energy projects in emerging markets, reached a USD337m first close. The vehicle, which has a USD500m final target, received commitments from EBRD, EIB, Allianz Global Investors, IFC, AIIB, DEG, Proparco and FMO. Read More

Glenwood To Invest ~USD514m in South Korea’s Hanwha Advanced Materials

Glenwood Private Equity agreed to invest KRW680b (~USD514m) to acquire a minority stake in Hanwha Advanced Materials, a South Korea-based manufacturer of lightweight composite materials, from its South Korea-listed parent company Hanwha Solutions. Read More

KKR Leads USD48m Series C for Indonesia’s Privy

KKR led a USD48m Series C for Privy, an Indonesia-based digital identity verification services provider, with participation from Singtel Innov8 and follow-on from MDI Ventures, GGV Capital and Telkomsel Mitra Inovasi. Read More

Sembcorp To Acquire 100% Interest in India’s Vector Green Energy for ~USD345m; Global Infrastructure Partners to Exit

Sembcorp agreed to acquire a 100% interest in Vector Green Energy, an India-based renewable energy independent power producer, for INR27.8b (~USD345m). The deal will facilitate an exit for Global Infrastructure Partners’ India Infrastructure Fund II. Read More

Tiger Global Sells 3.57% Stake in India’s PolicyBazaar for ~USD75m

Tiger Global sold a 3.57% stake in India-based, NSE- and BSE-listed insurance aggregator PolicyBazaar’s parent firm PB Fintech for INR6b (~USD75m). Read More

Helios To Invest USD50m in Kenya’s IXAfrica

Helios Investment Partners agreed to invest USD50m in IXAfrica, a Kenya-based data center developer and operator. Read More