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PAG Announces Final Close of US$2.4 Billion on Asia Fund (Asia)
Asia-focused alternative investments manager PAG has reach a final close at US$2.4 billion for its debut private equity fund, PAG Asia I. The fund will focus on buyout investments throughout Asia with a focus on China. Over 90 percent of the limited partners in the fund are reportedly large institutional investors, including pension funds, sovereign wealth funds and financial institutions. Read More
Ivi.ru Secures US$40 Million Investment (CEE and CIS)
Russian online video service Ivi.ru has secured a US$40 million investment from Russia-based private equity firm Baring Vostok Capital Partners and a consortium of existing shareholders including Russian venture capital funds ru-Net and Frontier Ventures, U.S.-based investment firm Tiger Global Management and Russian media and entertainment group ProfMedia. Ivi.ru will use the capital to increase its catalog of films and… Read More
Actis Makes First Investment from New Fund (Latin America)
Emerging markets investor Actis has invested US$68 million in CNA, an English language training provider in Brazil. The investment will be partially funded through Actis’s new global fund, Actis 4. CNA operates more than 500 schools in Brazil and sells over 400,000 textbook kits per year. Actis currently has investments valued at US$360 million in the education sector worldwide. Read More
InfraMed and EPGE to Develop a Jordanian Wind Project Jointly (MENA)
InfraMed, an infrastructure investment vehicle focused on the Mediterranean region, and Cyprus-based renewable energy developer EP Global Energy (EPGE) have invested in the development of a 114 MW wind project in Jordan through a joint venture special purpose vehicle. InfraMed will control 49 percent of the venture with the remainder being controlled by EPGE subsidiary EPGE (Jordan) Holdings. Financial terms… Read More
Silk Road Launches Myanmar-focused Venture Capital and Private Equity Fund (Asia)
Frontier markets-focused investment management firm Silk Road has announced the first close of its Myanmar-focused fund, Myanmar Human Capital Fund, with US$25 million in commitments. Investors in the fund include family offices and high net worth individuals from Mongolia, Russia and the Caspian region. The fund will invest in internet, information technologies, media, telecommunications services, education, healthcare, financial and professional… Read More
Earth Water Group Announces Its Maiden Fund Raising of US$15 Million from Asia’s CLSA Capital Partners (Asia)
CLSA Capital Partners, the alternative asset management arm of CLSA Asia-Pacific Markets, has invested US$15 million in India’s Earth Water Group, a water and wastewater management company. Earth Water Group intends to use the funding to invest in technology, strengthen existing initiatives and acquire new businesses. Read More
IFC, IFC ALAC Fund to Invest US$27 Million in PetroNova (Latin America)
International Finance Corporation (IFC) and the IFC African, Latin American, and Caribbean Fund (IFC ALAC Fund), a private equity fund managed by IFC Asset Management Company, has agreed to invest US$27 million in Colombian oil and gas exploration company PetroNova. Under the terms of the transaction, IFC will contribute US$15 million and the IFC ALAC Fund will contribute US$12 million.… Read More
OPIC and Abraaj Capital Sign Commitment to Regional Small and Medium Enterprise Fund (MENA)
The Overseas Private Investment Corporation (OPIC) has committed US$150 million to the Riyada Enterprise Development Growth Capital Fund (RED), managed by Aureos Capital, the global small- and mid-cap investing platform of the Abraaj Group. RED has a total capitalization of US$400 million and focuses on the development of SMEs throughout the Middle East and North Africa. Read More
Carlyle, Multiples Invest US$41 Million in South Indian Bank QIP (Asia)
The Carlyle Group and Indian private equity firm Multiples Alternate Asset Management have acquired shares in the qualified institutional placement of publicly-listed South Indian Bank. The placement, which raised INR4.43 billion (approximately US$82.3 million), saw the participation of eight investors, including Carlyle and Multiples. Carlyle invested through its subsidiary, First Carlyle Ventures Mauritius, and acquired a 1.56 percent stake for… Read More
Yamsafer Secures US$1 Million in Venture Capital (MENA)
Palestine-focused venture capital firm Sadara Ventures has led a consortium of investors in a US$1 million Series A investment in Palestinian online travel service Yamsafer. Yamsafer was launched in 2011 and provides hotel booking services as well as activity packages to travelers in the Middle East. Sadara Ventures manages a US$30 million early-stage venture capital fund focused on the technology… Read More
Kaizen Commits US$4.5 Million to Indian School Management Firm (Asia)
Kaizen Private Equity, an Indian private equity firm focused on the education sector, has invested INR250 million (approximately US$4.5 million) in Altus Learning, an Indian company that specializes in school management. Altus, which currently manages seven greenfield schools and nine preschools, plans to use the funding to expand into northern India. Read More
RRJ Capital Invests US$50 Million in Chinese Biotech Firm (Asia)
Singapore-based private equity firm RRJ Capital has reportedly invested US$50 million in Triplex International Biosciences, a Chinese manufacturer of pharmaceutical products. Triplex manufactures products that can detect Hepatitis B and C, as well as certain cancers from blood and tissue samples. RRJ Capital is reportedly raising its second Asia-focused private equity fund, targeting US$5 billion in commitments. Read More