India’s National Investment and Infrastructure Fund (NIIF) has held a third close for NIIF Master Fund with USD2 billion in commitments. As part of the close, pension funds AustralianSuper and Ontario Teachers’ Pension Plan have each agreed to commit up to USD250 million to the fund and secured co-investment rights… Read More
Global private equity fund manager Warburg Pincus has pledged its 9.86 percent stake in India-based lending platform IDFC First Bank in order to raise USD150 million from a consortium of banks. Warburg will then use the loan to return capital to limited partners in its funds. IDFC First Bank, which… Read More
Mexico-focused impact investment fund manager Adobe Capital has reached a final close for Adobe Mezzanine Fund II with USD30.3 million in commitments. Investors in the fund includ a variety of domestic and international institutional investors. The fund will target returns-focused opportunities in Mexico that create a positive social and environmental… Read More
Growthpoint Investec African Properties (GIAP), a pan-African real estate investment trust managed by Africa-focused investors Investec Asset Management and Growthpoint Properties, has acquired a 100 percent stake in Zambia-based Manda Hill shopping center from local property investment company AttAfrica. Manda Hill comprises 42,000 square meters of retail space. Financial details… Read More
Global alternative asset management firm The Carlyle Group has sold part of its stake in Hong Kong Stock Exchange-listed China Literature, an online literature platform, for HKD994 million (approximately USD127 million). The company offers more than 11 million books to the more than 200 million monthly active users on its… Read More
Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans… Read More
Global growth markets investor Actis has acquired South Africa-based renewable energy provider BioTherm Energy from Denham Capital, a global energy-focused private equity firm. BioTherm, which currently manages a 288-megawatt portfolio of wind, solar, and biogas projects in operation and under development, plans to partner with Actis to grow its operations… Read More
Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans… Read More
Brazil-listed digital banking services provider Banco Inter has raised BRL1.24 billion (approximately USD330 million) via a share offering on Brazilian stock exchange B3. Japan-based technology conglomerate SoftBank Group reportedly acquired shares equivalent to an 8 percent stake in the company for approximately BRL760 million (USD201 million) as part of the… Read More
China Renaissance, a China-based asset manager, has reached a final close for its Huaxing New Economy Fund III with RMB6.5 billion (approximately USD943 million) in commitments. Investors in the fund include the National Council for Social Security Fund, as well as banks, insurance companies, funds of funds, and endowments. The… Read More
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