Southeast Asia-focused venture capital fund manager Openspace Ventures and SEEDS Capital, the early-stage investment arm of Enterprise Singapore, have led a Series A funding round for Singapore-based sustainable animal feed producer Nutrition Technologies. The company, which uses a combination of bacteria and black soldier fly larvae to extract nutrients from… Read More
China-focused venture capital fund manager Joy Capital has reached a final close for its latest fund with USD700 million in capital commitments. The fund received commitments from existing investors in previous Joy Capital funds, as well as public pension funds and insurance companies. The fund will target early- and growth-stage… Read More
Impact investment fund manager responsAbility Investments has led a USD9.4 million debt financing round for Satin Creditcare Network, an India-based microfinance institution focused on lending to women from rural and semi-urban areas. responsAbility provided the three-year senior loan with a bullet repayment schedule, in which the interest will be repaid… Read More
UK development finance institution CDC Group has led an INR1.5 billion (approximately USD21 million) Series C funding round for India-based online business loan broker Indifi Technologies. Other participants in the round include global private equity fund manager Accel Partners and impact investing firms Elevar Equity, Omidyar Network, and Fair Finance… Read More
Global technology-focused growth equity fund manager TCV has agreed to lead a USD400 million Series F investment in Brazil-based digital banking and financial services provider Nubank. Other investors in the funding round include Singaporean sovereign wealth fund GIC, as well as existing investors Tencent Holdings, DST Global, Sequoia Capital, Dragoneer… Read More
Global asset manager Schroders has agreed to acquire a majority stake in global impact investment fund manager BlueOrchard Finance. After the completion of the acquisition, BlueOrchard, which manages assets worth approximately USD3.5 billion, will maintain its current management team, processes, and strategies. Financial details of the transaction were not disclosed. Read More
India-listed fashion retail group Future Lifestyle Fashions (FLF) has secured INR8.4 billion (approximately USD122 million) from global alternative asset manager Blackstone Group and AION Capital Partners, a joint venture between India-focused ICIC Venture Funds Management and US-based alternative investment firm Apollo Global Management, via two separate transactions. Blackstone acquired 12… Read More
Korea-focused fund manager IMM Private Equity has reached a first close for RoseGold IV with USD1.3 billion in capital commitments. Investors in the fund include the Korean National Pension Service and other Korea-based and foreign investors. The fund, which is seeking USD1.5 billion in total commitments, will pursue minority and… Read More
Trident Energy, an Africa- and Latin America-focused oil and gas exploration company established by global private equity fund manager Warburg Pincus, has agreed to acquire the rights to the Pampo and Enchova offshore oilfields from Brazilian state-owned oil company Petrobras. Trident will acquire the assets using a reserve-based loan, in… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, has reached a final close for African Infrastructure Investment Fund 3 (AIIF3) with USD320 million in capital commitments. The fund received commitments from investors in AIIM’s previous fund, AIIF2, and new investors from Africa, Europe,… Read More
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