India-focused venture capital fund manager A91 Partners has reached a final close for its first fund with USD351 million in capital commitments. Investors in the fund include development finance institution IFC, alternative investment firm LGT Capital Partners, and fund of fund managers Asia Alternatives Management and Adams Street Partners. The… Read More
Global impact investing firm SEAF has invested in Indonesia-based bakery and café BEAU Artisan Bakers through SEAF Women’s Opportunity Fund. BEAU intends to use the funding to expand its retail chain, develop a new centralized production facility, and improve financial management. Financial details of the transaction were not disclosed. Read More
Cyprus-based digital authentication services provider Au10tix, a subsidiary of Netherlands-based security technology company ICTS International, has received a USD60 million strategic minority investment from global alternative asset manager TPG. The company provides solutions for automating the capture, classification, authentication, and conversion of identification documents and document images for digital records. Read More
Impact investment fund manager responsAbility Investments has committed USD4 million as part of a USD18 million debt financing round for d.light, a global provider of solar power and lighting solutions for off-grid communities. Other participants in the funding round include impact investing firms SunFunder, Social Investment Managers & Advisors, and… Read More
China-based used-car trading platform Uxin has raised USD230 million through a convertible note issuance to investors including private equity fund managers Warburg Pincus and TPG, as well as China-based online classifieds platform 58.com. Uxin’s main offerings include a business-to-business auction platform and a consumer-focused platform providing recommendations, financing, title transfer,… Read More
China-focused alternative fund manager Centurium Capital has raised USD1.89 billion in capital commitments for its debut fund. Investors in the fund include Washington State Investment Board, which committed USD200 million. The fund will invest in consumer and health care opportunities in China. Read More
Emerging markets-focused private equity fund manager Affirma Capital has led an investment round for China-based peer-to-peer lender Dianrong. Japan-based financial services provider Orix Group also participated in the round through its China-focused investment platform, Dahlian Financial Industry Investment Group. Previous backers of Dianrong include Aurora Ventures, Northern Light Venture Capital,… Read More
Global impact investing firm SEAF has invested in SOS Credit, a Morocco-based online financial services broker, through SEAF Morocco Growth Fund. SOS Credit will use the funds to expand its presence in Morocco and internationally. Financial details of the transaction were not disclosed. Read More
Lebanon-based insurance technology company BSynchro has raised USD1 million from Lebanon-focused venture capital firms Berytech Fund and Phoenician Funds. Founded in 2005, the company provides software development and consulting services to insurance companies in 25 countries across the Middle East and Africa. BSynchro plans to utilize this investment to further… Read More
Namibia-focused private capital firm Eos Capital has agreed to invest in Namibia-based water management company Heat Exchange Products (HEP) to help fund HEP’s acquisition of Valco Pipes, a Namibia-based bulk water and reticulation pipe supplier. Eos Capital previously acquired a majority stake in HEP in 2017 through Allegrow Fund. Financial… Read More
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