Real estate-focused emerging markets investment firm Jaguar Growth Partners has acquired a minority stake in Brazil-based industrial real estate company Bresco through Jaguar Real Estate Partners II. Bresco seeks to grow its property portfolio and invest more than US$500 million over the next few years. Jaguar plans to support Bresco’s… Read More
Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has agreed to sell South Korean fried chicken restaurant franchisor BHC Group back to its founder in a transaction that reportedly values the company at KRW600 billion (approximately US$536 million). NH Investment & Securities is providing debt financing to facilitate the… Read More
India-focused alternative investment fund manager Motilal Oswal Private Equity has reached a final close for India Business Excellence Fund III with more than INR23 billion (approximately US$320 million) in capital commitments, 75 percent of which came from domestic investors. Investors in the fund include domestic and global institutions, family offices,… Read More
Latin America-focused early-stage venture capital firm monashees has reached a final close for its eighth fund with US$150 million in capital commitments. Investors in monashees VIII include Brandywine Trust Group, S-Cubed Capital, Temasek Holdings, CreditEase, IDG , Instagram co-founder Mike Krieger, Horsley Bridge Partners and the University of Minnesota, as… Read More
The Rise Fund, TPG’s global impact investing fund, has led a Series C round of almost CNY1 billion (approximately US$145 million) for China-based rural lender CFPA Microfinance Management. Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital, High Impact Capital Advisors and Renda Puhui also participated in the round. Read More
Latin America-focused growth-stage private equity fund manager LIV Capital has agreed to invest MXN350 million (approximately US$17 million) in Mexico-based financial markets infrastructure and brokerage company Central de Corretajes (Cencor). The deal, which is pending approval from the Office for the Treasury and Public Credit, is expected to financially strengthen… Read More
Southern Africa-focused alternative investment fund manager Ethos has reached a first close for its seventh buyout fund with ZAR2 billion (approximately US$140 million) in capital commitments from local South African investors. Separately, Ethos has reached a first close for its maiden artificial intelligence (AI)-focused fund, established in partnership with former… Read More
China-focused venture capital firm Shunwei Capital Partners has raised US$1.21 billion for its fourth U.S. dollar-denominated fund. Shunwei’s total assets under management reportedly now stand at US$3.3 billion across four U.S. dollar- and two renminbi-denominated funds. Established in 2011, the firm primarily invests in early- to mid-stage internet, e-commerce and… Read More
Australia-based online travel site Webjet has agreed to acquire Dubai-based business-to-business (B2B) accommodation wholesaler Destinations of the World (DOTW) from Middle East- and Africa-focused alternative investment firm Gulf Capital, as well as DOTW’s founder and management team, for US$173 million. DOTW, which operates in the Middle East, Europe, Asia Pacific… Read More
India-focused venture capital firm Sixth Sense Ventures has closed its second early-stage consumer-focused fund at INR5 billion (approximately US$68 million), reportedly surpassing its INR2.5 billion (approximately US$34 million) target. Investors in the fund include India’s Ministry of Commerce and Industry, which committed INR500 million (approximately US$6.8 million), consumer companies, India-based… Read More
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