We write this article at a point where it is close to impossible to make any predictions about the real extent of the COVID-19 crisis and its actual impacts on the global economy. A few questions start to consistently pop up in the webinars, live events, and crisis committees’ discussion… Read More
In this article, I summarize how CDC Group plc, (CDC), the UK’s development finance institution (DFI), is responding to the impact of COVID-19 on its private funds investment program (Portfolio) given the commercial and strategic challenges faced by the managers (GPs) of many of its investee private credit and equity… Read More
This issue of the EMPEA Legal and Regulatory Bulletin comes at a time when our industry and the markets where we invest are facing particular challenges due to the impact of the COVID-19 pandemic. EMPEA members, including members of the Legal and Regulatory Council, have provided some of their insights… Read More
US International Development Finance Corporation (DFC) has approved a series of commitments for a combined USD130m to five funds, including up to USD30m to AfricInvest Fund IV to support health care and financial services across Africa; up to USD30m to South Asia Growth Fund II to support businesses… Read More
Specialized United Nations agency and international finance institution International Fund for Agricultural Development (IFAD) has committed USD9m to Bamboo Capital’s blended capital impact vehicle Agri-Business Capital (ABC) Fund. IFAD has announced that going-forward they will be able to directly fund private sector entities and invest in funds targeting… Read More
Lightspeed Venture Partners has announced the closings of three funds at USD4b in overall capital commitments. Specifically, Lightspeed Venture Partners XIII, Lightspeed Venture Partners Select IV, and Lightspeed Opportunity Fund received USD890m, USD1.83b, and USD1.5b respectively. Lightspeed Opportunity Fund targets ex-US startups. Previously, Lightspeed has… Read More
EM private credit funds raised USD8.1b in 2019, led by an increase in special situations fundraising EM private credit fund managers raised USD8.1 billion in 2019. As explored in EMPEA’s 2019 Private Credit Solutions report, investor interest in private credit opportunities has grown in recent years, which is particularly visible… Read More
Infrastructure funds raised USD5.2b in 2019, led by closes for Actis and NIIF funds EM-focused infrastructure fund managers raised USD5.2 billion in 2019, led by commitments to two landmark funds: the USD1.2 billion Actis Long Life Infrastructure Fund and National Infrastructure Investment Fund’s Master Fund, which reached a fourth close… Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). EM-focused private capital vehicles raised USD78 billion in 2019, with a slowdown in pan-Asia and China-dedicated funds largely offset by increased fund closes from multi-regional GPs. Fund managers deployed record levels… Read More
Quona Capital closed its second fund with USD203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion startups in emerging markets. Read more… Read More
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