FMO SME Finance Fund, a fund initiated by SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO, has reached a first close with EUR100 million in capital commitments. The fund aims to support local small- and medium-sized enterprises (SMEs) in emerging markets by providing… Read More
IFC Asset Management Company (AMC), a wholly owned subsidiary of International Finance Corporation (IFC), has completed fundraising for its infrastructure equity fund with capital commitments from 11 investors totaling US$1.2 billion, exceeding the fund target of US$1 billion. Investors include IFC and Singapore sovereign wealth fund GIC as anchor… Read More
Emerging markets fund manager LeapFrog Investments has announced the first close of its second fund at US$204 million. LeapFrog Fund II will target equity investments of up to US$60 million in companies that provide financial services to emerging consumers and will continue to focus on LeapFrog’s priority markets of… Read More
The pillars of the conventional fund model in emerging markets remain largely unchanged, however the wave of regulation globally and continuing evolution in LP-GP dynamics are yielding some important shifts in fund terms and structures with implications for governance and operations at the fund level. On 25 June 2013, EMPEA… Read More
Financial services provider La Compagnie Benjamin de Rothschild (CBR), forest company ONF International and the Moringa Partnership, an investment advisor owned by CBR, have announced the first close of the Moringa Fund, a private equity investment vehicle focused on sustainable agroforestry projects in Sub-Saharan Africa and Latin America. The… Read More
The findings of this Survey are based on data collected from 112 LPs from over 30 countries. Representing public and corporate pension funds, insurance companies, sovereign wealth funds, banks, asset managers, endowments, foundations, family offices, development finance institutions, multilateral organizations and funds of funds, these institutional investors collectively represent disclosed… Read More
Global natural resources and mining-focused private equity firm CD Capital has closed its second fund, CD Capital Natural Resources Fund II, with US$255 million in capital commitments. The fund raised over 50 percent of its corpus from endowments, around 30 percent from foundations, and the remainder from family offices… Read More
Global private equity firm Warburg Pincus has closed its eleventh fund, Warburg Pincus Private Equity XI, with US$11.2 billion in committed capital. The fund, through which Warburg Pincus invests in emerging markets as well as developed markets, will focus on making growth investments in five sectors: energy, financial services,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
Global microfinance private equity investor Bamboo Finance has acquired the Accion Investment Fund from Accion Investments, a subsidiary of global non-profit microfinance organization Accion International, for US$105 million. Bamboo Finance made the acquisition through its US$195 million Bamboo Financial Inclusion Fund. Going forward, Bamboo Finance will manage… Read More
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