Q1 2023 Industry Data & Analysis

GPCA’s Q1 2023 Industry Data & Analysis features in-depth data, commentary and analysis on key trends across global markets.

Key insights:

  • Private capital deal value across GPCA’s markets declined year over year in Q1 to USD21.8b as investor caution prevails.



  • Market uncertainty also affected fundraising and exit activity, though there were bright spots. Latin America-focused funds raised USD2.1b across 17 separate vehicles led by KASZEK, while Middle East-dedicated funds raised USD708m, nearly double the full-year 2022 total.
  • The biggest deals completed in the quarter concentrated around durable themes like digital transformation and financial inclusion, such as NIIF and AGP’s USD2b investment in Indian data center platform Digital Edge DC.
  • Private capital-backed green energy assets remain in demand by strategic and financial buyers, with Actis completing the sale of African wind power platform Lekela to Infity Power for USD1b in Q1.

GPCA Members can log in to download the Q1 2023 Industry Data & Analysis Excel file, which contains expanded analysis and commentary; fund and transaction listings; and breakdowns of investment activity by asset class, sector and geography.

For questions and feedback or to request custom data cuts from the research team – including GPCA’s complete fund- and deal-level dataset – contact research@gpcapital.org.