British International Investment related stories
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Avigo raises $150m for IndiaThe Delhi-based firm has held a first close for its third private equity fund, which aims to raise $250m by the end of the second quarter.
- CDC hires chief operating officer
The UK government-backed fund of funds has taken on ex-Unilever executive Shonaid Jemmett-Page in the new role.
- CDC commits $40m to Indian SMEs
The commitment to Kotak India Private Equity Fund follows a $40m allocation to SME-focused funds in Southeast and Central Asia.
- Asia Mezzanine backs Chinese manufacturer
The Hong Kong-based firm arranged $40m in mezzanine capital for the steel component part manufacturer.
- CDC commits $40m to two SME-focused funds
The UK-government backed fund of funds has backed funds focused on Southeast and Central Asia. It expects the two funds to raise a total of $225m.
- CDC comes under fire
While lauding its ‘exceptionally good’ returns and commitment to developing countries, the National Audit Office has highlighted ‘lapses in oversight and governance’ regarding CDC’s remuneration policy.
- IDFC builds fund of funds team
Veronica John-led IDFC Capital has set up shop in Singapore and made new hires as it prepares to raise a $500m emerging markets fund of funds.
- Travant agrees first deal
The West- and Central African-focused firm has invested an undisclosed amount in Dorman Long Engineering, a Nigerian oil and gas services provider. In May, Travant held a $107m first close on its debut fund, which is targeting $300m in commitments.
- VCs inject $93m into Indian opticals group
IDFC Private Equity, its parent company IDFC and CDC Group are part of a consortium participating in a second round of funding for Moser Baer PhotoVoltaic.
- Aureos exits Ugandan microlender in $25m deal
The emerging markets specialist has sold its stake in Uganda Microfinance Limited to Kenya-based Equity Bank, as it nears a $200m first close on its $400m Pan-African fund.