International Finance Corporation related stories
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Elbrus aims to deliver in RussiaElbrus has invested in Russian delivery business SPSR-Express. It's the first deal from its second fund, which is now more than half way to its $500m target.
- NSR forms advisory board to assist portfolio
New Silk Route, whose co-founder Rajat Gupta has been charged with insider trading, has formed the board to help identify exit opportunities.
- General Atlantic co-invests in Latin America deal
General Atlantic was part of a quartet of co-investors which has backed Colombia-listed investment company Grupo Sura’s $3.6bn acquisition of ING Group’s assets in Latin America.
- Investors queue for Citadel-backed rail company
Rift Valley Railways, which operates in Kenya and Uganda, has received financing from a host of investors including the African Development Bank and the International Finance Corporation.
- UN pension backs Centerbridge and Lexington
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.
- Helios hits hard-cap with biggest African vehicle
Private equity group Helios, co-led by Tope Lawani (pictured), has closed its latest fund on $900m after two years in the market. It is understood to be the biggest fund raised for Africa.
- Alternatives to lessen portfolio impact of climate change
Diversifying allocations across alternative asset classes may mitigate the portfolio impact of climate change — which if left unchecked could cost institutional investors upwards of $12trn over the next 20 years, according to a recent study.
- CDC invests $30m in African infra fund
The UK-based development finance institution has committed $30m to the African Infrastructure Investment Fund 2, which is trying to raise $600m.
- Indian exits reach record high in 2010
Private equity firms exited a record 121 companies in India during 2010, while investments almost doubled to $7.97bn from the 2009 figure, according to recent data.
- Eiffage closes West African toll road PPP
The French concessionaire has reached financial close for the €230m Dakar-Diamniadio toll road, in Senegal, backed by €62.5 million in debt from the African Development Bank, the IFC, Senegalese bank CBAO and the West African Development Bank.