International Finance Corporation related stories
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Aureos targets $120m for African healthcare fundAureos Capital, a private equity firm, focused on Asia, Africa and Latin America, has held a first close on a fund aimed at investing in Africa’s fledgling health sector. LPs include the IFC, The African Development Bank and The Gates Foundation.
- IFC exec joins private equity firm
Anthony Gichini, formerly of the IFC’s SME Support Centre, has joined socially-minded private equity firm InReturn as managing partner in Nairobi. The InReturn East Africa Fund is close to making its first investment.
- IFC commits $25m to Citadel Capital
The investment in the MENA-focused private equity firm’s debut institutional fund will be used to help companies in the region develop beyond their local markets.
- IFC weighs up Zephyr’s second Indian fund
The Zephyr Peacock India Fund II, which is targeting $75m, will target growth investments in SMEs primarily in tier II and III cities and rural India.
- SEAF to raise $75m for Indian agribusinesses
The SEAF India Agribusiness Fund expects to hold a first close on $35m by May.
- Rabo Equity Advisors makes maiden investment
The Dutch bank's subsidiary has invested INR450m from its $100m Indian agribusiness fund for a minority stake in an Indian agri-biotech company.
- Avigo raises $150m for India
The 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.
- Citadel to hold first close in second quarter
The Cairo-based private equity firm is raising $500m for its first institutional fund.
- IFC starts fundraising for $10bn Infrastructure Crisis Facility
The multilateral investment arm of the World Bank committed $300m toward the equity portion of the three-tier facility and will seek additional commitments of $1.2bn to $10bn.
- 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.