International Finance Corporation related stories
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Asia Alternatives closes second FoF on $950mThe San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.
- Southern African cleantech fund holds first close
The Tchenguiz family, along with three international development funds are the cornerstone investors in The Evolution One Fund, which has raised 40 percent of its targeted R1bn total.
- Aureos Africa completes $253m first close
Having passed the halfway mark on fundraising for its new Pan-African fund, its largest ever focused on the region, the mid-market investor is hoping to have invested between $80m and $100m by the end of the year.
- Connectiva Systems secures $17m
An NEA-IndoUS-led syndicate is backing Connectiva, a US-based company that 'leverages the strengths of India' to provide solutions to the telecom industry.
- GroFin pan-Africa fund holds $125m first close
The $160m fund is targeting small to middle market enterprises to plug the financing gap between microfinance and commercial banks.
- Rabobank’s India fund sees first close
The Dutch bank has raised $85m for the first close of India Agri Business Fund, with IFC, FMO and DEG committing $20m each.
- West Africa’s rising profile
The region, often the site of political instability, has in the past month been home to several positive developments for private equity.
- Kingdom holds first close on $325m
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud’s investment company is the cornerstone investor in Kingdom’s second pan-African fund, which is targeting $500m. The firm is looking to back businesses operating in more than one country.
- Maghreb regional fund closes ahead of target
Tuninvest, the Tunis-based private equity firm, has closed its second fund focused on the Maghreb region on €125m.
- Gaja Capital nears close for debut fund
The Mumbai-based firm focuses on growth capital investments, and has already made two investments from the $200m fund it is raising.