Creation Investments strikes frugal returns from India MFI bet
Global impact investor Creation Investments, which manages near $2.2 billion in assets across the globe, has exited a twelve-year old financial services bet in India, scoring modest returns, VCCircle has learnt. The Chicago-headquartered investor, which primarily makes bets across the financial services segment, has fully exited its investment in microfinance institution ......
Deals Digest: Weekly volume drops but total value jumps on large PE transaction
A large transaction in the healthcare sector and a couple of mid-sized transactions boosted the total value of private equity and venture capital deals this week to more than $400 million. Deal volume, however, dropped on a week-on-week basis, according to data collated by VCCircle. The week saw Indian companies securing around ......
Danish investor IFU’s top executive resigns
A senior executive at the Danish development finance institute, the Investment Fund for Developing Countries (IFU), which has assets under management in India valued at over Rs 3,000 crore, has resigned from her role. IFU, the backer of SME lender Ugro Capital, has received the resignation of senior vice president and ......
Zephyr Peacock targets first close of fourth fund by year-end
Mid-market private equity firm Zephyr Peacock, the Indian investing arm of New York-headquartered Zephyr Management, hopes to wrap up the first close of its fourth fund by the end of the year, a person aware of the matter told VCCircle. The firm initially expected the first close by the middle of ......
Grapevine: Temasek may top up Lenskart bet; Macquarie drops Vibrant Energy sale plan
Singapore's Temasek and US-based Fidelity are nearing a $200-million investment in Lenskart through a secondary share sale, valuing the eyewear company at about $5 billion, a media report said Temasek is set to lead the funding round with an investment of $125-150 million, while Fidelity will contribute the rest. While Temasek is an existing investor in Lenskart, ......
Quona Capital taps offshore investor in LP-style bet for fourth vehicle
Fintech-focussed venture capital firm Quona Capital, which is an investor in several Indian startups including Onsurity, NeoGrowth, Rupifi, Arya, CreditMantri and Shubham Housing, among others, is tapping a large financial institution as a limited partner (LP) for its fourth investment vehicle. Quona Capital, which invests across multiple geographies including Latin America, Asia ......
Inflexor Ventures set to float two new funds to double down on tech startups
Technology-focused venture capital firm Inflexor Ventures, which has backed consumer durables brand Atomberg, spacetech firm Bellatrix Aerospace, and edtech platform PlayShifu, among others, is all set to float two new funds to double down on its bets on homegrown startups, VCCircle has learned. The VC firm, which last raised Rs 600 ......
Adenia expands LP base beyond legacy regions for oversubscribed fifth fund
Adenia Partners, a Mauritius-based private equity firm that focuses on mid-sized businesses across Africa, geographically diversified its investor base for its fifth investment vehicle, which closed earlier this month with an oversubscription despite a challenging fundraising environment, according to a top company executive. In fact, the PE firm raised $470 million ......
InCred marks first close of maiden PE fund
InCred Alternative Investments, a InCred Group company, has marked the first close of its maiden private equity fund, a top executive of the firm told VCCircle. The firm launched InCred Growth Partners Fund-I in February this year with a target to raise about Rs 500 crore, diversifying into its third strategy after ......
African PE firm Mediterrania makes second full exit from third fund
Mediterrania Capital Partners, a Malta-based private equity firm that focuses on growth-stage small and mid-sized businesses in North and Sub-Saharan Africa, fully monetized its investment in a Moroccan construction and civil engineering company after six years. The Valletta-headquartered PE firm, which manages assets worth $791 million, completely exited its investment in ......
