Grapevine: KKR, GIC eye Carlyle’s Nxtra stake; Reliance Retail Ventures to raise funds
Private equity firm Carlyle Group has initiated formal discussions with potential buyers to sell its 24% stake in the data center subsidiary of Bharti Airtel, Nxtra Data, a media report said. Among the potential buyers are sovereign wealth funds such as the Abu Dhabi Investment Authority and Singapore's GIC, as well as global private equity giant KKR, ......
Bottomline: Stride Ventures founders' NBFC StrideOne grows AUM, plans fresh fundraise
Stride One Capital Pvt. Ltd, a non-banking financial company (NBFC) set up by the founding members of venture debt firm Stride Ventures, has recorded strong growth in its assets under management (AUM) even as it plans to raise fresh funding to expand its business, VCCircle has gathered. The NBFC, which operates ......
Zephyr Peacock may monetise stake as portfolio fintech firm mulls IPO
Mid-market private equity firm Zephyr Peacock India plans to partly monetize its seven-year-old investment in a fintech company through a likely initial public offering (IPO), a person familiar with the matter told VCCircle. While the specifics of the IPO are yet to be finalized, it is expected that the portfolio company, MPOWER Financing, will opt ......
PE firm Capital Square Partners makes another IT bet in India
Private equity firm Capital Square Partners (CSP), which ended its deal hiatus in India last year by investing in IT services company Relevance Lab, has made another bet in the same sector. The Singapore based PE firm, which was set up a decade ago by entrepreneur-turned-investors Sanjay Chakrabarty and Aparup Sengupta and ......
Deals Digest: A91 Partners, UK’s BII make two bets each as PE/VC activity jumps
Private equity and venture capital activity increased this week, both in value and volume terms, with A91 Partners striking two new deals and British International Investment (BII) making two bets in the electric vehicle segment. The total PE/VC investment amount stood at $322 million across 32 deals this week, up from ......
Audacity Ventures changes game plan, expands investment mandate
Mediatech-focused venture capital firm Audacity Ventures, which in July 2022 announced the launch of its maiden fund to back early-stage companies in India, the US, and some other countries in Asia, has now changed its investment strategy. The firm, founded and led by former Anthill Ventures' general partner Kabir Kochhar, ......
See potential in Indian single-specialty healthcare bets: Bain & Company's Arjun Upmanyu
Global consulting firm Bain & Company has stated in a recent report that traditional sectors such as healthcare, advanced manufacturing, among others will emerge as outliers in an otherwise cautious environment in the Indian PE-VC landscape during 2024. The firm, which has a presence across 39 countries, said in its report ......
DFDF to widen investor base in three-phase expansion strategy
Dubai Future District Fund, the region’s first evergreen venture capital fund-of-funds, launched with an initial corpus of $200 million from Dubai Future Foundation and Dubai International Financial Centre, will soon open doors to a new set of investors in three phases to help diversify its capital base, according to a ......
Saudi PIF-backed Jada commits capital to healthcare-focused PE fund
Saudi Arabia’s Public Investment Fund (PIF)-backed Jada Fund-of-Funds has struck its third limited partner style bet this year, backing a healthcare private equity fund. This aligns with its aim to enhance the flow of private capital for Saudi Arabia’s healthcare sector. The fund-of-fund has committed capital to Dubai and Singapore-headquartered private ......
Catamaran's Padaki on the family office's take on LP bets, friction around exits and more
With assets under management valued at over a billion dollars, Infosys co-founder NR Narayana Murthy’s family office, Catamaran Ventures, invests across asset classes including public equity, fixed income and private equity. Led by president Deepak Padaki, the family office has its portfolio roughly divided into thirds across the asset classes. However, within ......
