IPO-bound Northern Arc set to secure capital from offshore backer
Northern Arc Capital Ltd, a non-banking finance company whose shareholders include global impact investment firms LeapFrog and Accion, as well as some private equity and venture capital firms, is set to secure fresh capital from a marquee foreign institution that has backed it in the past. The Chennai-based NBFC, which recently filed fresh draft documents for an ......
Sanad gets LP top-up for MENA-focused MSME debt fund
The Sanad Fund for MSME, an impact investment fund that provides loans and equity financing to local financial institutions in the Middle East, North, and sub-Saharan Africa is set to get additional backing from an existing limited partner for its debt investment vehicle. The Luxembourg-headquartered fund is on track to get ......
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 ......
VC-backed Aye Finance set to secure $30 mn in fresh capital
Aye Finance, a non-banking finance company (NBFC), is set to raise $30 million (about Rs 250 crore) in fresh capital from a marquee foreign institution that has backed it in the past. The NBFC, which lends to micro, small and medium sector enterprises (MSME) in India, is raising the fresh capital ......
Helios lets go of billion-dollar Africa PE fund strategy, floats smaller flagship
Helios Investment Partners, one of the largest private equity firms in Africa that curtailed its half-a-billion-dollar fourth fund after securing only a fraction of the record targeted sum, has floated a smaller fifth investment vehicle, VCCircle has learnt. The London-headquartered PE firm is actively seeking $750 million in third-party limited partner ......
Eversource to get a cheque from existing LP for smart metering platform
Climate-focused alternative investment firm Eversource Capital is set to receive funding from one of its existing limited partners for its India-focused smart metering platform, as it moves forward in a sector that has also attracted Singapore sovereign wealth fund GIC and US-based infrastructure private equity firm I Squared Capital. Eversource, formed ......
Dutch impact investor Bix Capital taps returning LP for Africa, Southeast Asia fund
Bix Capital, a Dutch impact investment firm that offers debt financing to small and medium enterprises mainly in sub-Saharan Africa, is set to rope in one of the largest global financial institutions for its second investment vehicle. The Amsterdam-headquartered impact investor, which has backed 10 companies so far, is set to ......
Why Dutch PE firm XSML Capital is limiting equity exposure in African deals
XSML Capital, an Africa-focused Dutch private equity firm, that backs small- and mid-sized businesses across Central and Eastern Africa, is aiming for a relatively “quicker” exits going forward as it steers its investment strategy away from equity bets to mostly debt financing in the continent, according to a top company ......
ClaimBuddy, five others get early-stage funding; Dhoni bats for EMotorad
Health insurance platform ClaimBuddy, non-banking financial company FincFriends, revenue operations startup Clientell, background verification platform TraqCheck mobility startup Advance Mobility, renewables company Husk Power Systems secured early-stage funding, the companies said on Monday. Also, EMotorad onboarded former India cricketer MS Dhoni as an equity investor and brand ambassador. ClaimBuddy ClaimBuddy has raised $5 million ......
Mauritian PE firm Adenia Partners closes fifth fund with oversubscription
Adenia Partners, a Mauritius-based private equity firm that focuses on mid-sized businesses across Africa, has marked the final close of its fifth investment vehicle, topping the fund target by a significant margin as it attracted commitments from new and returning investors globally. The PE firm, a backer of 30 companies, including cell ......
