Sub-Saharan Africa-focused private debt fund REGMIFA to get another cheque
The Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), an open-ended private debt fund focusing on micro, small, and medium enterprises in Sub-Saharan Africa, is likely to secure additional funding from a development finance institution. The Geneva-headquartered REGMIFA, which provides private debt funding in local currency, will likely get a ......
Flutterwave backer LoftyInc courts offshore LP as it aims to quintuple AUM with new Africa VC fund
LoftyInc Capital, a pan-African early-stage venture capital firm, is likely to secure commitment from a European development finance institution for its new investment vehicle. The Lagos-headquartered VC firm is raising the $65-million LoftyInc Alpha Fund that would back tech-enabled enterprises across Africa at seed and Series A stages. It will likely ......
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 ......
Kelix Bio to acquire five UAE-based pharma entities post Mubadala deal
Kelix Bio, an emerging markets-focused specialty generic biopharmaceutical company is looking to acquire five UAE-based pharma entities to further expand its product portfolio of affordable critical drugs, and scale growth. The deals would likely follow the enforcement of the Dubai-headquartered company’s acquisition by Abu Dhabi’s sovereign investor Mubadala Investment Company, announced ......
GEF Capital strikes fresh bet in electric mobility company
Private equity firm GEF Capital has picked up a stake in a homegrown electric mobility solutions player, which is backed by Renuka Ramnath-led Multiples PE. The impact investor led by Raj Pai, which has been a backer of Indian companies like Prince Pipes, Syrma SGS, Premier Energies and Electra EV, among ......
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 ......
