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Temasek Commits USD500m to LeapFrog
Temasek Holdings has entered into a strategic partnership with LeapFrog Investments. As part of the partnership, which will take the form of a multi-fund investment by Temasek to anchor LeapFrog’s future funds, Temasek has committed USD500m to LeapFrog. Read More
FinTech Collective Leads USD14m Series A for Mexican Pay-on-Demand Startup minu
FinTech Collective led a USD14m Series A for Mexico-based pay-on-demand startup minu, with participation from VEF, XYZ Ventures, FJ Labs, DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale. QED Investors, Next Billion Ventures and Village Global followed on. The round includes USD2.5m in debt from Banco Sabadell Mexico. Read More
SunFunder Reaches USD70m Final Close for SET Fund
SunFunder has reached a USD70m final close for its Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia. Investors in the fund include U.S. International Development Finance Corporation (DFC), the Development Bank of Austria (OeEB), Swedfund, Bank of America, Mercy Investment Services, Calvert Impact Capital, Ceniarth, the IKEA Foundation… Read More
Patria Reaches USD140.5m First Close for Core Infrastructure Fund
Patria Investments has reached a BRL800m (approximately USD140.5m) first close for its first Core Infrastructure Fund. The vehicle will seek to invest in high-quality, operational power generation and transmission assets in Brazil. Read More
Advent International to Exit Chinese Electronics Materials Company Laird Performance Materials via USD2.3b Sale to DuPont
Advent International has agreed to sell Laird Performance Materials, a China-based electromagnetic shielding and thermal management company, to DuPont for USD2.3b. Read More
AIIM and EDF Invest in Kenyan Unit of Solar Solutions Provider Bboxx
African Infrastructure Investment Managers (AIIM) and French electricity company EDF Group (EDF) have agreed to make an undisclosed investment in the Kenyan unit of solar solutions provider Bboxx. Under the terms of the agreement, EDF will hold a 23% stake in the unit, while AIIM will increase its existing minority holding in the company. AIIM originally invested in Bboxx in… Read More
Warburg to Invest USD109m in Adani Ports for 0.49% Stake
An affiliate of Warburg Pincus has agreed to invest INR8b (approximately USD109m) in India-based private port operator Adani Ports and Special Economic Zone Ltd (APSEZ) for a 0.49% stake. Warburg recently sold its 31.5% stake in India’s Gangavaram Port to APSEZ for USD268m. Read More
Astella Investimentos Invests USD1.2m in Brazilian Fintech Sled
Astella Investimentos has invested BRL7m (approximately USD1.2m) in Brazil-based fintech Sled. Astella previously invested BRL2.5m in the company in August 2019. Read More
Trifecta Capital Reaches USD140m Final Close for India Venture Debt Fund
Trifecta Capital has reached a USD140m final close for its second venture debt fund focused on India. Trifecta plans to launch its third venture debt fund in Q3 2021. Read More
Falcon House, Kejora, DEG, MDI and Others Invest USD170m Series B in Indonesian Logistics Startup SiCepat
Falcon House Partners, Kejora Capital, DEG, MDI Ventures, Indies Capital, Temasek Holdings subsidiary Pavilion Capital, Trihill Capital and Daiwa Securities have invested a USD170m Series B for SiCepat, an end-to-end logistics startup in Indonesia. Read More
Addor Capital Reaches USD241m Final Close for China Healthcare Fund
Addor Capital has reached a USD241m final close for its second healthcare fund, a vehicle targeting early-stage investments in Chinese healthcare companies with a focus on technology. Read More
Integral Venture Partners, Lead Ventures and PortfoLion Invest USD8.4m in Hungarian Coding School Codecool
Integral Venture Partners and existing investors Lead Ventures and PortfoLion have invested EUR7m (approximately USD8.4m) in Hungary-based coding school Codecool. Read More