Delta Partners Capital, an advisory and investment firm headquartered in the United Arab Emirates, has announced the first closing of its Emerging Markets TMT Growth Fund II with US$100 million in commitments. The fund, which is targeting US$300 million in total commitments with a US$500 million hard cap, will invest in telecommunications, media and related technology companies in Africa, Central and Eastern Europe, the Middle East and Southeast Asia. Investors in the fund include International Finance Corporation, Japanese telecommunications company NTT DOCOMO and a number of family offices in Europe and the Middle East.