AfricInvest Member Profile; Navis Capital Partners Raises USD230m for Next Generation Fund

23 April 2025
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Member Profile: AfricInvest

Ziad Oueslati, Founder and Co-Managing Partner

#MemberProfiles

GPCA recently spoke with Ziad Oueslati, Founder and Co-Managing Partner at AfricInvest, about the firm's healthcare fund, financial services strategy and more.

READ FULL PROFILE

Upcoming Virtual Events: Join Us Online

29 April & 8 May 2025 | Virtual

We are excited to offer GPCA Members two new opportunities to connect and learn this spring: an Executive Education session on US policy developments and a Member Meetup exploring the role of insurers in global private markets.

E X E C U T I V E E D U C A T I O N

Considerations for Global Investors Under
the New US Administration

Tuesday, 29 April 8:30 – 9:30 am ET

Andrew C. Hruska

Partner

King & Spalding

Robert K. Hur

Partner

King & Spalding

REGISTER

M E M B E R M E E T U P

Meet the LPs - Insurance Companies in
Private Markets

Thursday, 8 May 9:00 – 10:00 am ET

Liam Coppinger

Senior Manager Director,
Head of Private Equity Asia

Manulife Investment Management

Andrea Kaufman

Managing Director & Head of
Sustainable Investing

PGIM Private Alternatives

Ksenija Jovanovic

Managing Director, GH of Private Equity & Real Estate Equity

Aflac Global Investments

REGISTER

Beyond VC: Digital Infrastructure and
Credit Take Center Stage in Tech

#GPCAResearch

Tech investment is evolving. In 2024, digital infrastructure and private credit emerged as key pillars accelerating tech innovation globally, according to GPCA’s 2025 Trends in Global Tech report, signaling a broadening landscape of investors supporting tech-enabled businesses beyond traditional venture capitalists. With USD7b deployed into assets like data centers, fiber networks and telecom towers, infrastructure has become critical to global tech transformation. Meanwhile, private credit has filled gaps left by equity financing, deploying USD11.7b in tech-enabled businesses since 2021.

Tech Investment in GPCA Markets by Segment, 2017-2024 (USDb)

GPCA Members can log in to download the accompanying Data Pack, which includes disclosed investments over USD20m (sortable by tech vertical and HQ), VC fundraising and disclosed fund closes by region and exit breakdowns by geography.

Stay tuned for GPCA’s Trends in Global Tech webinar in partnership with SVB, for a timely discussion with global investors and key report insights across markets.

ACCESS REPORT

INVESTMENTS

► SoftBank Group and General Atlantic led a USD127m investment in Kavak, a Mexico-based online used car dealer. The startup also secured two USD200m debt facilities from Goldman Sachs and HSBC. #LatinAmerica

► China-based AI chip developer Axera raised a CNY1b (~USD136m) Series C from Oriza Holdings, Liangjiang Capital, Zhenhai Industry Investment and others. #Asia

► CVC Capital Partners acquired Opus Investimentos’ majority stake in Grupo GSH, a Brazil-based healthcare services provider. #LatinAmerica

► Elephant VC led a USD78m Series B for Turkey-based payments platform Sipay, with participation from QuantumLight. #CEE

► South Africa-based payments platform Stitch raised a USD55m Series B led by QED Investors, Glynn Capital, Flourish Ventures and Norrsken22. #Africa

► Monk's Hill Ventures led a USD28.8m investment in Cinch, a Singapore-based device-as-a-service platform, with participation from Z Venture Capital, 1982 Ventures, Ratio Ventures and others. #Asia

► Tidemark led a BRL240m (~USD40.9m) Series B for Onfly, a Brazil-based corporate travel and expense management platform, with participation from Endeavor Catalyst, Left Lane Capital and Cloud9 Capital. #LatinAmerica

► BlueOrchard invested USD20m in financial solutions provider TBC Bank Uzbekistan. #CEE

► GEF Capital Partners acquired 2bCaptial’s stake in Leveros, a Brazil-based air conditioning and refrigeration equipment company. #LatinAmerica

► CardinalStone Capital Advisers led a USD18m Series B+ for Anergy, a Nigeria-based solar energy provider, with participation from BII, Breakthrough Energy Ventures, Norfund and others. #Africa

► Blue Like an Orange Sustainable Capital provided a USD15m long-term loan to MiFibra, a Peru-based high-speed internet service provider. #LatinAmerica

FUNDRAISING

► Navis Capital Partners raised USD230m for its Next Generation Fund, a continuation vehicle for K-12 education assets held by Navis Asia Fund VIII. The fund provided a partial exit for Fund VII LPs alongside follow-on capital for future growth, with backing from TPG NewQuest. #Asia

► Neo Asset Management reached a INR20b (~USD232m) first close for its second private credit fund focused on mid-market opportunities across India. The vehicle has a INR50b (~USD585m) target. #Asia

► Schroders Capital reached a first close for its China renewable energy strategy with a USD100m anchor commitment from Apple. #Asia

► PRVA Capital Partners reached a EUR60 (~USD66m) first close for its fund focused on opportunities in the manufacturing, consumer health and digital sectors across Central and Eastern Europe. #CEE