14 August 2024
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Investor Training: Strategies and Resources for Increasing Participation of Women in Private Capital

20 August 2024 | Singapore

This GPCA Member training, made possible through the support of Investing in Women, will present industry platforms, guidelines and resources for increasing participation of women in private capital, as well as challenges faced by LPs and GPs.

Practitioner Faculty:

Fernanda Lima, Partner, LeapFrog Investments
Tabongkod Peunchob, Partner, Navis Capital Partners
Helen Wong, Managing Partner, AC Ventures
Hemal Mirani, Managing Director, HarbourVest Partners
Roshini Bakshi, Managing Director, Everstone Capital
Cheryl Chow, Portfolio Operations Director, Human Capital, Navis Capital Partners
Melissa Chew, Principal, Human Capital, KKR
Rowena Reyes, Investment Director, Sweef Capital
Neeti Katoch, Gender Specialist, Asian Development Bank
Tang Zongzhong, Head of Sustainability, EQT Private Capital Asia
Priya Gopalan, Head of ESG, Northstar Group

SVCA Members can attend the training for free, thanks to a collaboration with the Singapore Venture Capital & Private Equity Association (SVCA).

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LeapFrog | Ascent Meditech

GPCA Deal Book: Inclusive & Sustainable Growth

#DealCases

LeapFrog Investments Ascent Meditech, NW

In July 2018, LeapFrog Investments invested in Ascent Meditech, an India-based manufacturer of orthopedic medical devices. The company produces over 400 healthcare products, including heat belts, braces, orthotics, bandages, wheelchairs, walkers, crutches and adult diapers.

With LeapFrog's support, Ascent implemented a recruitment policy that advocated for hiring local people in its production facilities. About 37% of these employees are women. LeapFrog collaborated with Ascent's management to create a supportive environment, including separate facilities for women, an on-site female doctor and a staffed daycare for childcare access. Ascent further engaged the community by sourcing local goods and services, organizing health camps and funding scholarships. Most of Ascent’s products, priced 30% lower than competitors, cater to low-income consumers, with 90% of sales reaching those living on under USD11.20 per day.

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INVESTMENTS

► Innova Capital acquired a controlling stake in Poland-based education platform Tutore. #CEE

► Cerberus, EBRD and IFC fully acquired Poland-based universal bank VeloBank from the Bank Guarantee Fund. #CEE

► Hybrid Capital, a division of Old Mutual Alternative Investments, and Rand Merchant Bank invested in South Africa-based investment management company Thebe. #Africa

► Ola Electric, an India-based e-scooter manufacturer backed by SoftBank, raised USD734m in its IPO. #Asia

► China-based AI platform Baichuan Intelligent Technology raised a CNY5b (~USD691.4m) Series A, with participation from Legend Star, Alibaba, Tencent, Xiaomi and others. #Asia

► Apollo acquired a 50% stake in Vale Oman Distribution Center, an Oman-based maritime terminal operator, for USD600m. #MiddleEast

► China-based AI platform Moonshot raised a CNY2.14b (~USD300m) investment, at a reported USD3.3b valuation, with participation from Tencent, Gaorong Capital, Alibaba and others. #Asia

► Notable Capital led a USD105m round for Stori, a Mexico-based credit card issuer for the underbanked, with participation from ACE Startups, Redpoint Ventures and follow-on from General Catalyst, GIC, Goodwater, Lightspeed Ventures and Tresalia; Stori also raised a USD107m debt round from Goldman Sachs and Davidson Kempner Capital Management. #LatinAmerica

► Batbox, a Mexico-based baseball simulator, raised a USD7.3m Series A with participation from Emerging Fund and MG Partners. #LatinAmerica

► Initialized Capital led a USD8.5m pre-Series A for Caliza, a Brazilian instant payments platform. #LatinAmerica

► MiniVet, a Lithuania-based vet clinic chain backed by INVL Asset Management, acquired two clinics from Tarandės Gyvūnų Namai. #CEE

FUNDRAISING

► African Infrastructure Investment Managers reached a USD748m final close for its fourth Infrastructure Investment Fund focused on digital infrastructure, energy transition and mobility & logistics across Africa. #Africa

► China-based smartphone manufacturer Xiaomi reached a CNY10b (~USD1.4b) final close for Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund focused on new-generation information technology, intelligent manufacturing, new materials, artificial intelligence and display devices across China. #Asia

► responsAbility Investments reached a USD200m second close for its Asia Climate strategy, which focuses on sectors such as renewable energy, battery storage, electric mobility and the circular economy. #Asia

EXITS

► Adenia Partners fully exited OMOA Group, a Côte d'Ivoire-based digital payment provider operating in West and Central Francophone Africa, via a sale to SPE Capital. #Africa

► NY-based cross-border payment services provider Payoneer acquired Singapore-based global HR and payroll startup Skuad for USD61m, facilitating exits for Anthemis, Argor Capital and Beenext. #Asia