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28 August 2024
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Asia Members Meeting & Singapura Sundown Reception

23 September 2024 | Singapore

#GPCAEvents

Investing in an Environment of Geopolitical Risk

Perlman_Jeffrey Warburg Headshot

Jeffrey Perlman
President

Warburg Pincus

Hemal Mirani HarbourVest Headshot

Hemal Mirani
Managing Director 

HarbourVest Partners

Craig Thorburn - Headshot

Craig Thorburn
Director, Research and Insights

Future Fund

This interactive meeting will feature a research presentation on GPCA’s Mid-Year Industry Data & Analysis, followed by a keynote session on “Investing in an Environment of Geopolitical Risk” with Jeffrey Perlman, the newly appointed President of Warburg Pincus, and Hemal Mirani, Managing Director at HarbourVest Partners. The discussion will be led by GPCA Board Member Craig Thorburn, Director of Research and Insights at Future Fund, drawing from Future Fund's recent report on geopolitics.

 

Other featured speakers:

  • Lincoln Pan, Partner and Co-Head of Private Equity, PAG
  • Eric Acher, Co-Founder & Managing General Partner, monashees
  • Sharad Todi, Senior Investment Director, Cambridge Associates

Please register early, as space is limited; RSVPs will be accepted on a first-come, first-served basis. Contact Jia Xin Ong at jxong@gpcapital.org for any questions regarding the program.

REGISTER NOW

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.

READ FULL DEAL CASE
DOWNLOAD DEAL BOOK
NW-V2Industry-News

INVESTMENTS

► Prosus Ventures acquired a minority stake in India-based mortgage lender Vastu Housing Finance for INR100m (~USD1.2b). #Asia

 

► CEECAT Capital, EBRD and Morphosis Capital agreed to provide growth financing to La Cocos, a Romana-based supermarket chain. #CEE

 

► Linzor Capital Partners invested in Win, a Peru-based telecommunications provider. #LatinAmerica 

 

► Just Climate invested INR12.56b (~USD150m) in Continuum Green Energy, an India-based renewable energy supplier. #Asia

 

► ISAGEN, a Colombia-based energy generation company, secured a COP457b (~USD113m) loan from Banco Davivienda including COP144b (~USD35m) from the Davivienda Corredores debt fund. #LatinAmerica

 

► TerraPay, a UK-founded payments platform operating in countries across Africa, raised USD75m in financing, including USD30m from IFC, USD30m from OP Finnfund Global Impact Fund and BIO and USD15m from ILX. #Africa

 

► Everest VC led a CNY130m (~USD18.2m) Series A for Beijing Bopixel Technology, a China-based supplier of high-performance machine vision core components, with participation from China Fortune-Tech Capital, Beihang Investment and Beijing 5G Industry Fund. #Asia

 

► Sherpa Healthcare Partners and Oriza Seed led a CNY100m (~USD14m) Series A for AGIBOT, a China-based developer of humanoid robots for surgeries, with participation from Hengdian Capital Management. #Asia

 

► Mergence invested ZAR160m (~USD8.9m) in Solarise Africa, a South Africa-based energy-as-a-service provider for businesses. #Africa

 

► Conjunction Capital led a USD7.3m pre-Series A for PostEx, a Pakistan-based provider of courier and logistics services, with participation from Dash Ventures and Sanabil500, as well as follow-on from VSQ, FJ Labs and Zayn VC. #Asia

 

► Norrsken22 led a USD5m Series A for WorkPay, a Kenya-based HR and payroll platform, with participation from Visa, Plug n Play and others. #Africa

 

EXITS

► Kedaara Capital and Partners Group agreed to exit their 26.47% stake in India-based housing lender Aavas Financiers via a secondary sale to CVC Capital for INR34.17b (~USD407m). #Asia

 

► Esoteric, an affiliate of KKR, exited its 17% stake in IndiGrid, an India-based power sector infrastructure investment trust, for USD213.6m. #Asia

 

► Warburg Pincus exited its 6.81% stake in Kalyan Jewellers, an India-based chain of jewelry showrooms, via a block deal for INR13b (~USD155m). #Asia

 

► General Atlantic fully exited India-based lender PNB Housing Finance for INR10.69 (~USD127.4m). #Asia

 

► YXT.com, a China-based corporate learning platform backed by Centurium Capital, MPCi, SIG China, HongShan and Yunfeng Capital, was listed on the NASDAQ and raised USD25m. The public offering valued YXT.com at USD660.8m. #Asia

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