GPCA Member Meetup Next Week; EQT Secures USD11.4b for BPEA Private Equity Fund IX

23 July 2025
View in browser

Next Week: Meet the LPs – Thematic Investing in Private Markets

30 July 2025 | Virtual

#GPCAEvents

From climate to supply chains to financial inclusion, this Member Meetup looks at investors — LPs, co-investors and direct investors — considering non-financial outcomes alongside financial returns. Members interested in building relationships with thematic and impact investors active in global private markets are encouraged to participate.

During the one-hour session, GPCA Members will have the opportunity to participate in an interactive Q&A.

Member Meetups are designed to connect private capital players, including fund, institutional, corporate and development finance investors, for unscripted sharing on market trends around the world.

Harry Davies

Principal
Ceniarth

Nicolas Muller

Managing Director (Head of Private Equity Partnerships)
Blue Earth Capital

Bhavika Vyas

Managing Director
StepStone Group

Dimple Sahni

Managing Director of Multi Asset Impact
Anthos Fund & Asset Management

REGISTER NOW

Upcoming Singapore Programming

19 August & 15 September 2025 | Singapore

#GPCAEvents

Mark your calendar for two can’t-miss events:

GPCA will host an investor training from 9 am - 5 pm, followed by a cocktail reception from 5 - 6:30 pm on 19 August 2025 at the Sands Expo & Convention Centre. This training will examine how gender-informed decision-making can propel value creation in private capital. Investors who want to align their performance and impact with gender lens investing are invited to join.

This event is held in partnership with Investing in Women, an initiative of the Australian Government, and FMO, the Dutch entrepreneurial development bank.

REGISTER NOW

Registration is now open for GPCA’s annual Asia Members Meeting on 15 September 2025, followed by the Singapura Sundown Reception at CÉ LA VI, Marina Bay Sands Singapore. This interactive session will feature panel discussions with LPs and GPs and a research presentation with key takeaways from GPCA’s Mid-Year Industry Data & Analysis.

JOIN US

Foursan Group | Jo Academy

GPCA Deal Book V: Inclusive & Sustainable Growth

#MemberProfiles

In November 2021, Foursan Group invested in Jo Academy, a Jordan-based online learning platform that offers both live and pre-recorded classes. Students can access a variety of courses through an electronic portal accompanied by books, supplemental educational materials and technical assistance.

With Foursan’s support, Jo Academy expanded its content from the first to eleventh grade to include university and international courses and began utilizing AI and adaptive learning tools. The platform connects students, teachers and parents, offering personalized insights into student performance. Since Foursan’s investment, Jo Academy has grown from 83 to 478 employees as of October 2024, and the percentage of women has increased from 30% to 43%. Designed as an affordable alternative to in-person educational centers, Jo Academy primarily serves low- to middle-income families and currently offers free access to 8,000 gifted students at no cost.

READ FULL DEAL CASE

READ FULL DEAL BOOK

INVESTMENTS

► Vietnam-based conglomerate Vingroup raised USD750m in private credit funding for its subsidiaries, VinFast and Vincom Retail, from SeaTown and others. #Asia

► East Ventures led an investment in Sxored, an Indonesia-based credit analysis platform. #Asia

► Stonepeak invested USD1.3b in Princeton Digital Group, a Singapore-based data center operator. #Asia

► AfricInvest invested in Unisystem, a Morocco-based electronic security systems provider. #Africa

► Multiples agreed to acquire a 32% stake in India-based luggage brand VIP Industries for INR17.6b (~USD205m). #Asia

► Innovatio Capital invested in Gallos de Querétaro, a Mexico-based professional football club. #LatinAmerica

► ChrysCapital agreed to acquire a 90% stake in India-based bakery chain Theobroma Foods for INR24.1b (~USD280m), facilitating an exit for ICICI Venture. #Asia

► Seraya AQX fully acquired Singapore-based telecom service provider SPTel for SGD290m (~USD225.5m). #Asia

► Portage Ventures and i80 Group led a Series B for OCN (formerly OneCarNow), a Mexico-based rental car startup for gig workers. #LatinAmerica

► CVC Capital Partners led a USD220m investment in Singapore-based eSim provider Airalo, with follow-on from Peak XV and Antler Elevate. #Asia

► INVL acquired Romania-based tissue paper manufacturer Pehart Group from Abris Capital, with EUR150m (~USD174.3m) in financing led by IFC, Banca Transilvania and ING Bank Romania. #CEE

► Meituan led a USD122m angel+ round for Tars, a China-based AI robots developer, with participation from Peakvest, Hone Capital, CICV Investment, Saif Partners and others. #Asia

► Bessemer Venture Partners and Cloud9 Capital invested USD100m in Canopy, a US-based company dedicated to acquiring technology businesses, to expand into Brazil. #LatinAmerica

► NEA led a USD26.5m Series B for NG.Cash, a Brazil-based digital money management platform for Gen Z with participation from Endeavor Catalyst, monashees and others. #LatinAmerica

FUNDRAISING

► EQT secured USD11.4b in commitments for its ninth regional PE fund focused on Asia. #Asia

► BlueFive Capital raised USD2b for its Reef Private Equity Fund focused on investing in high-growth businesses and conglomerates across the UAE and the broader GCC. #MiddleEast

► Valante Capital raised USD115m for its second Ascend Fund focused on scaling consumer and retail platforms across Latin America. #LatinAmerica

EXITS

► Qiming Venture Partners, Yunfeng Capital, Hony Capital and others agreed to exit China-based cancer medication developer LaNova Medicines for USD951m via a sale to Sino Biopharmaceutical. #Asia

► Vicenne, a Morocco-based medical equipment company backed by Amethis, raised MAD500m (~USD54.7m) through an IPO on the Casablanca Stock Exchange. #Africa

► AIIM fully exited three South Africa-based renewable energy assets for ZAR750m (~USD41.9m). #Africa