7 August 2024
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Asia Members Meeting & Singapura Sundown Reception

23 September 2024 | Singapore

#GPCAEvents

K E Y N O T E

Investing in an Environment of Geopolitical Risk

Jeffrey Perlman

President

Warburg Pincus

Hemal Mirani

Managing Director HarbourVest Partners

Craig Thorburn

Director of 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.

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

India's New Chapter:

What Is Driving the Boom in Private Capital Exits?

#GPCAResearch

GPCA’s latest report, India's New Chapter: What Is Driving the Boom in Private Capital Exits?, reveals the value of private capital exits in India surpassed USD25b in 2023 and USD11b in 1H 2024, bucking the slowdown in global private capital liquidity. After the ups and downs of past private capital cycles in India, structural changes in the market are contributing to growth in exits across all channels.

Read coverage of the report on Axios Pro Rata here.

Read The Wall Street Journal's exclusive on the report here.

Underlying data from this report is available to GPCA Members at globalprivatecapital.org. For additional questions or feedback, contact research@gpcapital.org.

ACCESS REPORT

INVESTMENTS

► Goodpack, a provider of innovative and sustainable food packaging backed by CEECAT Capital, fully acquired Paccor Romania, a manufacturer of thermoformed food packaging. #CEE

► WestBridge Capital led a USD120m investment in Rapido, an India-based bike taxi app, at a reported USD1b valuation. #Asia

► Bonus Asset Management acquired Transinnova Usme, the owner of a Colombia-based electric bus fleet, in a transaction valued at COP300b (~USD73m). #LatinAmerica

► IFC announced a USD50m commitment to BTG Pactual Timberland Investment Group’s Latin American reforestation strategy. #LatinAmerica

► Kans Capital invested USD30m in Grupo Carolo, a Mexico-based restaurant operator. #LatinAmerica

► Shorooq Partners led a USD20m Series A for Intelmatix, a Saudi Arabia-based deeptech AI company, with participation from Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company and others. #MiddleEast

► TLcom Capital and PlusVC led a USD2.5m investment in Educatly, an Egypt-based higher education network, with participation from Egypt Ventures and the HBAN syndicate from Ireland. #Africa

► Catalyst Romania and BlackPeak Capital led a EUR10m (~USD10.8m) Series B for Leanpay, a Bulgaria-based lending platform, with participation from Central Ventures and Lead Ventures. #CEE

► Algebra Ventures led a USD8.1m Series A+ for Egypt-based B2B e-commerce platform Cartona, with participation from Camel Ventures and GlobalCorp, as well as follow-on from Silicon Badia and SANAD Fund for MSME. #Africa

FUNDRAISING

► Helios Investment Partners reached a ~USD200m first close for its Climate, Energy Access and Resilience (CLEAR) Fund focused on climate change mitigation and adaptation across Africa. The vehicle has a USD400m target. #Africa

► Amicus Capital reached a INR12.15b (~USD146m) first close for its second fund focused on investments in financial services, consumer, healthcare, technology & business services and specialty manufacturing in India. #Asia

EXITS

► BTG Pactual Timberland Investment Group sold 70k hectares from its Latin America timberland assets to Suzano, a Brazil-based paper manufacturer, in a transaction valued at BRL2.1b (~USD372.7m). #LatinAmerica