29 April 2026
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GPCA EVENTS

GPC Conference: Two Weeks Away

11-13 May 2026 | New York

With LPs increasingly focused on the outlook for distributions following an extended period of capital deployment and limited realizations, liquidity remains a top priority. This year’s GPC Conference opens on 11 May with a data-driven, IFC-led workshop on returning capital.

The DFI Perspective: Capital Returns & Liquidity

Farid Fezoua

Director of Equity, Funds & Venture Capital

IFC

Thomas Kronsbein

Director, Private Equity

Global Markets
DEG

Richard Okello

CEO & Co-Founder

Sango Capital

Andrea Onate

Global Lead, Private Equity

Co-Investments
IFC

Nicholas Vickery

Global Head of Private

Equity Funds

IFC

Participating LPs:

ADB

ALTÉRRA
APG Asset Management
Asia Alternatives
BII

CAF

Calvert Impact

Cambridge Associates
CalSTRS

Church Pension Fund

Cleveland Clinic

Daiichi Life North America Inc.

DEG

EBRD

Fin Dev Canada
Future Fund

Gates Foundation

IDB Invest

IFC

KfW

La Caisse

MetLife

Proparco

Prudential

SIFEM
StepStone Group
Summation Capital
Temasek
TMRS

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GPCA RESEARCH

Data Insight: What Comes Next for the "Capital of Capital"

The US and Israel’s military conflict with Iran has disrupted supply chains, damaged energy infrastructure and introduced a new wave of uncertainty for private capital investors in the Middle East. Nonetheless, new announcements from global fund managers are signaling sustained commitment to the region following a record 2025 for fundraising and investment activity.

For a closer look at the dataset featured in this report, GPCA Members can log in to access the full Data Insight or visit the Data Room & LP Intelligence platform for underlying data. For questions, comments or to request additional data cuts, contact research@gpcapital.org.

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GPCA LEADERSHIP COUNCILS

GPCA Asia Council Meeting: Key Takeaways

GPCA's Asia Council convened recently, led by Council Chair Brian Lim of Pantheon Ventures. Highlights of the discussion include:

The Middle East conflict has had a muted near-term impact on portfolios, with GPs maintaining deployment. Focus has shifted to second-order risks, such as inflation, supply-chain disruptions, currency pressure and potential FY27 earnings impacts.
Regional divergence is shaping risk and opportunity: Japan faces overheating and pricing discipline concerns, China is seeing a surge in AI- and robotics-driven activity, and India is experiencing short-term strain amid energy and market pressures, despite strong long-term fundamentals.
AI disruption is emerging as a central theme, with investors focused on its impact — particularly on software — while selectively deploying capital into infrastructure, semiconductors and digitalization opportunities across Asia.

VIEW ASIA COUNCIL

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INVESTMENTS

► USA Rare Earth, a mining group backed by the US government, has agreed to acquire Brazil-based critical minerals producer Serra Verde in a cash-and-stock deal worth USD2.8b. #LatinAmerica

► Medtronic led a USD100m investment in Pulnovo Medical, a China-based developer of medical devices, with participation from EQT, Qiming Venture Partners, Gaorong Ventures and others. #Asia

► Xiaomi and Sequoia China led a RMB2b (~USD276m) Series B for X Square Robot, a China-based embodied AI robotics company. #Asia

► Garena led a USD50m investment in Shanghai Yongyue Intelligent Technology, a China-based AI applications developer and parent company to Loopit, with participation from Matrix Partners China, Lanchi Ventures, INCE Capital and Bairui Capital. #Asia

► ICICI Venture led a USD20m investment in Agrow Allied Ventures, an India-based agrochemicals manufacturer. #Asia

► Amethis, Proparco and ccap.ai agreed to acquire Vertice MedTech, a South Africa-based distributor of specialized medical products. #Africa

► Mediterrania Capital Partners agreed to acquire Amcor Flexibles Mohammedia, a Morocco-based flexible packaging manufacturer. #Africa

► IG4 Capital agreed to acquire a controlling stake in Braskem, a Brazil-based petrochemical producer, from Novonor. #LatinAmerica

► Copenhagen Infrastructure Partners invested in Project Patache, a Chile-based battery energy storage system (BESS). #LatinAmerica

► Vinci Compass agreed to combine its Argentine asset management operations with BACS Asset Management, an Argentina-based local mutual fund manager. #LatinAmerica

FUNDRAISING

► Speedinvest reached a first close for its Middle East and Africa-focused fund, with commitments from Qatar Investment Authority, Mubadala Investment Company and European Investment Bank, targeting early-stage technology investments across the region. #MiddleEast