Kotak Alternate Asset Managers Member Profile; Affirma Capital Leads USD145 Investment in Zambia’s Copperbelt Energy Corporation

17 January 2024
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GPCA will host the first Asia Members Meeting of the year in Singapore on 15 February 2024 from 4:30-6 pm followed by a reception.

This interactive session will discuss investment opportunities and risks in Indonesia in 2024, against the backdrop of Indonesia's presidential elections and shifting socioeconomic landscape. The meeting will also include a data presentation by GPCA and a presentation on Indonesia's political background by Control Risks.

Panel: Investment Opportunities & Risks in Indonesia

Featured Speakers:

Adrian Li, Founder & Managing Partner, AC Ventures
Fernanda Lima, Partner, LeapFrog Investments
Chee-Yann Wong, CIO, Northstar Group

Please register early; RSVPs will be accepted on a first-come, first-served basis.

REGISTER NOW

Kotak Alternate Asset Managers

S. Sriniwasan, Managing Director
#MemberProfiles

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GPC Conference 2024: New Speakers Announced

25 - 27 March | Conrad New York Downtown

#GPCAEvents

GPCA's  Global Private Capital Conference in partnership with IFC will convene on 25-27 March at the Conrad New York Downtown.

Program Highlight: Insights from GPCA’s Global Tech Council

Noor Sweid, Founder and Managing Partner, Global Ventures
Yemi Lalude, Partner, TPG
Eric Acher, Founder and Managing General Partner, monashees
Jessica Huang Pouleur, Openspace Ventures
Mehmet Atici, Partner, Earlybird Digital East
Sanjay Nath, Partner, Blume Ventures
Kuo-Yi Lim, Co-founder and Managing Partner, Monk’s Hill Ventures
Scott Voss, Managing Director, HarbourVest Partners

Early Bird rates are available through Friday, 26 January.

REGISTER NOW

INVESTMENTS

► Global infrastructure investor I Squared Capital invested USD400m for a 49% stake in Origo Energia, a Brazil-based distributed solar energy generation company. #LatinAmerica

► Silicon Box, a Singapore-based semiconductor packaging company specializing in chiplet integration services, raised a USD200m Series B from BRV Capital, Event Horizon Capital, Maverick Capital, Hillhouse Capital, Praesidium Capital, Tata Electronics, TDK Ventures and others. #Asia

► Affirma Capital led a USD145m investment in Copperbelt Energy Corporation, a Zambia-based power generation, transmission and distribution company, via a single-asset continuation deal. #Africa

► Legend Capital led a CNY660m (~USD92.9m) Series A for Sungrow Hydrogen, a China-based equipment developer for green hydrogen production, with participation from GL Ventures, Eastern Bell Capital, China Merchants Venture Capital and others. #Asia

► Base10 Partners led a USD41.5m Series B for Conta Simples, a Brazil-based corporate card issuer for SMEs, with follow-on from Valor Capital Group, DOMO, Big Bets, Y Combinator, Jam Fund and Broadhaven. #LatinAmerica

► Ezdehar Management acquired a majority stake in Egypt-based apparel retailer SETA Textiles. #Africa

► Global Ventures led a USD3m pre-Series A for Maalexi, a UAE-based risk management platform for SMEs in agriculture, with follow-on from Rockstart and Ankurit Capital. #MiddleEast

FUNDRAISING

► Asia Partners reached a USD474m final close for its second fund focusing on tech investments in Southeast Asia. #Asia

► Africa50 reached a USD222.5m first close for its Infrastructure Acceleration Fund focusing on sustainable infrastructure sectors across Africa. First-close investors include the African Development Bank and IFC. #Africa

► Portland Private Equity reached a USD100m first close for Portland Caribbean Fund III, its third flagship fund with a USD350m target. The European Investment Bank anchored the fund with a USD25m commitment through its investment arm EIB Global. #LatinAmerica

► Lexington Partners raised USD22.7b for Lexington Capital Partners X. The fund surpassed its USD15b target and significantly exceeded Lexington's prior secondary fund, LCP IX, which closed on USD14b in 2020. #Global

EXITS

► Gulf Capital fully exited AmCan, a UAE-based sports nutrition distributor, to a regional FMCG distributor operating across the Middle East and Africa. Gulf Capital first invested in AmCan in 2016. #MiddleEast

► Catalyst exited a 90% stake in its MENA Clean Energy Fund portfolio, which includes four utility-scale solar PV projects in Jordan and Egypt. #MiddleEast