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24 July 2024
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India's New Chapter:

What is Driving the Boom in Private Capital Exits?

#GPCAResearch

GPCA has released its latest report, India's New Chapter: What Is Driving the Boom in Private Capital Exits? 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.

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

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GPCA Asia Members Meeting & Singapura Sundown Reception

23 September | 16:00 SGT

#GPCAEvents

Registration is now open for GPCA’s annual Asia Members Meeting on 23 September 2024, 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.

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Space is limited to one attendee per firm. Please register early; RSVPs will be accepted on a first-come, first-served basis.

 

For questions, please contact Felicia Chia, Director of Asia, at fchia@gpcapital.org.

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NW-V2Industry-News

INVESTMENTS

► Warburg Pincus invested USD100m in Matera, a Brazil-based banking software solutions provider. #LatinAmerica

 

► Philippines-based real estate investment firm Lhoopa raised USD80m, with USD60m in debt from the Asian Development Bank, DFC, Lendable and others, as well as USD20m in equity led by IFC and Wavemaker Partners, with participation from Pavilion Capital, 10X Group and others. #Asia

 

► Peak XV Partners led a USD60m+ Series B for Partior, a Singapore-based fintech platform utilized by banks to facilitate payments for their customers, with participation from Valor Capital Group and Jump Trading Group, as well as follow-on from Temasek, J.P. Morgan and Standard Chartered. #Asia

 

► Helios Sports & Entertainment Group invested in PFL Africa, a newly launched regional martial arts league that will be part of the Professional Fighters League network. #Africa

 

► Caravela Capital led a USD86m equity and debt Series A for OCN (formerly OneCarNow), a Mexico-based rental car startup for gig workers, with participation from Collide Capital, Great North Ventures and i80 Group. #LatinAmerica

 

► Equinor Ventures and Shorooq Partners led a USD37m Series A for 44.01, an Oman-based developer of carbon mineralization tech, with participation from Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund and others. 

#MiddleEast

 

► Riverwood Capital led a BRL126m (~USD23m) Series B for netLex, a Brazil-based contract management platform. #LatinAmerica

 

► Patria invested BRL120m (~USD22.1m) in debentures to finance the construction of a solar photovoltaic park operated by AXS Energia, a Brazil-based renewable energy provider. #LatinAmerica

 

► Earlybird Digital East led a USD3m pre-seed round for Grand Games, a Turkey-based mobile game developer, with participation from Laton Ventures. #CEE

 

► Philippines-based beauty and skincare brand Niv Della raised USD2m from Foxmont Capital Partners and DSG Consumer Partners. #Asia

 

► Mill Point Capital agreed to invest MXN8b (~USD446m) in the refrigeration and food service equipment operations of FEMSA, a Mexico-based beverage and retail company. #LatinAmerica

 

FUNDRAISING

► Metier reached a USD219m+ final close for its third capital growth fund focused on mid-market companies in Sub-Saharan Africa. #Africa

 

► Value4Capital reached a EUR110m (~USD119.7m) first close for its second V4C Poland Plus Fund focused on lower mid-market companies in Poland, Romania and the  broader CEE region. #CEE

 

► Oasis Capital Ghana reached a USD33.3m first close for its second Africa fund focused on SMEs in West Africa, particularly in Ghana and Cote d'Ivoire. The vehicle has a USD100m target. #Africa

NW-V2Events-&-Trainings

Investor Training: Strategies and Resources for Increasing Participation of Women in Private Capital

20 August 2024

Singapore

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Asia Members Meeting & Singapura Sundown Reception

23 September 2024

Singapore

LEARN MORE

GPCA Members Reception

18 November 2024
London

LEARN MORE

GPCA Investors Meeting

19 November 2024
London

LEARN MORE

GPC Conference 2025

7-9 April 2025
New York

LEARN MORE

Industry Events

SuperReturn Asia

24-27 September 2024

Marina Bay Sands Convention Centre, Singapore

AFSIC: Investing in Africa

7-9 October 2024

Park Plaza, Westminster, London

LAVCA Week 2024

8-11 October 2024

Conrad New York Downtown

37th Annual AVCJ Forum

18-21 November 2024

Four Seasons Hotel, Hong Kong

GPCA Data & Intelligence

India's New Chapter: What is Driving the Boom in Private Capital Exits?
India's New Chapter: What is Driving the Boom in Private Capital Exits?
Q1 2024 Industry Data & Analysis
Q1 2024 Industry Data & Analysis
2024 Trends In Global Tech
2024 Trends In Global Tech
Tracking Cross-Border Private Capital: New Links Between Asia and the Middle East
Tracking Cross-Border Private Capital: New Links Between Asia and the Middle East
View all GPCA Data & Intelligence
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