New Speakers at GPC Conference; 2024 GPCA Industry Data; CVC Closes USD6.8b Asia Fund VI

28 February 2024
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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.

F E A T U R E D K E Y N O T E S E S S I O N

The Business of Sports in Africa

Join Masai Ujiri of the 2019 Champion Toronto Raptors and Tope Lawani of Helios Investment Partners as they discuss their collaboration around NBA Africa.

Masai Ujiri

Vice-Chairman and President

Toronto Raptors

Tope Lawani

Co-CEO

Helios Investment Partners

Event highlights include:

LP Perspectives on Private Markets with Craig Thorburn of Future Fund, Leo Chenette of New York State Common Retirement Fund and Mateo Goldman of US DFC
Welcome Reception at Tribeca 360° on Monday 25 March
GP trainings on How to Build Alignment with LP Co-Investors with IFC and Boosting Your Firm as a Trusted Partner: Moving From a Compliance to a Risk Mitigation Mindset with FMO

REGISTER NOW

2024 Industry Data & Analysis

GPCA released its 2024 Industry Data & Analysis, featuring in-depth private capital data, commentary and analysis on key trends across global markets.

Overall private capital deal value across GPCA's markets – including Asia, Latin America, Africa, CEE and the Middle East – declined by 50% in 2023, reaching nearly USD94b across 4,416 disclosed transactions.

After the tech-led investment boom from 2H 2020 through 1H 2022, new headwinds have affected the dealmaking environment – with higher interest rates, inflation, macro uncertainty, war and geopolitical rivalries leading to the largest decline in investment activity globally since 2008.
The deceleration in deal flow across GPCA markets is in line with trends in the United States and the EU, as reported by NVCA and Invest Europe.

GPCA Members can log in to download the 2024 Industry Data & Analysis Excel file.

For questions and feedback or to request custom data cuts from the research team – including GPCA’s complete fund- and deal-level dataset – please contact research@gpcapital.org.

ACCESS DATA

FinCEN Proposes Anti-Money Laundering Requirements for Certain Investment Advisers

Debevoise & Plimpton goes in-depth on the new US Treasury Department Financial Crimes Enforcement Network (FinCEN) proposal to require certain investment advisers to establish anti-money laundering (AML) and countering the financing of terrorism (CFT) programs. Read the full article here.

INVESTMENTS

► Teyliom Finance, the financial services subsidiary of Côte d'Ivoire-based conglomerate Teyliom Group, received USD25m in financing, with USD20m from BluePeak Private Capital and USD5m from Swedfund. #Africa

► Moonshot AI, a China-based B2C AI startup, raised USD1b from HongShan, Xiaohongshu, Meituan, Alibaba and others. #Asia

► National Investment and Infrastructure Fund (NIIF) agreed to acquire a majority stake in India-based digital infrastructure company iBus for USD200m. #Asia

► Goldman Sachs led a USD55m Series B for Simetrik, a Colombia-based B2B financial solutions platform, with participation from FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst and others. #LatinAmerica

► Verod Capital acquired a 65% stake in Nigeria-based gym chain i-Fitness from CardinalStone for USD12m. CardinalStone first invested in the company in 2019. #Africa

► India-based mobility fintech platform Moove raised a USD10m debt round from Stride Ventures. #Asia

► Transparently.AI, a Singapore-based fraud detection platform, raised a USD3m pre-Series A from Franklin Templeton, valuing the company at USD20m. #Asia

FUNDRAISING

► CVC Capital Partners reached a USD6.8b final close for its sixth Asia fund focused on control, co-control and partnership investments in core consumer and services sectors across the region. #Asia

► Partech Partners reached a EUR280m (~USD300m) final close for its second Africa fund. The vehicle will support seed to Series C rounds for startups focused on education, mobility, finance, healthcare, delivery and energy across the region. #Africa

► Private equity investor AINDA Energia & Infraestructura launched two parallel funds with targets of MXN10.5b (~USD618m) and USD200m to invest in Mexico and Colombia, respectively. Sectors of interest include transportation, logistics, mobility, water, oil, gas and electricity. #LatinAmerica

EXITS

► Fairfax exited India’s National Stock Exchange (NSE) for INR15.7b (~USD189m). Fairfax first invested in NSE in 2016. #Asia

► Alta Growth Capital exited Grupo Industrial Artes Graficas, a Mexico-based label manufacturer, through a sale to global packaging company Sigma Q Packaging. #LatinAmerica