TPG’s The Rise Fund Leads Series C for Philippines’ BillEase; BluePeak Private Capital Member Profile

11 September 2024
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BluePeak Private Capital
Walid Cherif, Co-Founder and Managing Partner

GPCA recently spoke with Walid Cherif, Co-Founder and Managing Partner at BluePeak Private Capital, about the firm's role in the evolving African private credit landscape.

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Asia Members Meeting & Singapura Sundown

23 September 2024 | Singapore

#GPCAEvents

Investing in an Environment of Geopolitical Risk

Jeffrey Perlman
Chief Executive Officer

Warburg Pincus

Hemal Mirani
Managing Director

HarbourVest Partners

Craig Thorburn
Director, 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, CEO 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.

Global Investors Private Markets Insights

Lincoln Pan
Partner and Co-Head of Private Equity

PAG

Eric Acher
Co-Founder and Managing General Partner

monashees

Hong Yong Leong

Partner

EQT Private Capital Asia

Sharad Todi
Senior Investment Director

Cambridge Associates

Cate Ambrose
CEO

GPCA

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INVESTMENTS

► Westbridge Capital led a USD200m investment in India-based ride-hailing platform Rapido, with participation from Nexus Venture Partners, Think Investments and Invus Opportunities. #Asia

► TPG’s The Rise Fund led a Series C for BillEase, a Philippines-based consumer finance platform, with follow-on from Burda Principal Investments. #Asia

► Neon, a Brazil-based digital financial services company, raised a BRL518m (~USD93m) Series E from undisclosed investors. #LatinAmerica

► Artal Capital led a SAR225m (~USD60m) Seriec C for Saudi Arabia-based car dealer Syarah, with participation from Impact46, Tawuniya Insurance, Derayah Ventures and others. #MiddleEast

► SPE Capital, EBRD, BII and Tanmiya VC fully acquired Egypt-based non-bank financial company Tamweely Microfinance for EGP2.5b (~USD51.6m). #Africa

► TA Associates acquired a majority stake in AlephYa, a UAE-based network of K-12 schools. #MiddleEast

► Oak HC/FT led a USD35m Series B for Cobre, a Colombia-based corporate treasury management platform, with follow-on from Kaszek, QED Investors and Canary. #LatinAmerica

► Enterprise Investors fully acquired Scan Lab, a Poland-based digital prosthetics laboratory. #CEE

► Altos Ventures led a USD22m Series A for Ziina, a UAE-based peer-to-peer payments platform, with participation from MEVP, Y Combinator, FJ Labs and others. #MiddleEast

► SNB Capital led a SAR65m (~USD17.3m) Series A for Malaa Technologies, a Saudi Arabia-based finance management platform, with participation from Khwarizmi Ventures, Impact46, Derayah Financial and Woken Investment. #MiddleEast

► ACON Investments invested in Rymel, a Colombia-based manufacturer of transformers for electricity distribution. #LatinAmerica

FUNDRAISING

► Proparco announced a USD15m commitment to Linzor Capital Partners’ fourth private equity fund, focused on impact investing across Latin America, particularly in Mexico, Colombia and Peru. #LatinAmerica

► Angola Sovereign Wealth Fund (FSDEA) announced a USD5m commitment to Kimbo Fund, a debut private debt fund managed by BFA Asset Management, focused on debt components of the capital structure of businesses led by young people and women in Angola. #Africa

EXITS

► Linzor Capital Partners fully exited Pagnifique, a Uruguay-based producer of frozen bread and pastries, via sale to Grupo Bimbo, a Latin American baked goods producer. #LatinAmerica

► A consortium led by NJJ Holding acquired and merged Ukraine-based, Horizon Capital-backed TV provider Datagroup-Volia and mobile operator Lifecell. #CEE

► Affinity Equity Partners fully exited Island Hospital, a Malaysia-based private hospital, via a sale to hospital operator IHH Healthcare for MYR3.92b (~USD896m). #Asia

► TPG and Tata Capital partially exited India-based engineering services company Tata Technologies for INR22.3b (~USD266.3m). #Asia

► Resource Partners acquired an 80% stake in ITH Group, the parent company of Romania-based travel agency Vola.ro and Poland-based travel agency FRU.pl, facilitating exits for 3TS Capital Partners and Catalyst Romania. #CEE

► Warburg Pincus fully exited MedPlus Health Services, an India-based retail pharmacy chain, via open market transactions for INR8.36b (~USD99.7m). #Asia