2024 GPCA Deal Awards Winners; New Q3 2024 GPCA Data; Actis Reaches USD560m Final Close for Asia Climate Transition Fund

20 November 2024
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New GPCA Programming

3 December 2024 | Virtual

#GPCAEvents

Global Member Meet Up Investing in Healthcare (5)

GPCA Members are invited to participate in a new series of global investor meetups happening over Zoom. The series kicks off with a session on Tuesday, 3 December, 9–10am ET dedicated to healthcare investing.

Building on the success of GPCA’s Leadership Councils, Member Meetups have been designed to connect private capital players – including fund, institutional, corporate and development finance investors – for unscripted sharing on market trends around the world.

F E A T U R E D M E M B E R S

Labeeb M. Abboud

Chairman and CEO, Global Healthcare Investment Corporation

GHIC is an independent not-for-profit corporation whose mission is to mobilize private, public and philanthropic capital to accelerate the development, commercialization and access to products and technologies to improve global health and strengthen global health security.

Julie Frye

Partner, Gates Foundation Strategic Investment Fund

Julie is focused on healthcare delivery, which comprises debt, equity and volume guarantee investments that improve primary healthcare, maternal and child health and infectious disease, often through technology-enabled diagnostics, devices and software.

Other Participating Member Firms:

Quadria Capital
TVM Capital Healthcare
AfricInvest
Tata Capital Healthcare Fund

REGISTER HERE

Winners of the 2024 GPCA Deal Awards

London | Hotel Café Royal

#DealAwards

In response to widespread excitement over responsible investing globally, GPCA recognizes private capital investments with extraordinary outcomes across Asia, Latin America, Africa, CEE and the Middle East with the Deal Awards.

The 2024 GPCA Awards were announced during a ceremony at the annual GPCA Investors Meeting in London on 19 November.

For more exemplary private capital investment cases in Asia, Latin America, Africa, Central & Eastern Europe and the Middle East, download the GPCA Deal Books. For more information on the GPCA Awards or Deal Books, please contact Toluwani Adedeji at tadedeji@gpcapital.org.

VIEW 2024 DEAL AWARD WINNERS

Q3 2024 Industry Data & Analysis

#GPCAResearch

GPCA recently released its Q3 2024 Industry Data & Analysis, featuring in-depth private capital data and commentary on key trends across global markets. GPCA Members can log in to download the Q3 2024 Industry Data & Analysis Excel file.

Overall private capital investment across GPCA markets – including Asia, Latin America, Africa, CEE and the Middle East – fell slightly to USD23.9b in Q3, and deal count dropped to 734 disclosed transactions, with fewer VC deals executed.

GPCA Members can log in to download the Q3 2024 Industry Data & Analysis Excel file, which contains expanded analysis and commentary; fund and transaction listings; and breakdowns of investment activity by asset class, sector and geography.

ACCESS DATA

INVESTMENTS

► Partech led a Series A for Beacon Power Services, a Nigeria-based provider of data and software solutions for the power sector, with participation from Seedstars Africa Ventures, FinnFund, Proparco Group and others. #Africa

► CDH Investments and Blue Lake Capital led a USD100m Series B1 for Zelos, a China-based developer of unmanned logistics vehicles. #Asia

► General Catalyst led a USD67.5m Series B for Lean Technologies, a Saudi Arabia-based financial services provider for businesses, with participation from Bain Capital Ventures, Duquesne Family Office and Arbor Ventures. #MiddleEast

► Old Mutual PE and Sphere Investments agreed to fully acquire Much Asphalt, a South Africa-based commercial manufacturer of asphalt and bituminous binders and emulsions, from AECI for ZAR1.1b (~USD63m). #Africa

► SoftBank led a USD60m Series C for Blip, a Brazil-based customer chatbot that runs on digital channels including WhatsApp, with participation from Microsoft. #LatinAmerica

► Reach Capital led a USD12m Series A for Cometa, a Mexico-based finance management platform for educational institutions. #LatinAmerica

FUNDRAISING

► Actis reached a USD560m final close for its Asia Climate Transition fund, focusing on climate solutions, including energy efficiency, smart grids, district energy and sustainable transport investments, across Asia. The Hong Kong Monetary Authority anchored the vehicle. #Asia

► BTG Pactual secured USD500m for its Latin American Reforestation Strategy which is focused on the restoration of natural forest and sustainable commercial tree farms. #LatinAmerica

► Bek Ventures (formerly Earlybird Digital East Fund) reached a EUR235m (~USD250m) close for its third fund focused on early-stage tech investments in CEE. #CEE

► Abakkus Asset Managers raised INR24b (~USD284.4m) for its maiden Four2Eight Opportunities Fund focused on mid-to-late-stage unlisted companies in India. #Asia

► Cogito Capital Partners reached a EUR90m+ (~USD96m+) first close for its second fund focused on investing in enterprise software, fintech and healthtech sectors in Europe. The vehicle has a EUR125m (~USD133.5m) target. #CEE

► Pavestone Capital reached a INR8.2b (~USD97m) final close for its maiden fund focused on early growth-stage companies in India. The vehicle exceeded its INR6b target (~USD70m). #Asia

► Intudo Ventures raised USD75m for its fourth fund focused on investing in startups, as well as USD50m for a fund focused on investing in natural resources and renewable energy in Indonesia. #Asia

EXITS

► African Infrastructure Investment Managers exited its 12.67% stake in South Africa-based highway manager Bakwena Platinum Corridor Concession via a sale to Gaia Fund Managers. #Africa