Call for Participation: 2025 GPCA Deal Book and Awards; Multiples Raises USD430m for Continuation Fund from Global LPs

7 May 2025
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Call for Participation:
2025 GPCA Deal Book and Awards

#DealAwards #DealBooks

GPCA is pleased to invite GPCA Member firms to participate in the 2025 GPCA Deal Awards and GPCA Deal Book. Both initiatives highlight fund managers who have achieved extraordinary investment outcomes in Asia, Africa, Latin America, Central & Eastern Europe and the Middle East. GPCA is excited to announce the addition of the Better Tech and Deal Innovation awards categories this year, recognizing even more outstanding achievements across our community.

The GPCA Deal Awards program recognizes investments across five categories:

2025 GPCA Environmental Sustainability Award (an exit is not mandatory)
2025 GPCA Social Impact Award (an exit is not mandatory)
2025 GPCA Better Tech Award (an exit is not mandatory)
2025 GPCA Deal Innovation Award (requires a partial or full exit)
2025 GPCA Deal of the Year Award (requires a partial or full exit)

Member firms can submit one deal for consideration for the Deal Awards, Deal Book or both.

Firms that were featured in the 2024 Deal Book are ineligible to participate in the 2025 Deal Book but are welcome to submit for the Deal Awards.

To request a submission form and submit a deal, please contact Toluwani Adedeji at tadedeji@gpcapital.org. All submission forms must be completed and received by 7 July 2025. Please visit the GPCA website for more information on the GPCA Deal Awards program as well as previous editions of the GPCA Deal Book.

Winners will be chosen by an independent panel of LP judges and announced at a special ceremony as part of GPCA's London programming on 11 and 12 November 2025.

Last Chance to Register: Member Meetup

8 May 2025 | Virtual

#GPCAEvents

GPCA Members are invited to participate in our next Global Member Meetup, taking place this Thursday, 8 May at 9am ET. This session explores the role of insurers in private capital and offers members an opportunity to connect with insurers active in global markets.

M E M B E R M E E T U P

Meet the LPs - Insurance Companies in
Private Markets

Thursday, 8 May 9:00 – 10:00 am ET

Liam Coppinger

Senior Manager Director,
Head of Private Equity Asia

Manulife Investment Management

Ksenija Jovanovic

Managing Director, GH of Private Equity & Real Estate Equity

Aflac Global Investments

REGISTER

INVESTMENTS

► Kotak invested INR20b (~USD237m) in Alaknanda Hydro, an India-based 330 MW hydroelectric power plant project that is managed by GVK Group. #Asia

► ALTÉRRA invested USD100m in India-based renewable energy developer Evren, with participation from Brookfield and others. #Asia

► Advent agreed to acquire tbi bank, a Bulgaria-based consumer- and SME-focused bank that is also operating in Romania and Greece. #CEE

► Apis Partners and Vitruvian Partners led a USD150m Series D for Thunes, a Singapore-based global payments infrastructure platform. #Asia

► Kotak invested INR12b (~USD142m) in Ace Designers, an India-based manufacturer of CNC turning and machining centers. #Asia

► CVC Capital Partners agreed to invest in Dream Games, a Turkey-based mobile gaming platform, with debt financing provided by Blackstone and others. #CEE

► Apex Capital acquired a majority stake in California-based Juanita’s Foods, a leading producer of Mexican food products. #LatinAmerica

► Haier Energy, the renewable energy arm of China-based home appliance company Haier Group, raised a CNY700m (~USD96.1m) Series A from SDCI Chuangyi, Kunlun Capital, Rockets Capital and others. #Asia

► Citi Ventures and Kaszek led a USD40m equity round for Clara, a Mexico-based corporate spending platform. General Catalyst provided an additional USD40m in a debt-like facility out of its Customer Value Fund. #LatinAmerica

► Cyber.Fund and Maven11 led a USD10m seed round for Resolv Labs, a UAE-based low-risk crypto investments platform, with participation from Coinbase Ventures, SCB Limited, Gumi Cryptos and others. #MiddleEast

► GIC acquired Itabapoana, a Brazil-based energy transmission project, from energy distributor Neoenergia. #LatinAmerica

► Prosus Ventures led a USD4.3m pre-Series A for Zest Equity, a UAE-based digital infrastructure solutions platform for private market transactions, with participation from Morgan Stanley Inclusive and Sustainable Ventures (MSISV). #MiddleEast

FUNDRAISING

► Multiples raised USD430m for a multi-asset continuation fund from HarbourVest, TPG, LGT and Hamilton Lane, with participation from StepStone. #Asia

► Enterprise Investors reached a EUR 340m (~USD385m) final close for its ninth fund focused on technology, financial services, consumer products, business services, healthcare, retail and manufacturing sectors in Central & Eastern Europe. #CEE

► EIB Global committed US60m to LeapFrog’s Climate Investment Strategy focused on green technologies in Africa and Asia. #Global

► Revo Capital reached a USD86m first close for its third fund focused on engineer-founded startups in Turkey. The vehicle has a USD100m target. #CEE

► Aruwa Capital reached a USD35m first close for its second fund focused on investing in SMEs in Nigeria and Ghana. The vehicle has a USD50m target. #Africa

EXITS

► Mediterrania fully exited Morocco-based private healthcare provider Akdital. #Africa

► TPG exited its 3.9% stake in India-based engineering and digital services company Tata Technologies via block trades for INR10.68b (~USD126.5m). #Asia

► CDPQ completed the sale of Difebal, a 132-mile transmission line in Uruguay, to Energy Capital Partners-back Atlantica Sustainable Infrastructure. #LatinAmerica