10 September 2025
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LEADERSHIP COUNCILS

GPCA Energy Council Meeting: Key Takeaways

GPCA's Energy Leadership Council convened last week, led by Council Chair Lucy Heintz of Actis.

Highlights of the discussion:

There has been a paradigm shift from “energy transition” to “energy addition,” with growing demand requiring new capacity rather than replacing existing sources. New demand patterns may favor renewable sources due to their speed of deployment.
Investors cautioned that AI-driven energy investment could mirror the overbuild of fiber networks in the early 2000s, with uncertain near-term commercial payoffs.
An integrated approach — from generation assets to transmission, distribution and manufacturing components — is required for renewable energy development, with battery energy storage systems critical for grid reliability.
Supply gaps, industrialization, manufacturing growth, supply chain shifts and the influx of global tech players are fueling energy investment opportunities outside of the US and Europe — even before considering the implications of AI.

VIEW ENERGY COUNCIL

LAST CHANCE TO REGISTER

Asia Members Meeting & Sundown Reception

15 September | Singapore

This year’s agenda will feature GPCA's Mid-Year Industry Data and Analysis and two panel discussions on Asia’s role in private global markets and investment opportunities across the world today. The meeting will take place at the PwC Office from 4:30 - 6 pm, followed by the Sundown Reception from 6 - 8 pm at CÉ LA VI with a view of the Singapore skyline.

F E A T U R E D P A N E L

Asia in the Context of Global Diversification in Private Markets

Eshwar Karra

Deputy Managing Director

Kotak Alternate Asset Managers

Vish Ramaswami

Head of Asia-Pacific Private Investments

Cambridge Associates

Hemal Mirani

Managing Director

Harbourvest

Brian Lim
Partner & Head of Asia and Emerging Markets Investment Teams

Pantheon

The second panel, Global Private Capital Opportunities Today, will feature Anish Jain of Brookfield, Shaun Khubchandani of Siguler Guff, Shu Nyatta of Bicycle Capital and
Nikhil Srivastava of PAG.

REGISTER NOW

GPCA EVENTS

An Afternoon with Cambridge Associates

23 September, 5 - 7 pm | Dubai

This special gathering, hosted in partnership with Global Ventures and organized by MEVCA, will bring together investors, fund managers and ecosystem leaders for an afternoon of insights and connection. The event will feature commentary from GPCA Board Members:

Andrea Auerbach

Global Head of Private Investments

Cambridge Associates

Noor Sweid

Founder & Managing Partner

Global Ventures

REQUEST TO JOIN

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Industry News

INVESTMENTS

► Abu Dhabi Investment Authority agreed to invest USD1.5b in GLP, a Singapore-based logistics and data infrastructure company. #MiddleEast

► Old Mutual Private Equity agreed to acquire a majority stake in pan-African higher education network Honoris United Universities, facilitating an exit for Actis. #Africa

► Vision Ridge Partners led a USD250m investment in Mexico-based clean mobility platform VEMO. #LatinAmerica

► TPG invested USD150m in Tessolve, an India-based provider of semiconductor engineering and turnkey solutions. #Asia

► Tribe Capital and Pelion Ventures led a USD100m investment in Mexico-based financial services firm Kapital, with participation from Y Combinator, Marbruck Ventures and True Arrow. #LatinAmerica

► Mattilda, a Mexico-based finance management and tuition collection platform for private schools, secured a USD50m credit facility from Lendable. #LatinAmerica

► Patria Investments agreed to invest in Brazil-based distribution hub Cariacica Logistics Center in a transaction valued at BRL206.7m (~USD38m). #LatinAmerica

► Patria Investments acquired the Paranapanema Highway lot concession in Brazil. #LatinAmerica

► Vinci Compass acquired the RIOgaleão airport concession in Brazil. #LatinAmerica

► Gramercy and Proparco invested BRL135m (~USD25m) in Frooty, a Brazil-based açaí sorbet manufacturing company. #LatinAmerica

► Prosus Ventures led a USD12.5m Series A for Intella, a Saudi Arabia-based developer of AI-powered tools for enterprises in Arabic speech, with participation from 500 Global, Waed Ventures, Hala Ventures and others. #MiddleEast

► KawiSafi Ventures and Aruwa Capital led a USD11m Series A for Koolboks, a Nigeria-based solar-powered refrigerator manufacturer, with participation from All On, as well as debt financing from FCMB, FFEM and Bpifrance. #Africa

► Y Combinator led a USD3m seed round for Egypt-based cross-border payments platform Munify, with participation from BYLD, Digital Currency Group and others. #Africa

FUNDRAISING

► Elev8 Venture Partners reached a INR14b (~USD160m) final close for its debut fund focused on growth-stage companies across consumer internet, enterprise software and fintech sectors in India. #Asia

► EAAA India Alternatives raised INR45b (~USD510m) for its first private credit fund focused on special situations such as business turnarounds, with funding from domestic investors. #Asia

► CMB Activa and Newfoundland Capital Management announced the launch of their CMB-NewF Variable Income Infrastructure Financial Trust, an equity-linked infrastructure and energy fund focused on Uruguay.

EXITS

► KKR and OTPP exited a combined 16.7% stake in Vertis Infrastructure Trust, an India-based vehicle for highway infrastructure investments, for INR24.68b (~USD280m) via open market transactions. #Asia