INVESTMENTS
► AfricInvest, FMO and Norfund invested KES4.19b (~USD32m) in Kenya-based banking and insurance company I&M Group. #Africa
► Volo Loans, a Costa Rica- and US-based real estate credit platform, secured a USD50m credit facility from Gramercy. #LatinAmerica
► UP.Partners led a UDS28m Series A for WakeCap, a Saudi Arabia-based enterprise solution provider for construction companies, with participation from Graphene Ventures and others. #MiddleEast
► Global Ventures led a USD15m Series A for UAE-based language services platform Tarjama, with participation from Wamda, TA Ventures, Phaze Capital and others. #MiddleEast
► IFC led a USD12m investment in UAE-based social immersive video platform Vuz, with participation from Al Jazira Capital, CrossWork VC and others. #MiddleEast
► OpenSpace Ventures led a USD6.5m Series A for BrioHR, a Singapore-based HRMS and payroll solutions provider, with participation from Taiwania Hive and others. #Asia
► General Catalyst led a USD7m investment in Turkey-based gaming studio TaleMonster Games, with participation from a16z Speedrun, Arcadia and Ludus Ventures. #CEE
► Brookfield Asset Management acquired Mantiqueira Transmissora, a Brazil-based power line operating company, in a transaction valued at USD146.7m. #LatinAmerica
FUNDRAISING
► Quadria Capital reached a final close for its third healthcare-dedicated fund with USD1.07b in total commitments. The fund received commitments from GCC investors and will target healthcare opportunities in South and Southeast Asia, as well as the GCC. #Asia
► TPG NewQuest reached a ~USD981m final close for its fifth secondaries fund focused on investments across Asia. #Asia
► EAAIF raised USD325m in debt financing, led by Allianz Global Investors, with participation from ABSA, Standard Bank, Sumitomo Mitsui Banking Corporation and Swedfund. The vehicle is focused on expanding infrastructure debt markets in Africa and Asia. #Africa #Asia
► RockawayX reached a USD125m close for its second early-stage VC fund focused on investments in the Solana ecosystem. #CEE
► Southern Cross Group closed a GP-led secondary transaction for its fifth Southern Cross Latin America Private Equity Fund. #LatinAmerica