Industry News
INVESTMENTS
► Gramercy Funds Management provided a senior secured loan to Colombia-based delivery platform Rappi. #LatinAmerica
► GEF Capital invested USD50m in Membrane Group, an India-based provider of advanced process water and wastewater treatment solutions. #Asia
► Shunxi Venture Capital led a CNY600m (~USD84.2m) Series C for GRIT Biotechnology, a China-based developer of tumor-infiltrating lymphocytes (TIL) therapy, with participation from Sinowisdom, Loyal Valley Innovation Capital, Juntuo Biotech and others. #Asia
► Premji Invest and Accel led a INR3.5b (~USD39.4m) Series C for Dezerv, an India-based wealth management platform, with follow-on from Elevation Capital and Z47. #Asia
► Avaatar Venture Partners led a USD30m Series B for Intangles, an India-based fleet management platform powered by AI, with follow-on from Baring India Private Equity and Cactus Partners. #Asia
► Credicorp Capital provided a COP72b (~USD18.4m) structured loan to Colombia's Universidad Manuela Beltran. #LatinAmerica
► Orion Resource Partners to invest USD360m in Santo Domingo and Sierra Norte copper projects in Chile. #LatinAmerica
► Kora led a USD250m Series B for Plata, a Mexico-based digital bank, with participation from Moore Strategic Ventures, Audeo Ventures, Spice Expeditions, Hedosophia and others. #LatinAmerica
► SPE Capital and Orange Ventures led a USD12m Series A for Chari, a Morocco-based e-commerce platform for SMEs, with participation from Endeavor Catalyst, Pincus Capital, Al Khwarizmi Ventures and others. #Africa
FUNDRAISING
► Gramercy Funds Management provided a senior secured loan to Colombia-based delivery platform Rappi. #LatinAmerica
► Patria Investments raised USD2.9b for its infrastructure fund focused on projects in Colombia, Chile and Brazil. #LatinAmerica
► Vinci Compass announced a strategic relationship with Ares Management to expand access to Ares’ semi-liquid product portfolio. #LatinAmerica
► Janus Henderson reached a USD125.5m first close for its fourth MENA Private Credit Fund focused on underserved mid-sized companies across the MENA region. #MiddleEast
► Investcorp reached a INR50b (~USD567.1m) close for its PE fund focused on investing in healthcare, business services, consumer and financial sectors across India. #Asia
► Invalda INVL Group reached a EUR410m (USD478.2m) final close for its second private equity fund focused on investing in businesses across Lithuania, Latvia, Estonia, Poland, Romania and the broader EU. The vehicle exceeded its EUR250m (~USD262m) target. #CEE
► CBC Group reached a USD500m final close for its second R-Bridge Healthcare Fund focused on on investing in healthcare companies across Asia, Europe and other regions. #Asia
EXITS
► Lightrock partially exited Porter, an India-based provider of logistics and transportation services. #Asia
► MBK Partners fully exited Siyanli, a China-based operator of beauty spa centers, via a sale to Beauty Farm for CNY1.5b (~USD175.4m). #Asia
► Lighthouse Funds exited a 2.97% stake in India-based plastic products manufacturer Shaily Engineering Plastics for INR2.8b (~USD32m). Lighthouse holds a 1.3% stake following the transaction. #Asia
