Mid-Year 2023 Industry Data & Analysis

#GPCAResearch

GPCA’s Mid-Year 2023 Industry Data & Analysis features in-depth private capital data, commentary and analysis on key trends across global markets. 

Overall private capital deal value across GPCA’s markets in 1H 2023 reached USD49b, a 59% decline year over year and a 28% decrease compared to the second half of 2022. 

For more data, GPCA Members can log in to download the Mid-Year 2023 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. 

For questions and feedback or to request custom data cuts from the research team – including GPCA’s complete fund- and deal-level dataset – please contact research@gpcapital.org. 

Nomination Deadline Extended for GPCA Better Tech Award 2023

#DealAwards

GPCA is extending the submission deadline for the 2023 GPCA Better Tech Award. The award seeks to identify a high-growth company leveraging technology to provide breakthrough solutions and measurable positive impact in Asia, Africa, Latin America, CEE and/or the Middle East. 

Interested GPCA Member investors are welcome to submit an application before 4 September or contact Carlos Ramos de la Vega and Alex Fichter at bettertechawards@gpcapital.org with any questions.

Registration Open

10-13 October 2023 | Conrad New York Downtown
#LAVCAEvents

Featured Session: The Future of Growth Capital in Latin America

Other program highlights include:

• Igniting Change: The Path to Sustainable Energy
• In Conversation with Latin American Pension Funds
• Perspectives from Global Asset Allocators
• AI and IoT: Complements or Replacements To The Current Tech Stack?
• Investing & Operating in Healthtech

Confirmed investors from:

United Nations Joint Staff Pension Fund, Patria, CDPQ, CPPIB, DFC, Advent International, Vinci Partners, New York City Comptroller, Vista Equity Partners, General Atlantic, monashees, KASZEK, Warburg Pincus, Qualcomm Ventures, Endeavor Catalyst and others.

Registration is open to LAVCA Members, qualified institutional investors and non-member private capital investors, subject to approval.  

LAVCA Members have access to special early bird rates through 31 August 2023.

For inquiries, please contact lavcaweek@lavca.org.

INVESTMENTS

► RRJ Capital agreed to invest USD300m in Yinson Holdings, a Malaysia-based industry oil and gas supplier. #Asia

► Stepstone Group led a USD200m Series E for Zepto, an India-based grocery delivery platform, with participation from Goodwater Capital, as well as follow-on from Nexus Venture Partners, Glade Brook Capital and Lachy Groom. The round values Zepto at USD1.4b, making it the first Indian unicorn in 2023. #Asia

► African Infrastructure Investment Managers (AIIM) agreed to invest USD90m to develop a new pan-African data center and cloud services platform in a joint venture with N+ONE DATACENTERS. #Africa

► EQT Growth led a USD85m Series F for Gympass, a Brazil-based B2B gym membership platform with global operations, with participation from Neuberger Berman. Gympass raised a USD220m Series E at a USD2.2b valuation in June 2021. #LatinAmerica

► Tiger Global led a USD61m Series B for Nomad, a Brazil-based fintech offering US checking accounts for Brazilian residents, with follow-on from monashees, Stripes, Spark Capital, Propel Ventures, Globo Ventures and Abstract. Nomad was founded by iFood co-founder Patrick Sigrist. #LatinAmerica

► Sirius Technologies, a Singapore-based enterprise architecture platform, raised a USD18m Series A from Integra Partners, Cento Ventures and M Venture Partners. #Asia

► Zhongke Haichuang led a CNY100m (~USD13.8m) Series A for Milestone Biotechnologies, a China-based provider of cell separation services, with participation from Addor Capital, GL Ventures, Titan and Tongyu Fund. #Asia

► Waterland Private Equity invested in CodiLime, a Poland-based software development solutions provider for the telecommunications and network industry. #CEE

FUNDRAISING
► Growtheum Capital Partners, founded by former GIC executive Amit Kunal, reached a USD567m final close for its debut fund. The vehicle will invest in companies with exposure to discretionary consumption in Southeast Asia. #Asia

► Forebright Capital reached a USD502m final close for its third New Opportunities Fund focused on advanced manufacturing and enterprise software businesses in China. #Asia

► BTG Pactual reached a BRL1.2b (~USD239m) first close for BTG Pactual Infrastructure Fund III. The vehicle will invest in greenfield and brownfield opportunities across Latin America in sectors such as energy and logistics. #LatinAmerica

► Energy Capital Group reached a first close for its fund focused on energy technology in Saudi Arabia. The fund is targeting USD150m and is anchored by Jada Fund of Funds. #MiddleEast

EXITS
► BPEA EQT fully exited its remaining 26.6% stake in India-based IT services provider Coforge for USD924m through a block trade. #Africa

GPCA Southeast Asia Members Meeting & Singapura Sundown Reception

21 September 2023
Singapore

8 November 2023
Hotel Café Royal, London

8 November 2023
Hotel Café Royal, London

9 November 2023
The Bloomsbury, London

Industry Events

Sustainable Investment Forum North America 2023
19 September 2023, Ziegfeld Ballroom, New York
Register with code GPCA25 to get a 25% discount

LAVCA Week 2023
10-13 October 2023, Conrad New York Downtown, New York

5th Annual Executive Briefing on Private Capital in Turkiye and Environs

19 October 2023, Shangri La Bosphorus Hotel, Istanbul

GPCA Data & Intelligence