9 July 2025
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Save the Date: GPC Conference 2026

11-13 May 2026 | New York

#GPCAEvents

Mark your calendar for the annual Global Private Capital Conference in partnership with IFC, which will convene on 11-13 May 2026, in midtown New York City.

This flagship meeting brings together member investors, limited partners, special guests and keynotes representing private equity, venture capital, impact, infrastructure, credit, sovereign wealth funds, pension funds and family offices.

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Meet the LPs: Thematic Investing in Private Markets

30 July 2025 | Virtual

#GPCAEvents

From climate to supply chains to financial inclusion, this Member Meetup looks at investors — LPs, co-investors and direct investors — considering non-financial outcomes alongside financial returns. Members interested in building relationships with thematic and impact investors active in global private markets are encouraged to participate.

During the one-hour session, Members will have the opportunity to participate in an interactive Q&A.

Member Meetups are designed to connect private capital players, including fund, institutional, corporate and development finance investors, for unscripted sharing on market trends around the world.

Harry Davies

Principal
Ceniarth

Nicolas Muller

Managing Director (Head of Private Equity Partnerships)
Blue Earth Capital

Bhavika Vyas

Managing Director
StepStone Group

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Foursan Group | Jo Academy

GPCA Deal Book V: Inclusive & Sustainable Growth

#DealCases

In November 2021, Foursan Group invested in Jo Academy, a Jordan-based online learning platform that offers both live and pre-recorded classes. Students can access a variety of courses through an electronic portal accompanied by books, supplemental educational materials and technical assistance.

With Foursan’s support, Jo Academy expanded its content from the first to eleventh grade to include university and international courses and began utilizing AI and adaptive learning tools. The platform connects students, teachers and parents, offering personalized insights into student performance. Since Foursan’s investment, Jo Academy has grown from 83 to 478 employees as of October 2024, and the percentage of women has increased from 30% to 43%. Designed as an affordable alternative to in-person educational centers, Jo Academy primarily serves low- to middle-income families and currently offers free access to 8,000 gifted students at no cost.

READ FULL DEAL CASE

READ FULL DEAL BOOK

INVESTMENTS

► CVC and Tabreed agreed to acquire PAL Cooling Holding, a UAE-based provider of district heating and cooling services, for AED3.8b (~USD1b), via a sale from Multiply Group. #MiddleEast

► Riyad Capital led a USD250m investment in Saudi Arabia-based grocery delivery platform Ninja. #MiddleEast

► CATL and Puquan Capital led a CNY1.1b (~USD153m) investment in Galbot, a China-based AI-powered robot manufacturer, with participation from Beijing Robot Industry Development, Jiyuan Capital and others. #Asia

► Lagata led an investment in Miro, a UK-based timber plantation company with operations in Ghana and Sierra Leone, with participation from British International Investment, FMO, Finnfund and others. #Africa

► SQM Lithium Ventures led a USD6m Series A for Vok Bikes, an Estonia-based electric cargo bikes manufacturer, with follow-on from Metaplanet, Specialist VC, Sunly and SmartCap. #CEE

► CVC Capital Partners completed its acquisition of Aavas Financiers for ~USD769m. The deal was structured in two parts: first, CVC acquired a 26.5% stake from Kedaara Capital and Partners Group for ~USD400m. This initial transaction triggered an open offer, through which CVC acquired an additional 22.5% stake. #Asia

► Development Partners International agreed to invest USD190m in Alameda Healthcare, an Egypt-based private healthcare provider. #Africa

► AZ Quest Infra invested ~USD100.7m in AXS Energia, a Brazil-based distributed solar energy platform. #LatinAmerica

► Jadwa Diversified Gulf Private Equity Fund, with participation from Banat Ventures, invested USD50m in PetroApp, a Saudi Arabia-based digital payments platform for fuel and vehicle services. #MiddleEast

► SC Ventures led a USD120m Series D for Jumbotail, an India-based B2B marketplace for food and grocery retailers, with participation from Artal Asia. Jumbotail also completed its acquisition of Solv, a B2B commerce and financial services platform backed by SC Ventures, SBI Holdings and others. #Asia

► Gaja Capital led a USD20m Series C for Eggoz, an India-based egg brand, with participation from Avaana Capital, IvyCap Ventures, Rebright Partners and others. #Asia

FUNDRAISING

► Genesis Capital reached a EUR225m (~USD264.9m) first close for its fifth fund focused on investments in the Czech Republic, Slovakia, Poland, Hungary, Austria and Germany. #CEE

► Arroyo Energy Investment Partners reached a USD1b+ final close for its fourth Investors Fund focused on power and energy infrastructure investments across North America and Chile. #LatinAmerica

► Movens Capital reached a EUR40m (~USD46m) first close for its second fund focused on investing in tech sectors, including enterprise software, healthcare, fintech and AI projects across Central and Eastern Europe. #CEE

► Promecap, a Mexico-based asset manager, launched a USD650m institutional fund of funds program with an initial placement of USD35m. The strategy will target asset managers in the United States, Asia and Europe. #Global

► Middle East Venture Partners reached a final close for its Fund IV, targeting early-stage tech startups across MENA. LPs include EIB, which committed USD27m to the fund. #MiddleEast

EXITS

► KKR agreed to exit its 46.39% stake in India-based drug manufacturer JB Pharma for USD1.4b, via a sale to Torrent Pharmaceuticals. #Asia

► Arroyo Energy Investment Partners exited a 143 MW power plant in Mexico for USD440m. #LatinAmerica

► IFBH, a Singapore-based beverage and food company backed by Fullerton Fund Management, raised HKD1.2b (~USD147.6m) through an IPO on the Stock Exchange of Hong Kong. #Asia