4 February 2026
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GPCA EVENTS

Meet the LPs: In Conversation with JICA

24 February 2026, 8-8:30am EST | Virtual

Join GPCA for a 30-minute Global Member Meetup, featuring the Japan International Cooperation Agency (JICA). The Meet the LPs series is for GPCA Members interested in building relationships with institutional investors active in global private markets. Members will have the opportunity to participate in an interactive Q&A for unscripted sharing on private capital trends.

Featured Speaker

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DEAL CASES

SAIL Investments | Fueling Sustainability (FS)

In June 2022, SAIL Investments invested in Fueling Sustainability (FS), a Brazil-based corn-ethanol producer and a key player in the country’s rapidly expanding low-carbon biofuels sector. FS converts corn into ethanol, bioelectricity and high-margin animal feed.

SAIL Investments, Fueling Sustainability Deal Case-NW

With SAIL’s support, FS advanced measurable progress toward deforestation-free corn and biomass supply chains while scaling sustainable ethanol production. FS expanded capacity and logistics infrastructure while increasing traceability across its supply chain, tracking nearly three times its committed deforestation-free area and targeting conservation of more than 224,000 hectares. The company also converted 40,000 hectares of degraded land into biomass plantations. In 2024, FS became the first Brazilian corn ethanol producer to receive ISCC certification, enabling sustainable aviation fuel exports and supporting global decarbonization efforts.

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Industry News

INVESTMENTS

► Carlyle Group agreed to acquire a majority of Russia-based oil company Lukoil’s foreign assets for ~USD22b. #CEE

► Adenia Partners agreed to acquire a majority stake in Egypt-based pharmaceutical company Parkville Pharmaceuticals from Admaius Capital Partners. #Africa

► Mubadala led a USD170m investment in UAE-based real estate platform Property Finder, with participation from BECO Capital. #MiddleEast

► Brazil-based digital banking platform PicPay raised USD434m in its IPO on Nasdaq, including a USD75m anchor investment from Bicycle Capital. #LatinAmerica

► Boyu Capital agreed to acquire a 75% stake in China-based shopping mall operator Beijing Badaling Outlets. #Asia

► Morocco-based real estate platform Yakeey raised a USD15m Series A from IFC, Beltone Venture Capital, Enza Capital and 212 Founders. #Africa

► Aramco Ventures and Eurazeo led a USD100m+ Series B for PCG Power, a China-based provider of distributed solar photovoltaic power stations that generate green electricity, with participation from Longi and Yiyan Capital, as well as follow-on from Heda. #Asia

► Mirova invested USD10m in Big Tree Farms, an Indonesia-based supplier of organic coconut products. #Asia

► Vision Ventures and anb seed Fund led a USD9.6m pre-Series A for Saudi Arabia-based wealth management platform Vennre, with participation from Sanabil 500, Ace & Co, Plus VC and others. #MiddleEast

FUNDRAISING

► Allianz Global Investors reached a USD690m first close for its ACE strategy focused on large-scale private investments aligned with the Paris Agreement across emerging markets. The vehicle has a USD1b target. #Global

► responsAbility Investments reached a USD460m fifth close for its Asia Climate Strategy focused on investing in low-carbon solutions and achieving substantial CO2 emissions reductions across Asia. #Asia

► BNDES announced the selection of seven climate investment funds, which will receive up to BRL4.3b (~USD826m) in commitments through BNDESPAR. Selected vehicles are managed by Vox Capital, Just Climate, EB Capital, Patria Investments, Mombak, Vinci Compass, Riza Asset and fama re.capital. #LatinAmerica

► XSML Capital reached a USD142m final close for its fourth African Rivers Fund focused on investing in SMEs across the Democratic Republic of Congo, Uganda, Angola and Zambia. The vehicle exceeded its USD135m target. #Africa

► IDB Invest agreed to invest USD30m in Valor Capital Group's third Growth Americas fund, focused on companies operating in Latin America and the Caribbean. #LatinAmerica

► Calvert Impact Capital invested USD10m in BlueOrchard's microfinance strategy in the Latin America and the Caribbean region, focusing on gender, diversity and inclusion. #LatinAmerica

EXITS

► Adenia Partners and Proparco agreed to exit catering and facilities management provider OCS Group’s operations in Morocco and Senegal to a consortium led by Amethis and Retail Holding. #Africa