Creador ropes in North American LP for new fund
Southeast Asia-focused mid-market investor Creador, which is headquartered in Malaysia, has onboarded yet another limited partner (LP) for its sixth fund, VCCircle has gathered. In fact, it will be the first investment of the new LP in the Indo-Pacific region. The private equity investor, led by former ChrysCapital partner Brahmal Vasudevan, ......
Proparco has ‘a lot of things cooking’ in India: Diane Jegam
India is a complicated market and climate change can be a tricky subject for investments in such a market. Still, the French government-backed development financial institution Proparco has dug in its heels. “A lot of things are cooking,” says Diane Jegam, regional director for South Asia at Proparco, which is now ......
Avendus set to hit first close of third late-stage investment fund
Mumbai-based investment banking and asset management firm Avendus Capital is set to hit the first close of its third alternative investment fund for private market deals, a person with direct knowledge of the matter told VCCircle. The firm could announce the first close of the Avendus Future Leaders Fund III, which ......
Sector Scan: Fresh slippages add to asset quality woes of MSME-focused NBFCs
Non-bank lenders enjoyed two years of high growth post COVID-19 as a pent-up demand in the economy led to a ripple effect and balance sheets ballooned unabated. Customers, too, were also disciplined in servicing their loans, leading to a lot of money being pumped into the sector. However, many such ......
Belgium's KOIS to set up fund for bets in assistive medtech sector
Belgian impact investor KOIS Invest is partnering with Washington-based incubator for transformational social impact ventures, Global Development Incubator (GDI) to launch a healthcare-focussed fund targetting the assistive technology sector, a person familiar with the matter told VCCircle. The Brussels-headquartered firm, along with the Disability Impact Project (DIP), an initiative incubated by ......
Creador onboards European LP for sixth fund
Southeast Asia-focused mid-market investor Creador, which is headquartered in Malaysia, has onboarded another limited partner for its sixth fund, VCCircle has gathered. The private equity investor, led by former ChrysCapital partner Brahmal Vasudevan, had a hard cap of $850 million for the fund. The corpus, however, has risen to $900 million (over ......
Bottomline: Multiples PE-backed Shubham Housing sustains loan growth, profitability
Shubham Housing Development Finance Company, a darling of private equity firms, has clocked a steady growth in its assets under management and profitability for the financial year ended March 2024. Further, early data from the current financial year indicate that company’s financial metrics have remained steady. The company’s net profit rose ......
Women-focused asset manager Cinnamon Wealth set to float debut private credit fund
Cinnamon Wealth, a women-focussed asset and wealth management company, is set to roll out its maiden private credit fund by January next year, a top company executive told VCCircle. The Women Enterprisers Fund will prioritize investments in micro, small and medium-sized enterprises that are owned, co-owned, or led by women, ......
A&M India hires former McKinsey, Accenture execs to strengthen top deck
Professional services and turnaround firm Alvarez & Marsal (A&M) has strengthened its energy and resources practice in India with the hiring of two senior executives, as it continues to beef up its leadership teams across verticals. The firm said Thursday it has appointed former McKinsey & Company partner Kunwar Vijayant Singh ......
GIC takes majority stake in TPG's India-anchored healthcare platform
Singapore’s sovereign wealth fund GIC has doubled down on its investment in Asia Healthcare Holdings (AHH), a single-specialty hospitals platform it backs alongside US-based private equity firm TPG, emerging as its largest shareholder. GIC has committed an additional $150 million (Rs 1,274 crore) to AHH, largely structured as a secondary transaction, raising ......
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