South African PE Sanari Capital marks final close of second fund, stops short of hard cap
Sanari Capital, a South African private equity firm that focuses on mid-market growth companies in Sub-Saharan Africa, has marked the final close of its second investment vehicle. However, the firm fell short of its hard cap by around 20%. The Sandton-headquartered PE firm raised $80 million in a final close of its 3S ......
Blue Tokai backer White Whale Ventures plans secondaries fund
Mumbai-based financial services firm White Whale Partners, which has a venture capital arm and also offers portfolio management services, is planning to roll out a secondaries fund within the next few months, a person aware of the development told VCCircle. White Whale, which has invested in companies such as coffee brand ......
Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
Peak XV-backed Zetwerk closes Series F round, prepares for public listing
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors such as Peak XV, Accel and Avenir Growth Fund, has closed its Series F funding round that values the unicorn 15% higher than its last valuation, a senior executive told VCCircle. The Bengaluru-based startup, which entered the coveted unicorn club in 2021, ......
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 ......
Former Motilal exec's Arnya crosses halfway mark for maiden fund
Arnya RealEstates Fund Advisors, floated by former Motilal Oswal executive Sharad Mittal, is expecting to raise the target corpus for its maiden real estate-focussed debt investment vehicle in the next six months, after rolling it out earlier this year. The Mumbai-based real estate investment firm, is looking to raise Rs 1,000 crore ......
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 ......
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 ......
Welspun One looking to double portfolio in three years, plans new fund
Homegrown warehousing development and asset management platform, Welspun One, is looking to double its portfolio in the next three years, the company said Wednesday. In a bid to pursue this, Welspun One is also set to roll out another fund that could be almost double the size of its last ......
UAE’s Key Capital eyes first close of debut secondaries fund, builds deal pipeline
Key Capital, a UAE-based investment firm focused on secondaries transactions, is raising its debut fund and is aiming to hit the first close as early as next month, a top executive told VCCircle. The fund was floated earlier this year and is targeting a corpus $50 million. It will be one ......
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