The International Finance Corporation (IFC), the investment arm of the World Bank, has joined EMA Power Investment to invest $175.5 million in Bangladeshi independent power producer Summit Corporation (SCL).
Summit will use the new capital to build a series of greenfield power plants aimed at the more than 40 million people in Bangladesh who do not have access to electricity, according to a release. The projects...
Manila-based private equity firm Navegar has closed its second Philippines fund with $197 million in commitments. The initial target was $150 million.
Singapore-headquartered investment firm Blue Ashva Capital has secured a first close of INR4.5 billion ($60 million) for an India-domiciled fund that will invest in small and medium-sized enterprises (SMEs) and start-ups.
Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
Energy giant BP has agreed to invest $70 million in Green Growth Equity Fund (GGEF), a PE vehicle co-managed by Everstone Group that invests in sustainable infrastructure projects in India.