The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $100 million investment in Actis Capital's latest emerging markets energy fund.
The vehicle, Actis Energy 4, will invest in energy generation and distribution assets in emerging markets in Asia, Africa and Latin America. It has a target size of $2 billion and follows Actis' previous...
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.