Fajr Capital has acquired Dubai International Capital’s stake in the MENA Infrastructure Fund. Fajr Capital will take its place alongside the two other general partners and co-sponsors of the fund, HSBC Bank Middle East and Abu Dhabi-based Waha Capital, and will also be a limited partner with other regional
Actis, the pan-emerging markets private equity firm, has invested USD40m in AGS Transact Technologies, an ATM outsourcing and payments company based in India. Founded by entrepreneur Ravi Goyal in 1992, AGS manages a network of 10,000 ATM machines across India for banking clients, as well as supplying specialised equipment and
US and China-focused venture capital firm GGV Capital has raised USD625m for its fourth venture capital fund. The fund is comprised of USD520m and RMB650m (the Chinese currency equivalent of approximately USD105m). GGV’s Fund IV exceeds the size of the firm’s USD610m Fund III, which was raised in 2007. Total
Kohlberg Kravis Roberts’ KKR China Growth Fund, a China-focused investment fund managed by KKR, has invested in Novo, a fashion apparel retailer focused on the urban youth demographic in China. Since KKR’s investment, Novo has expanded its nationwide store network and pursued licensing agreements with international fashion brands to help
The United Arab Emirates’ Security and Commodities Authority (SCA) has issued board’s resolution No. 37 of 2012 concerning the rules of investment funds. The decision was signed by Sultan bin Saeed Al Mansoori (pictured), Minister of Economy and SCA chairman. The announcement was made by Abdullah Al Turifi, chief
Akhil Puri has been appointed as director of KKR Capstone. Puri joins KKR Capstone from TPG Capital. Puri will lead KKR Capstone’s engagements with KKR’s portfolio companies in India. KKR Capstone has a 16-member operational team of industry executives and functional specialists in Asia. The team works in partnership with
Asia Alternatives, one of the largest independent Asian private equity fund of funds, has held the final close of over USD1.5bn in new commitments across several fund vehicles. The largest of the funds is Asia Alternatives Capital Partners III (AACP III), which closed above its target of USD800m, at USD908m
The Monetary Authority of Singapore (MAS) has set the deadline for the official release of the new rules concerning fund managers for August 2012. The announcement was made by Ravi Menon (pictured), managing director of the MAS, at the MAS annual report 2011/12 press conference held last week in Singapore.
Silk Road Finance has launched Mandalay Capital, a Myanmar-focused investment banking firm. The new Myanmar-dedicated venture is to advise international clients and partners on their planned investments in Myanmar as well as build relationships with Myanmar institutions and companies and assist them with capital raising and strategic advisory. Strategically
A former trader at Nomura Holdings Inc is preparing to launch a USD250million Asia-focused volatility hedge fund reported Reuters this week, in what should become one of the region’s bigger start-ups so far this year. Jean-Noel Payer was a managing director at the Japanese bank and worked with Benjamin Fuchs,
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