Allocations
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has invested USD5 million in EthioChicken, an Ethiopian poultry company. The aim is to generate good jobs, improve food security and reduce poverty in Ethiopia.
Established in 2010, EthioChicken has become a forerunner and one of the largest poultry companies in East Africa. EthioChicken currently operates eight poultry farms and four hatcheries, which produce and supply young chicken for households in rural Ethiopia. EthioChicken is also a significant feed producer with its two feed mills. The company has been financed by Finnfund since 2017.
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An affiliate of One Rock Capital Partners (One Rock) has successfully completed the previously announced acquisition of a manufacturing site in Kankakee, Illinois, and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there, from BASF.
Headquartered outside of Chicago, the newly independent company has approximately 190 employees and will operate under the name Kensing. The new name and brand honour the long operating history of the site at Kensington Avenue in Kankakee and reflects the company’s position as a leading manufacturer of a broad range of specialty chemicals derived from natural
Kester Capital, a primary buyout specialist, has sold Frontier Medical Group to funds advised by Agilitas Private Equity, netting 3.4x and a 30 per cent IRR for its investors.
This is the fourth exit from Kester’s last fund to have achieved a return of over 3.0x. This fund, which closed in 2013, now only holds two remaining assets. The firm’s current fund Kester Capital II closed above target at its hard cap of GBP90 million in August 2020.
The sale of Frontier Medical comes three months after Kester Capital successfully refinanced the business, in tandem with two additional portfolio
Cognigy, a global leader in omnichannel Customer and Employee Service Automation with its Conversational AI platform Cognigy.AI, has raised USD44 million in Series B funding led by global venture capital and private equity firm, Insight Partners, and joined by existing investors DN Capital, Global Brain, Nordic Makers, Inventures and Digital Innovation and Growth.
eStoreMedia, a digital shelf software for Fortune 500 brands has raised USD30 million in its first fundraise through investment by Kennet Partners and Digital+ Partners.
The firm, which already counts many of the Fortune 500 brands as its clients, will use the investment to accelerate eStoreMedia’s digital shelf automation suite for brands, as well as for expansion into new markets.
This is the first external investment in the company and both investors have significant experience in building SaaS and B2B focused businesses as they look to accelerate their growth. Kennet Partners is a leading European technology growth equity investor
Propel Insurance (Propel), a privately-owned insurance agency and a portfolio company of Flexpoint Ford (Flexpoint), has acquired South Carolina-based South Risk Management (SRM), a construction-focused insurance consulting firm.
The acquisition of SRM expands Propel’s presence into South Carolina and adds to the Company’s existing Southeast footprint, which includes Knoxville, Charlotte, Atlanta, and Orlando. The SRM team will be a valuable addition to Propel’s industry-leading construction risk practice.
“We are pleased to welcome SRM into the Propel family, underscoring our commitment to growing our specialties nationwide by welcoming strategic partnerships and top industry talent,” says Kurt Carlson, President and CEO
Border to Coast Pensions Partnership (Border to Coast), one of the largest public sector pension pools in the UK with total assets of cGBP55 billion, has raised an additional GBP2.7 billion of commitments for its Private Markets investment programme as it continues to deliver new investment opportunities for its local government Partner Funds.
Read the full story at Institutional Asset Manager…
Ikigai, a UK fintech company which combines digital banking with wealth management, has received pre-seed funding of GBP4.1 million through an oversubscribed crowdfunding campaign.
By Kyle Burrell, US FSO Assurance Partner, Ernst & Young LLP – Over the years, private equity fund managers have bolstered their firms’ reputations as the asset class of choice for investors, building strong value for their portfolio companies and fuelling job growth across a wide swath of industries.
VAM Funds (VAM), a Luxembourg SICAV fund management company, has partnered with Foresight Capital Management to launch the VAM Global Infrastructure Fund (GIF).
FCM brings a strong track record in investment management, having generated consistent outperformance for Foresight’s Global Real Infrastructure Fund, which reached a Net Asset Value of GBP500 million within two years of launch.
The fund’s investment strategy will focus on globally-listed asset-owning infrastructure and renewables businesses, tapping into the growth potential and attractive risk-adjusted returns available to investors.
The new Fund complements VAM’s range of funds ranging from single strategy to discretionary funds. GIF will be distributed
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12 November, 2026 – 8:00 am
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