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Prime Capital, an independent asset manager and financial services provider managing EUR17.7 billion across multiple funds, has closed its first investment from its newly launched Prime Green Energy Infrastructure Fund (PGEIF). Project Björnberget in central Sweden is one of the largest onshore wind projects to start construction in Europe this year and was developed by RES, the world’s largest independent renewable energy company focused on the development, construction and operation of renewable assets. Prime Capital optimised the project with cutting-edge technology from Siemens Gamesa Renewable Energy (SGRE) and brought in co-investor Enlight Renewable Energy (Enlight), a Tel-Aviv-listed independent power producer, with
Bpifrance and PROPARCO have announced the first closing of Averroès Africa, their fourth fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-sized enterprises in order to continue to support private sector development, employment and innovation on the continent. The Averroès mechanism was launched by Bpifrance and PROPARCO in 2003 to support the development of the private equity market, initially in North Africa, then across the continent with the launch of a first pan-African vehicle (Averroès Finance III) in 2015.
Building on the success
Edgify, a company building AI training frameworks, has secured a USD6.5m seed funding round backed by Octopus Ventures and Mangrove Capital Partners.Edgify’s technology enables any connected device – known as ‘edge devices’ – to interpret vast amounts of data generated at the edge, train a complete AI model locally, and proceed to share that learning across an entire network of similar devices, thereby training them all to identify unique aspects of a given object for use of computer vision, NLP, voice recognition and any other form of AI.
Edgify’s framework can train AI on a network of edge devices ranging
Ara Partners, a private equity firm specialising in industrial decarbonisation investments, has hired Katy Terrell as a Vice President, promoted John Baik to Senior Associate and hired Mary Kathryn Nommensen as an Associate.“We are pleased to welcome Katy and Mary Kathryn to the investment team,” says Tuan Tran, a Managing Director of Ara Partners. “Both are well respected in the private equity community and bring significant deal execution, capital markets, and portfolio management capabilities to the team.”
“We’re also very happy to promote John Baik,” adds Troy Thacker, a Managing Partner of Ara Partners. “John has played a key
US based private equity firm Warburg Pincus, through its affiliate Orange Clove Investments BV, has entered into an agreement to invest about USD95 million in Home First Finance Company India Ltd (Home First).Warburg Pincus joins existing PE firm shareholders True North and Bessemer Venture Partners.
Home First is a technology driven, affordable housing finance company providing home loans to customers from low- and middle-income segments, who are building or buying their first homes. Over the last 10 years, Home First has sanctioned home loans across India to more than 50,000 customers in 60 districts, covering 11 states and 1 union
Cliffwater, an alternatives advisory and asset management firm, has appointed Frances Beyers as Managing Director and Head of Capital Markets in the firm’s Private Debt Group effective 1 November.Beyers will be responsible for market research to support Cliffwater’s rapidly growing multi-manager private debt asset management business.
Beyers joins Cliffwater from Refinitiv, where she was Head of Middle Market Loan Analysis. Most notably Beyers has been a fixture in the middle market for over a decade providing market analysis to both managers and investors alike. While at Refinitiv and its predecessor, Beyers frequently authored middle market commentaries and surveys that
Ocorian has made a number of senior appointments to its Global Fund Services Asia Pacific division.Based in the Singapore office, Naveen Sivaambihaibalan joins the firm as Head of Fund Services, APAC; Cursley Legoff joins as a Client Director and Vikram Nursing takes on the role of Senior Manager.
Simon Behan, Chief Commercial Officer, says: “We are seeing continued significant growth in our APAC Fund Services division as we partner with some of the leading asset owners and managers in the region and support their global distribution plans. It is a real feather in our cap to continue to attract some
Intelliflo, a provider of back-office software for financial advisers, has announced a new sales team structure to support its continued growth in the UK.Natalie Beer takes on the new role of Head of Sales to lead Intelliflo’s efforts across new business sales in the UK and will lead both the sales and solutions teams. Gareth Kerr assumes the new role of Head of Sales Proposition. In this role, Gareth will lead the i4C Cashflow sales team, whilst also working in close collaboration with the Customer Relationship Management Team led by Richard Wake. Johann Koch (JK), who joined last year to
Mavason Limited, a subsidiary of the Abris CEE Mid-Market III LP fund, managed by Abris Capital Partners, has signed an agreement with the fund 21 Concordia and its founders to purchase the majority of shares in R2G Polska, operating under the Apaczka brand – a Polish e-commerce delivery solutions provider. The transaction is subject to the standard approval procedure of the Office of Competition and Consumer Protection (UOKiK).
Headquartered in Warsaw, Apaczka functions as a technology platform and an integrator, offering comprehensive shipment services for e-commerce stores, SMEs and SOHO (small office/home office) clients. Apaczka supports companies in the development of
In what has been a year of extreme turmoil and unprecedented challenges, the team at Private Equity Wire is very pleased to announce the winners of this year’s Private Equity Wire US Awards, compiled in conjunction with Bloomberg.
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