Dilasha Seth

1 week ago | htsyndication.com | Dilasha Seth

New Delhi, May 2 -- Saudi Technology Ventures (STV), the region's largest tech-focused venture capital firm and a backer of unicorns like buy-now-pay-later platform Tabby, has marked the final close of its inaugural non-dilutive fund to offer growth capital to technology companies in the region. The Riyadh-headquartered VC firm, with over $800 million in capital, has raised $100 million for the STV NICE Fund I, it said in a statement.

2 weeks ago | htsyndication.com | Dilasha Seth

New Delhi, May 1 -- Lunate, an alternative investment manager owned by Chimera Investments, will acquire a strategic stake in global wealth manager Azura Partners. The investment will support Azura's relocation of its headquarters from Monaco to Abu Dhabi, positioning it to tap into the Gulf region's $5-trillion wealth market. The transaction marks Lunate's entry into the wealth management space.

2 weeks ago | htsyndication.com | Dilasha Seth

New Delhi, April 28 -- CDG Invest Growth, the private equity arm of Morocco's state-owned financial institution the Caisse de Depot et de Gestion (CDG), has committed capital to a medical devices company, marking its sixth bet from its latest fund. The Casablanca-headquartered PE firm has made a $15 million commitment to Dislog Dispositifs Medicaux (DDM), the medical devices arm of Dislog Group, the largest FMCG manufacturer and distributor in Morocco.

1 month ago | htsyndication.com | Dilasha Seth

New Delhi, April 15 -- Development Partners International (DPI), an Africa-focused private equity firm that manages assets and co-investments worth over $3 billion across three investment vehicles, has forayed into the venture capital asset class and taken over management of an Egyptian fintech fund. The new vertical, DPI Venture Capital, will target investments in early-stage, growth-oriented technology businesses across Africa, the PE firm said in a statement.

1 month ago | htsyndication.com | Dilasha Seth

New Delhi, April 14 -- Global private equity giant KKR is deepening its presence in the Middle East as it made key appointments to lead a dedicated investment team for the Gulf operations. The New York-listed PE firm, with a 16-year presence in the region, has elevated its partner and retired US Army General David Petraeus as chairman of its Middle East operations. It has also established a dedicated investment team in the region led by Julian Barratt-Due, a managing director at KKR.