News on Medial
Related News
COP29 kicks off; host asks nations to urgently resolve differences on new climate finance goal
YourStory · 8m ago
Medial
Azerbaijan, host of this year's UN climate conference, is urging all countries to reach a consensus on a new climate finance goal to aid developing nations in combatting climate change. COP29 President Mukhtar Babayev stressed the urgency of finalising a fair and ambitious New Collective Quantified Goal (NCQG) that adequately addresses the scale of the problem. Negotiations on the new finance goal have faced challenges, with disagreements on funding amount, contributors, eligible projects, and time period covered. Developing nations argue that the NCQG should address their specific needs and priorities.
Asia Partners raises $474 mn for second PE fund
VCCircle · 1y ago
Medial
Singapore-based private equity firm, Asia Partners, has raised $474 million for its second fund, with new investor, International Finance Corp (IFC) from the World Bank joining the round. The fund focuses on investments in the Southeast Asian tech sector. Returning investors include the International Development Finance Corp, Financial Investments Corp, Deutsche Investitions- und Entwicklungsgesellschaft, and Generation Capital. This second fund brings Asia Partners' total assets under management to $1 billion.
Asia Partners raises $474 mn for second PE fund
VCCircle · 1y ago Medial
Singapore-based private equity firm, Asia Partners, has raised $474 million for its second fund. The firm focuses on investing in Southeast Asian tech companies. New investor, the International Finance Corp, joined the fund, along with returning investors such as the International Development Finance Corp and Financial Investments Corp from the US, Deutsche Investitions- und Entwicklungsgesellschaft from Germany, and Generation Capital from Canada. Asia Partners' assets under management now total $1 billion. The firm's portfolio includes ShopBack and Carsome, according to its website.
AFC’s maiden climate resilient fund for Africa taps offshore LP for $750 mn vehicle
VCCircle · 1y ago
Medial
AFC Capital Partners, the asset management unit of Africa Finance Corporation (AFC), is raising funds for its Infrastructure Climate Resilient Fund (ICRF) in Africa. With an anchor commitment of $253 million from the Green Climate Fund, AFC Capital is aiming to raise a total of $750 million for ICRF. The fund aims to finance climate resilience infrastructure projects across the continent. AFC Capital is currently seeking additional limited partners to contribute to the fund.
British International Investment to invest $33.5M in Indian EV startups
YourStory · 8m ago
Medial
The UK's development finance institution, British International Investment (BII), has announced investment commitments of $33.5 million in India's electric vehicle (EV) sector. The funding includes debt financing for Everest Fleet to expand its EV fleet, equity investment in TI Clean Mobility for scaling its EV manufacturing capabilities, and equity commitment to Vecmocon for enhancing its research and development in the EV component manufacturing. BII has been actively investing in India's EV sector and aims to contribute to India's energy transition and decarbonization efforts. The investments align with BII's goal of investing up to $1 billion in climate-friendly initiatives and green technologies in India.
Google makes new proposal to stave off EU antitrust fine, document shows - The Economic Times
Economic Times · 29d ago
Medial
The US tech giant has been under pressure after being hit in March with European Union antitrust charges of unfairly favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors.
Silence is an early stage climate tech VC fund with $35 million
TechCrunch · 1y ago
Medial
Silence, an angel-style venture capital firm focused on climate tech, has raised $35 million for small investments in climate startups. Led by Borja Moreno de los Rios, Silence aims to apply the tech startup playbook to climate investment. Unlike traditional VCs, Silence does not lead rounds or take board seats, allowing them to remain neutral. The firm has already invested in 22 different companies, including Cardino, a used EV marketplace. Silence's limited partners include general partners at VC firms and family offices. With a focus on SaaS and marketplaces, Silence seeks to create value through safer investments rather than high-risk moonshots.
GEF Capital Partners eyes $600 mn fund after major solar investment success
Livemint · 1m ago
Medial
GEF Capital Partners, specializing in climate-related investments, plans a $600 million fourth fund following a successful partial exit from Premier Energies, a solar module manufacturer. The firm retains a 5.5% share in Premier Energies and the new fund could eventually manage up to $1 billion, factoring in investor co-investments. GEF Capital has seen significant returns, potentially reaching a billion dollars, including unrealized gains from its investment in Premier Energies.
HSBC setting up $1 bln growth fund to scale up digital platform businesses in Southeast Asia
Reuters · 1y ago
Medial
HSBC is establishing a $1 billion growth fund called ASEAN Growth Fund to support companies scaling up through digital platforms in Southeast Asia. The bank aims to tap into the region's fast-growing digital economy, projected to reach $600 billion by 2030. In addition to the lending fund, HSBC also launched a $150 million venture debt fund specifically for Singapore-based companies backed by venture capital or private equity firms. The move reflects HSBC's focus on supporting the digital transformation and growth potential in Southeast Asia.
HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia
Economic Times · 1y ago
Medial
HSBC has announced the establishment of a $1 billion growth fund called ASEAN Growth Fund, aimed at lending to companies scaling up through digital platforms in Southeast Asia. The bank recognizes the region's booming digital economy, which is expected to reach a value of $600 billion by the end of the decade. In addition to the lending fund, HSBC has also launched a $150 million venture debt fund specifically for the Singapore market, providing financing for VC or private equity-backed companies in the city-state.
Download the medial app to read full posts, comements and news.