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How govt-backed development finance institution NaBFID has hit the ground running

VCCircle

VCCircle · 4m ago

How govt-backed development finance institution NaBFID has hit the ground running

NaBFID, a government-backed development finance institution, has made significant strides since its inception. In March, it facilitated a structured financing deal worth Rs 1,787 crore for BluPine Energy, marking a significant development in debt financing for renewable energy projects. Despite such deals being commonplace for infrastructure projects, NaBFID’s involvement highlights its impactful entry into the finance sector, supporting major projects and fostering the growth of renewable energy through strategic financial backing.

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Mauritian investor Adenia gets returning LP for latest Africa-focussed vehicle

VCCircle

VCCircle · 1y ago

Mauritian investor Adenia gets returning LP for latest Africa-focussed vehicle

Mauritian private equity firm, Adenia Partners, has received a commitment from German development finance institution, Deutsche Investitions, for its latest Africa-focused investment vehicle. Adenia has previously backed companies such as Orange and operates primarily in the mid-market sector.

Bottomline: Piramal-backed Annapurna posts steller FY24 figures, buries ghost of Covid-19

VCCircle

VCCircle · 1y ago

Bottomline: Piramal-backed Annapurna posts steller FY24 figures, buries ghost of Covid-19

Piramal-backed Annapurna Finance Pvt Ltd, a microfinance institution in eastern India, has reported impressive financial performance for the fiscal year ending in March 2024. The majority of their growth comes from their lending operations. Annapurna Finance is backed by Piramal, a prominent Indian business conglomerate. Their strong financial performance suggests that the company has overcome the challenges posed by the Covid-19 pandemic.

BII’s India bets slumped last year even as global investments remained flat

VCCircle

VCCircle · 10m ago

BII’s India bets slumped last year even as global investments remained flat

British International Investment (BII), a development finance institution backed by the UK government, reduced its investments in India in 2023 while maintaining its global investments at a similar level. BII made new commitments of about £1.3 billion in various asset classes in India. The reduction in India investments by BII may reflect a shift in investment strategy or market conditions.

Norfund, AIIB eye IndiGrid’s new platform; suitors line up for Yes Bank

VCCircle

VCCircle · 1y ago

Norfund, AIIB eye IndiGrid’s new platform; suitors line up for Yes Bank

Norfund and German development finance institution DEG are among the firms looking to invest in India Grid Trust's new power transmission platform, which is backed by KKR and valued at around $250 million. Other potential investors include British International Investment Plc. and the Asian Infrastructure Investment Bank (AIIB). Meanwhile, several suitors are lining up to acquire a stake in Yes Bank.

Ecofy Finance secures $12.5 mn from offshore investor

VCCircle

VCCircle · 5m ago

Ecofy Finance secures $12.5 mn from offshore investor

Ecofy Finance, a non-banking financial company focused on green transition, has raised $12.5 million in debt capital from a development finance institution owned by the Danish government. The company, promoted by Eversource Capital, was co-founded by Rajashree Nambiar and Govind Sankaranarayanan, veterans in financial services. This investment marks a significant milestone for Ecofy Finance, highlighting its commitment to sustainable finance.

How Partners Group, BII booked a big loss on logistics bet but Warburg eked out a profit

VCCircle

VCCircle · 4m ago

How Partners Group, BII booked a big loss on logistics bet but Warburg eked out a profit

Partners Group and British International Investment, a UK-backed finance institution, incurred significant losses by selling their stakes in an Indian logistics firm, while Warburg Pincus, a US-based private equity firm, managed to secure a profit.

NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursements

Economic Times

Economic Times · 1d ago

NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursements

The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise up to USD 1 billion from international markets in fiscal year 2026. Managing Director Rajkiran Rai noted that the bank has received international ratings and the funds will be raised through external commercial borrowing and bonds. Rai emphasized that US tariffs won’t affect NaBFID’s disbursements and urged more project launches to boost economic growth. NaBFID also aims to enhance activity in municipal bond issuances.

AIIM gets fatter cheque from returning LP for new pan-Africa fund

VCCircle

VCCircle · 1y ago

AIIM gets fatter cheque from returning LP for new pan-Africa fund

AIIM, the infrastructure asset manager in Africa, has received a significant investment from a European institutional investor for its fourth pan-African fund. The private equity firm has gained support from a returning limited partner, German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG). The investment will contribute to the growth of AIIM's fund, aimed at infrastructure development across Africa.

ADB Ventures-backed Smart Joules snags fresh funding from offshore investor

VCCircle

VCCircle · 1y ago

ADB Ventures-backed Smart Joules snags fresh funding from offshore investor

Smart Joules, an energy efficiency company supported by investors such as ADB Ventures, Raintree Family Office, and Sangam Ventures, has secured a new round of funding from a European development finance institution. The company previously raised Rs 36 crore in a Series A round and aims to use the new capital to expand its operations.

Exits in India lot easier than in most other developing countries: IFU’s CEO

VCCircle

VCCircle · 5m ago

Exits in India lot easier than in most other developing countries: IFU’s CEO

IFU CEO Lars Bo Bertram states that exiting investments in India is easier compared to most other developing countries. Danish development finance institution IFU has been investing in India since 1984, supporting over 100 companies across various sectors, including manufacturing, wind energy, textiles, food, IT, advisory services, finance, and cement. Their recent investments include companies like Blue Star, reflecting IFU’s continued commitment to impact investing in India's emerging market.

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