India-focused private equity firm ChrysCapital Management has reached a final close for ChrysCapital VII with more than US$600 million in capital commitments. Investors in the fund include sovereign wealth fund Government of Singapore Investment Corporation (GIC), private equity fund of funds Asia Alternatives Management, Harvard Management Company, global insurance companies, university endowments and family offices. The fund will invest in minority growth and select control investments in the business services, financial services, health care, consumer and manufacturing sectors.
Venture capital firms Kejora Ventures and K2 Venture Capital have led a US$1.5 million seed round for Thailand-based fintech company MoneyTable. Individual investors Chatchaval Jiaravanon and Chualapayap Srikarnchana also participated in the round. MoneyTable plans to use the new capital for working capital and customer base expansion.
India-focused venture capital firm Orios Venture Partners has closed its second fund with US$75 million (approximately INR5 billion) in capital commitments. More than 80 percent of the fund’s corpus was raised from domestic investors. The fund will focus on seed and Series A investments in online consumer technology and software-as-a-service (SaaS) startups.
The Sindila hydropower project, a Uganda-based 5.25 megawatt run-of-river project, reached financial close on 30 January 2017 and commenced construction. The project’s shareholders include private equity and alternative asset fund manager Metier, developer KMRI, concessions and investment company WK Power and Fieldstone Africa Investment Resources, while development finance institution OPIC provided debt. Metier invested through Lereko Metier Sustainable Capital. Sindila also received financial support from the Seed Capital Assistance Facility of the United Nations Environment Programme. The project, which will sell power to the Uganda Electricity Transmission Company under a 20-year power purchase agreement, is expected to begin generating electricity in September 2018.
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