ADNOC, Temasek join Global Infrastructure Partners in $30b infrastructure push

GIP ADNOC Temasek

Global Infrastructure Partners, ADNOC, Temasek and investment firm L’IMAD are launching a new infrastructure investment partnership targeting up to $30 billion of investments across the Gulf Cooperation Council, Central Asia, and selected Middle East and North Africa markets. The partnership will focus on sectors including energy, transportation, logistics, digital infrastructure, water, and waste management, according … Read more

DEG provides $45m loan to Yapi Kredi Leasing for green, blue SME finance in Türkiye

DEG, the private-sector investment arm of German development bank KfW, has provided a $45 million senior loan to Türkiye’s Yapi Kredi Leasing to support green and blue economy financing for small and medium-sized enterprises. The five-year facility, which includes a one-year grace period, will be used to finance climate-smart SME projects across Türkiye, according to … Read more

DEG proposes $40m financing for Salvadoran sugar producer CASSA

DEG CASSA

DEG, the investment arm of German state-owned development bank KfW, is proposing a $40 million financing package for Salvadoran sugar producer Compañía Azucarera Salvadoreña S.A. de C.V., according to project documents seen by DevFiNews. The proposed investment will fund efficiency upgrades and refinance short-term debt, as development lenders continue to back sustainable agribusiness projects in … Read more

Temasek backs Pinegrove venture debt strategy amid tighter equity markets

Singapore state investor Temasek has partnered with Pinegrove Credit Partners to expand venture debt financing for technology and life sciences companies, as private credit gains ground as an alternative funding source for startups facing tighter equity markets. The partnership will focus on providing flexible, minimally dilutive financing to growth-stage companies across sectors including artificial intelligence … Read more

UK National Housing Bank backs Starlight rental housing fund to crowd in private capital

National Housing Bank Starlight

Canada-based Starlight Investments has secured backing from the UK government’s National Housing Bank for its second build-to-rent fund, in one of the first transactions by the newly established vehicle as England seeks to draw more private capital into housing. The National Housing Bank, which operates within Homes England, has joined Starlight UK Build-to-Rent Fund II … Read more

Turkven targets $400m for Türkiye PE fund as FMO eyes first-close commitment

Turkven’s Türkiye-focused private equity fund TPEF V is targeting $400 million in commitments, as the firm looks to back mid-market companies exposed to digital growth and hard-currency revenues. Dutch development bank FMO is considering a commitment to the fund at first close, according to disclosure documents. The size of FMO’s proposed investment was not disclosed. … Read more

FMO weighs up to $75m loan to Azerbaijan’s AccessBank for MSME lending

FMO AccessBank

Dutch development bank FMO is considering a four-year loan of up to $75 million to Azerbaijan’s AccessBank to support lending to micro, small and medium-sized enterprises, including women, youth and agriculture borrowers, according to documents seen by DevFiNews. The proposed multi-currency facility will comprise a committed tranche of $40 million and an uncommitted tranche of … Read more

Proparco commits $15m to Lightrock’s Latam impact fund

Proparco Lightrock

French development finance institution Proparco has committed $15 million to Lightrock Latam Fund II, expanding its exposure to climate and impact-focused companies in Latin America. The commitment brings Proparco’s total exposure with Lightrock to $25 million, including a previously announced $10 million co-investment in ComBio, a Brazilian renewable thermal energy company, the firms said in … Read more

Proparco, Atlantic Group sign MoU to support African private-sector projects

Proparco Atlantic Group

French development finance institution Proparco has signed a memorandum of understanding with pan-African conglomerate Atlantic Group to explore financing and operational support for projects spanning financial services, agribusiness, cement and mining across Africa. The agreement, signed during the Africa Forward Summit in Nairobi on May 11-12, sets a framework for a long-term partnership between Proparco, … Read more

FMO weighs $11.5m financing for Kenya avocado oil producer Origen

Origin FMO

Dutch development bank FMO is considering an $11.5 million debt facility for Kenya-based avocado oil producer Origen Fresh EPZ to expand processing capacity and support cleaner, circular manufacturing operations, according to project documents seen by DevFiNews. The proposed package includes $10 million in committed financing and an additional $1.5 million uncommitted tranche. The funds will … Read more