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The Swiss-headquartered investment firm has already received over $100 million in commitments for the new fund.
According to figures presented at the AVCA’s annual conference in Mombasa earlier this week, VCs active in Africa invested $1.3bn last year, up 60% on 2003.
The latest incarnation of Sithe Global Power, a Blackstone investment, represents a shift in the electric energy opportunity, as distressed deals dry up and equity sponsors clamour for greenfield strategies.
Following its enormous success in Texas Genco and other recent energy exits, Blackstone has agreed to acquire an 80 percent interest in Sithe Global Power.
The increasingly attractive emerging Indian market has seen the close of another fund, this time from domestic PE firm Westbridge.
Ian Simm, the newly appointed CEO of environmental finance group Impax, is taking over at a time of growing interest in renewable energy. By Jonn Elledge.
Following the G8 Summit, Richard Laing of emerging markets investor CDC outlines why Africa needs long-term private equity capital for a long-term solution.
The UK government-owned emerging markets investor has announced commitments of more than $100m to four separate African private equity vehicles.
The UK-listed financial services company has held a €60m first close of its third private equity fund, which will focus on the renewable energy sector.
The global venture capital firm says its $45m investment in Nimbus is the largest ever private equity investment in the Indian media and entertainment industry.

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