Mike Didymus

The $24.9bn-managing Montana Board of Investments has picked Axiom Asia and Accolade Partners among its latest tranche of alternatives fund commitments.

Africa has been touted as the "next great investment destination" in VC circles for at least a decade. But while many still believe Africa's star is soon to rise, plenty of investors have realised that its time to shine is actually already here. Despite a surge of unicorns in the region post-pandemic, however, access to capital for startups remains a perennial problem. AltAssets' Karin Wasteson investigates.

Pear VC has raised more than $430m for the final close of its fourth fund, one of the largest seed vehicle raised by a non-multistage fund in recent years.

Alternative credit investor Pemberton has brought in former Goldman Sachs exec Niamh Whooley as managing director and head of sustainable investing.

Tech-focused investment house Integrum has sealed a $1.1bn final close for its debut fund.

Listed Belgian private equity house Gimv has taken a majority stake in ERS Electronic, a provider of thermal management solutions for semiconductor manufacturing.

Columna Capital has backed home-based kidney disease treatment specialist Physidia.

IK Partners, a European private equity firm, has announced an agreement to acquire GoodLife Foods, a leading manufacturer of frozen snacks based in Europe.

Apollo has agreed to acquire United Living Group, a provider of infrastructure, social housing maintenance and construction services in the UK. The transaction is expected to complete over the summer.

Global private equity firm Warburg Pincus has agreed to pay $250 million to buy a majority stake in excess of 90 percent in Vistaar Finance, an Indian lender to small and medium size businesses, according to reports.