Delta Partners Capital announces first $100m closing of its Emerging Markets TMT Growth Fund II
- United Arab Emirates: Monday, February 04 - 2013 at 14:27
- PRESS RELEASE
Delta Partners Capital is pleased to announce the first closing of Delta Partners Emerging Markets TMT Growth Fund II with aggregate capital commitments of $100m.
The Fund is a 10-year Cayman-domiciled vehicle advised by a DFSA-regulated manager, and has a target size of $350m and a hard cap of $500m.
The Fund will invest in growth capital and selected buyout opportunities in the telecoms, media and related technology sectors across Africa, Central & Eastern Europe, the Middle East, and South-East Asia.
It will adhere to strict environmental, social, and governance standards while providing investors with the opportunity to participate in one of the most exciting sectors in some of the world's fastest-growing economies.
Geoffrey D. Fink, Managing Partner and Head of Investments, commented, "We are delighted to have met our first-close target and to have attracted a world-class group of institutional anchor investors to the Fund. We believe that given our depth of expertise in TMT and extensive on-the-ground presence across emerging markets we are uniquely positioned to identify and execute on attractive opportunities in this dynamic sector, and to provide tangible added value to our portfolio companies."
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