financial inclusion

Apis's third growth fund closed on $1.23bn, making it the fourth largest impact fund to close so far this year.

Impact-linked loans were a recurring talking point at The Private Debt Investor Europe Summit 2026.

New limited partners in the sophomore fund include The Health Foundation, Esmée Fairbairn Foundation and Vivensa Foundation, as well as some family offices.

The Africa-focused firm raised its first small-cap fund in less than a year.

The World Bank Group's private sector division offers $125m for ADP IV and joins a mix of private investors and other DFIs, including Germany's DEG and France's Proparco.

The leaderboard in the New Private Markets Global Awards 2025 illustrates the increased prominence of emerging markets in sustainability, ESG and impact investing.

Many NPM award winners secured strong exits in 2025, particularly those focused on emerging markets.

The impact-focused firm has partially realised its investment in Aye Finance.

The French firm held a €100m first close in September last year.

Desenvolve SP has committed around $118m to 14 funds since January 2023, with 'more to come', said a spokesperson.