Delta Partners Capital Announces the First $100 Million Closing of its Emerging Markets TMT Growth Fund II PR Newswire DUBAI, UAE, February 4, 2013 DUBAI, UAE, February 4, 2013 /PRNewswire/ -- Delta Partners Capital is pleased to announce the first closing of Delta Partners Emerging Markets TMT Growth Fund II (the "Fund") with aggregate capital commitments of $100 million. First-close investors include the IFC (World Bank Group), NTT DOCOMO, and a number of leading family offices from Europe and the Middle East. Delta Partners Group, as sponsor of the Fund, and its affiliates are making a capital commitment of $20 million to the Fund. The Fund is a 10-year Cayman-domiciled vehicle advised by a DFSA-regulated manager, and has a target size of $350 million and a hard cap of $500 million. 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." Notice The statements contained in this press release are not an offer to sell or a solicitation of an offer to buy interests in the Fund, whether in the United States, the United Arab Emirates or in any other jurisdiction. Interests in the Fund have not been approved by the United States Securities and Exchange Commission or the Emirates Securities and Commodities Authority and may not be offered or sold in the United States, the United Arab Emirates or any other jurisdiction absent registration or an applicable exemption from registration requirements. About Delta Partners Delta Partners Group is the leading TMT advisory and investment firm in emerging markets. With more than 180 professionals, the firm operates across 50 markets in the Middle East, Africa, Eastern Europe, Emerging Asia, and Latin America. Delta Partners provides three synergistic services: management advisory, corporate finance, and investments from its offices in the UAE, South Africa, Spain, Singapore and Colombia. Delta Partners delivers tangible results to its clients and investors through its exclusive sector focus on telecom, media and technology, and a unique approach that combines a strategic perspective with a hands-on pragmatic approach. For more information please go to http://www.deltapartnersgroup.com . Karen Cordeiro, email: firstname.lastname@example.org telephone: +971566815864
Delta Partners Capital Announces the First $100 Million Closing of its Emerging Markets TMT Growth Fund II
Press spacebar to pause and continue. Press esc to stop.