Posted on 13 July, 2021
Zephyr Peacock invests in small and medium sized enterprises
operating across financial services, food and agriculture, and infrastructure
ancillaries sectors. The Fund identified education finance as a high growth
sector and invested in MPOWER Financing, a provider of education loans to
international students pursuing higher education in North America. MPOWER has
raised $100 million funding from Tilden Park Capital Management, King Street
Capital Management, Drakes Landing Associates, and Pennington Alternative
Income Management.
Click here to read the full article on ‘The Economic Times’
Below is an excerpt from the post that first appeared on The
Economic Times on 13 July 2021:
MPOWER Financing, which provides education loans, on Tuesday
said it has raised an equity investment of USD 100 million (about Rs 744.8
crore) from Tilden Park Capital Management, King Street Capital Management and
others.
The new funding is in addition to the USD 30 million raised
by the company earlier this year from Tilden Park Capital Management, which
also participated in the current round, and ETS Strategic Capital on behalf of
ETS, a statement said.
"Other investors in the current round include King
Street Capital Management, Drakes Landing Associates, and Pennington Alternative
Income Management," it added.
Founded in 2014 by Emmanuel (Manu) Smadja, MPOWER Financing aims to democratise education by reducing financial barriers for high-promise students from India and other countries.
"The new funds will be used to directly support
students, automate and scale our operations, and to grow our team in Bengaluru.
We look forward to supporting an even greater number of qualified students
around the globe as they study in the US and Canada," MPOWER Financing
Chief Executive Officer Emmanuel (Manu) Smadja said.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored and/or managed 26 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
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Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.
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Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.
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Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.
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The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.