Posted on 19 August, 2019
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 US$ 100 million in debt capital from Goldman Sachs.
Below are excerpts from the post that first appeared on VCCircle on 19 August 2019:
Fin-tech company MPOWER Financing Inc has raised $100
million (roughly Rs 714 crore at current exchange rates) in debt capital from
US-based investment banking firm Goldman Sachs. MPOWER, which counts private
equity firm Zephyr Peacock as its backer, will use the funds to broaden its
reach to students looking to study in the US and Canada.
The company had raised $100 million in loan from Community Investment Management last year, and the latest round takes its total loan financing capital to $200 million.
“This partnership with Goldman Sachs puts us one step closer to securitization of a new, global, impact-focused asset class,” said Lana Lodge, SVP - business operations, MPOWER Financing.
Besides the debt or loan capital, VCCircle exclusively reported in June 2017 that MPOWER was looking to raise about $15 million (Rs 97 crore then) in Series B round to strengthen its India presence and cater to loan growth. MPOWER had raised $500,000 from global startup incubator 1776's venture fund, which also invested in its Series A round.
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 22 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.
Zephyr Peacock India
Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
Emerald Sri Lanka Fund
Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.Read More
Zephyr Acorn provides equity
Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.Read More
Active Portfolio Support
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.