Delta Partners, an investment firm specializing in telecoms, media and technology in emerging markets has appointed Citi to provide fund administration services for the Delta Partners Emerging Markets Technology, Media and Telecoms (TMT) Growth Fund II.
The fund, targeting aggregate commitments of $350 million, has secured a $100 million first-close by gaining commitments from the International Finance Corporation, NTT DOCOMO and a number of family offices in Europe and the Middle East. Delta began fundraising last year for their fund, which focuses on growth capital and selected buyout investment opportunities in companies operating in the TMT sector in Africa, Central & Eastern Europe, the Middle East, and South-East Asia.