Japan-based phone operator NTT Docomo joins fund as limited partner.

Dubai-based Delta Partners Capital has raised $100m in the first close of its latest growth capital and leveraged buyouts fund from limited partners (LP) including Japan-based phone operator NTT Docomo.

Delta said its fund was aiming to raise between $350m and $500m, with the management team contributing $20m. The fund will invest in technology, media and telecom (TMT) businesses across Africa, central and eastern Europe, the Middle East and southeast Asia.

Geoffrey Fink, managing partner and head of investments at…