Blue Earth Capital, a Switzerland-based firm owned by the Blue Earth Foundation, recently paid an undisclosed sum to acquire portions of the stakes that British International Investment holds in three funds: Aavishkaar Goodwell India Microfinance Development Company II, Novastar Ventures Africa Fund II and the Africa-focused Adenia Capital Fund IV. BII describes the transactions as the government-backed institution’s “first portfolio secondary transaction… structured as a pilot to support the development of a more robust secondaries private equity market [in] emerging markets.”