Energy-focused private equity firm Prostar Capital and its co-investor BlackRock have acquired Korean gas distributor Kyungnam Energy, facilitating an exit for local GP Anchor Equity Partners.
Prostar Asia-Pacific Energy Infrastructure Fund and funds and accounts managed by BlackRock’s infrastructure unit have bought a more than 95% stake in the business, following a competitive process. The...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.