LPs
Temasek slated for $300 million in AgBank IPO
Singapore SWF Temasek Holdings is now looking to invest some $300 million in the upcoming listing of Agricultural Bank of China, which is expected to raise between $20 billion and $30 billion in the world's biggest IPO to date, according to reports.
Malaysia launches $6.1 billion fund for priority projects
The Malaysian government has announced the planned formation of an MYR20 billion ($6.1 billion) Facilitation Fund to support private sector investment in the country, providing infrastructure and assistance via grants, offtake agreements or similar mechanisms....
Agnellis' Exor plans Asia private equity JV with Jardine, Rothschild
Exor SpA, the Italian industrial holding company controlled by the Agnelli family behind Fiat and other leading businesses, is planning a private equity joint venture with Jardine Matheson Holdings and private bank NM Rothschild & Sons, focusing primarily...
Asia, MENA SWFs set to take pre-IPO stakes in China's AgBank
Asian and Middle Eastern sovereign wealth funds may benefit from pre-IPO investments ahead of the Agricultural Bank of China’s intended listing on the Hong Kong and Shanghai stock exchanges.
BMB Group acquires Contrarian for real estate
Asian investment and advisory firm the BMB Group,has acquired Paris-based Contrarian Capital Partners SA and its advisory subsidiary, Beacon Hospitality Partners S.A.R.L in Luxembourg, both of them specializing in real estate advisory services for Middle...
Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
Caution: Lower returns ahead?
Recently, as astute readers will remember, the EMPEA/Coller Capital Emerging Markets Private Equity Survey showed great expectations among LPs in emerging markets private equity funds.
Temasek discusses Indian roads fund
Singapore SWF Temasek Holdings is in talks with Indian authorities to create a fund of up to $2 billion to finance opportunities in the Subcontinent's roads and transport sector, according to Kamal Nath, the country's Minister for Road Transport and Highways....
SWF survey shows image shortfall
Sovereign wealth funds (SWFs), as well as private equity in general, may have a significant problem with acceptance even in some of the Asian markets most closely associated with them, according to a recent report, the Sovereign Brands Survey 2010, conducted...
Mass PRIM backs SAIF in first emerging markets commitments
Massachusetts Pension Reserves Investment Management Board (Mass PRIM), the $44.2 billion Boston-headquartered pension system for teachers and employees of the state of Massachusetts, has made its first commitments to emerging markets private equity,...
Dupont leaves Coller
Daniel Dupont, Partner at global secondaries investor Coller Capital, has resigned his post after more than a decade with the company.
CPPIB to boost exposure in Asia in 2010
North American LP the $120.8 billion Canada Pension Plan Investment Board (CPPIB) aims to boost its exposure in emerging markets this year, particularly in Asia, Mark Wiseman, CPPIB's EVP for investments has said publicly.
ChrysCapital to give back $300m
Leading Indian private equity firm ChrysCapital Management is to return $300 million of the capital from its ChrysCapital Fund V - India's biggest dedicated fund to date at $1.25 billion - to its LPs, citing a poorer market climate and limited opportunities...
Asian SWFs ramp up in North American oil and gas
PRC petrochemicals major Sinopec’s $4.65 billion buy into Canadian heavy oil producer Syncrude, covered recently in AVCJ, had one extra salient feature.
Sarona supports SEAF India fund, MicroVest
Sarona Asset Management Inc., a Canadian boutique investment firm, has committed capital to SEAF India Agribusiness International Fund, the agricultural fund of the Small Enterprise Assistance Funds group, and MicroVest II, a fund supporting microfinance...
TIAA-CREF loses Schwartz, merges units
Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), the $363 billion US asset management group and institutional investor, is merging its alternative investments and global private markets groups after the departure...
Partners Group Dubai office targets MENA, India
Swiss alternative asset manager Partners Group has announced the opening of a new office in Dubai, seeking to tap both the MENA region and India.
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...
Temasek arm does China food venture for Sing
Singbridge International Singapore Pte Ltd, a wholly-owned unit of Singapore SWF Temasek Holdings, has signed an agreement with the Municipal Government of Jilin province in northeast China to build a JV "food security" food zone.
Temasek makes ex-SGX Hsieh President
Temasek Holdings has appointed former Singapore Exchange CEO Hsieh Fu Hua as executive director and the new president of the $122 billion Singapore SWF.
Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
GESB Oz makes new appointments
Western Australia's Government Employees Superannuation Board (GESB) the state's largest superannuation fund at $10.4 billion, has just made two new Investment Strategist appointments: Kate Budiselik as real estate, infrastructure and multi-manager lead,...
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
Edelweiss, Elephant join Axis Private Equity bidding
Two more bidders for Axis Private Equity, the private equity arm of Axis Bank, have been identified as Mumbai financial services group and special situations investor Edelweiss Capital and AIM-listed private equity firm Elephant Capital.