Industry
Temasek closes GMR at $200 million
Singapore SWF Temasek Holdings has finally agreed its investment in India's GMR Energy at some $200 million, lower than the $354 million predicted recently.
Citi's Sen cancels move to KKR
Abhijit Sen, CFO and CAO of Citi India, has apparently decided to stay at his post, after announcements earlier this month that he was moving to Kohlberg Kravis Roberts India as its new local CFO.
New Silk Route may take Temasek, Kotak, New Vernon out of INX
New Silk Route Partners has begun talks with fellow investors in India's struggling INX Media, Temasek Holdings, Kotak Private Equity and New Vernon Private Equity, to buy them out of the business.
CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment...
Telstra recruits Talevski from JANA
Australia's largest corporate superannuation fund, Telstra Super, has recruited Robert Talevski, hitherto a senior private equity specialist with its asset consultant, JANA Investment Advisers, to help manage its private equity program.
First low carbon fund launched in China
The ZheShang Nuohai Low Carbon Fund, which claims to be China’s first dedicated private equity vehicle focused exclusively on the energy conservation, environmental protection and new energy sectors, was formally established at the end of March.
CIC halves funds application
China Investment Corp (CIC), the PRC's $300 billion sovereign wealth fund, was denied central government approval to raise $200 billion in additional funding, and in response has lowered its application to $100 billion.
Legend Capital plans RMB fund
Legend Capital, the VC investment arm of PRC computer pioneer Lenovo Group, is planning to raise an RMB1 billion ($146 million) fund this year, according to MD and co-founder Chen Hao.
HSBC Infrastructure III first close on $580 million
HSBC has had a first close on its fourth and latest infrastructure vehicle, HSBC Infrastructure Fund III, at $580 million, against a final target of $1 billion.
SFERS backs CHAMP III
US LP the San Francisco City and County Employees Retirement System (SFERS) is committing around $18.42 million to Champ III, the currently-raising fund from Australia's CHAMP Private Equity, as part of its latest round of private equity investments....
CNEI closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund,CNEI Fund II, oversubscribed at $255 million, and just above its original $250 million target.
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.
Aditya Birla announces Fund I close
Aditya Birla Capital Advisors has announced the close of its first fund, Fund I, at some Rs.800 crore ($176 million).
Shanghai RMB LP plan reported
Reports in PRC media indicate the launch of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” to be floated in the Pudong New Area of Shanghai, authorized after an executive meeting of the Shanghai municipal government....
CNEI Fund II closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund, CNEI Fund II, oversubscribed at $255 million, ahead of its original $250 million target.
Japan's SBI and Brunei government form fund
Japanese financial group SBI Holdings Inc., has agreed to launch an Islamic investment fund of unconfirmed size with the Ministry of Finance of Brunei Darussalam, with investments to be made from Brunei Global Islamic Investments, operated by a new fund...
Orchard moves to KPMG from 3i
Dominic Orchard, formerly a Director with 3i Group in Asia Pacific, has now moved to KPMG in Hong Kong, where he takes on a Director role.
Temasek in India energy deal
After much speculation, it appears that Singapore-based Temasek Holdings will invest Rs.1,600 crore ($354 million) in India's GMR Energy in the form of convertible preference shares. The capital is intended to fund further expansion of thermal and hydro...
Ex Taiwanese minister launches PRC RMB fund
Yang Shih-chien, a former deputy economics minister in Taiwan, has reported launched his own RMB-denominated private equity fund.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
Citi appoints Banfield head of Asian M&A
Citigroup has appointed Colin Banfield, a current joint head of investment banking Asia ex-Japan for Nomura, as a managing director and head of M&A for Citi in Asia Pacific and as joint head of Citi’s Global Cross-border M&A business.
Ex-Goldman Hu may skip PE for PBOC
According to Chinese media reports, Dr Fred Hu, the former Managing Director and Chairman of Greater China at Goldman Sachs who recently retired from his post after only two years, may skip his reported plans for an independent private equity fund and...
Future Fund nixes Transurban role
Australia's SWF the Future Fund has terminated discussions to join the Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP) in their $4.5 billion planned investment in local toll road operator Transurban Group.