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IREIFS Partners re-opens Bangkok office
Paris-based IREIFS Partners Private Equity is reopening its offices in Bangkok to tap opportunities in Thailand’s tourism industry, six years after withdrawing from the market.
CIC gets $30b government injection
China Investment Corp. (CIC) has received an additional injection of $30 billion from the Chinese government. The new capital will give the sovereign fund the firepower to invest overseas, particularly in Europe.
US pension funds move to raise alternatives exposure
Two US pension funds, Georgia Employees’ Retirement System (GERS) and Ohio State Teachers’ Retirement System (OSTRS) have made moves to boost their exposure to alternative investments.
NSSF teams up with SDIC to boost asset value
China's National Council for Social Security Fund has signed a framework agreement with State Development and Investment Corporation (SDIC) to boost the value of the state pension fund and state-owned assets.
Mehta leaves CCB to establish PE firm
Mickey Mehta, the assistant general manager and head of corporate banking and structured finance at China Construction Bank's (CCB) Hong Kong unit, has left to start his own private equity firm.
Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
IDG Capital Partners raises $571m RMB fund
IDG Capital Partners has reached a final close of RMB3.6 billion($571 million) for its Harmony Capital Fund, which will target innovative companies in Beijing technology hub Zhongguancun.
Sustainable Development Capital to raise $500m for Asia cleantech
Sustainable Development Capital (SDCL), a London- headquartered investment and advisory company, plans to tap $500 million to invest in green business in Asia within the next three years.
Shearwater's Stead becomes Australia head at Olympus Capital Asia
Gary Stead, co-founder and managing director of Shearwater Capital Group, has become Australia country head at Olympus Capital Asia. The move came largely as a result of the difficulties raising a new fund.
VinaCapital takes full control of BTS towers builder
Vietnam Infrastructure Limited (VNI), a VinaCapital closed-end fund trading on London Stock Exchange sub-market AIM, has increased its stake in in VNC-55 Infrastructure Investment to 100%. VNC-55 specializes in building and leasing Base Transceiver Station...
PAG commits $250m to Chinese pharma company
PAG Asia has invested $250 million in Shaanxi–based Bicon Pharmaceutical Holdings, becoming its largest investor, according to a statement released by the pharma company on Tuesday.
China business leaders join 3i’s advisory board
3i Group has appointed two Chinese business leaders and one academic to its newly formed advisory board for the country. The new recruits are Frank Ning, chairman of food conglomerate COFCO, Dr Bing Xiang, founding dean of Cheung Kong Graduate School...
CPPIB names Mark Wiseman as new CEO
Mark Wiseman will become the next CEO of Canada Pension Plan Investment Board (CPPIB) when current head David Denison retires at the end of June.
HAO Capital to roll out its third USD fund
HAO Capital, a China-focused growth capital investor, plans to launch its third US dollar-denominated fund this year and also exit two portfolio companies through A-share listings.
China to include PE in new securities fund law
China is likely to introduce a revised securities fund law this year, which could classify private equity vehicles as a legal product subject to clearer regulations.
Western Australia moves forward on sovereign fund plans
The Western Australia government appears to have accelerated plans to set up a sovereign wealth fund to accrue a portion of the profits being generated by the region’s natural resources. Premier Colin Barnett mooted the prospect of a future fund that...
Sony, Toshiba get state funding for outbound investment
Sony Corp. and Toshiba Corp. will be the first companies to receive capital from a $100 billion government fund set up last year to finance overseas acquisitions and minimize the impact of a rising yen. The strength of Japan’s currency has hurt export...
Oak Investment backs Chinese online shopping engine
B5M, a Chinese shopping online platform, has raised $7.1 milion through a Series A funding round led by Oak Investment Partners and e-commerce platform operator Giosis Holdings.
CITIC Capital rolls out new VC fund
CITIC Capital, partly-owned by Chinese Investment Corp. (CIC) and CITIC Group, has reached a first close of $60 million for its new venture capital fund. The vehicle represents the private equity firm's first foray into VC.
IncuCapital backs EFactor’s expansion in India
IncuCapital has reached an agreement to launch EFactor, a major global entrepreneurial community platform, in India, in a bid to generate business network opportunities for local entrepreneurs.
SEC files lawsuit against executives of Chinese coal company
The US Securities and Exchange Commission (SEC) has filed a lawsuit against two Chinese executives from Puda Coal, accusing them of shifting its main asset to a third-party company and then selling a stake to CITIC Trust. Ming Zhao and Liping Zhu, chairman...
Asia, Middle East LPs put up 30% of BC Partners’ buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...
MMI relies on US investors for $300m high-yield bond
KKR-owned MMI International successfully issued its $300 million high-yield bond, principally attracting interest from US investors due to their familiarity with the sector and the company’s customer base. The five-year non-call bond was priced at a...
Ojas Venture Partners backs Indian tech start-up BrizzTV
Indian technology start-up BrizzTV Media Lab has received Series A funding from Ojas Venture Partners, a VC firm that backs early stage technology-based businesses.