Aston Tan

The commitment takes the maiden fund of Renuka Ramnath's Multiples Alternate Asset Management one step closer to its $450m target. The fund will invest in businesses in various sectors including infrastructure, shipping and healthcare.

The BSE-listed company will also seed the fund with an INR200m sponsor commitment once approval from the Securities and Exchange Board of India has been obtained.

The investors will acquire an 11% interest in Bhilwara Energy and the capital infusion will be used to fund power projects in India and Nepal. The two firms will invest $25m each in the Indian operator and developer of power production plants.

The India-focused port and port services investor will take an 8.22% stake in Ocean Sparkle Limited. The deal gives London-listed Eredene a fleet of 82 vessels in 18 ports across the country.

Cross-sector project manager SingBridge International will manage and invest in large-scale, sustainable projects - initially in China and eventually globally.

The investment will see the private equity firm take a minority stake in Monnet Power, a subsidiary of CX partners' Monnet Ispat and Energy. Blackstone will make the investment via the $21.7bn Blackstone Capital Partners V.

The Shanghai-listed company will commit RMB300m to Blackstone’s maiden RMB-denominated fund targeting commitments of RMB5bn.

The financing, which is in the form of a structured credit deal, will be used to further expand the company's operations in India.

Former Nomura executive Shunji Katayama will join the private equity firm's Tokyo office beginning June 21.

The firm has joined a private equity consortium, which reportedly includes TPG Capital and Carlyle Group, in tendering an offer for the Australian healthcare provider.