Hsiang-Ching Tseng

In addition to hiring a partner in Boston, the Merrill private placement spin-out has added six professionals to its team recently.

The fund, which has a target of $200m, is eyeing a first close of $75m later this year.

In a move to tap into China’s growing thirst for potable water, the US firm has agreed to make a convertible bond purchase in United Envirotech.

The Chinese sovereign wealth fund, which has deployed all of its investable capital received to date, recorded an overall return of 11.7%.

Institutional investors committing to emerging markets have been most keen on Asia and Latin America, according to the latest research from placement and advisory firm Probitas Partners.

A measure released today requires firms with an AUM of over RMB500m to register with China’s National Development and Reform Commission and submit to regular reviews. The measure will expand the investable universe of China’s SSF, which can only commit to NDRC-approved firms.

Steven Okun, a former deputy general counsel at the US Department of Transportation, will lead the firm's regional public affairs, corporate citizenship initiatives and external communications.

Carlyle has already recouped its investment in China Pacific through an $860m partial exit from the Chinese insurer and is on track for a 6x return.

The Swiss fund of funds manager has secured ex-AI Capital head Kazushige Kobayashi to lead its second office in Asia. The firm focuses on investments in infrastructure, private equity, clean energy and real estate.

The listed European firm is considering the launches as part of a two-year expansion plan following its recent restructuring.