Hsiang-Ching Tseng

The Export-Import Bank of China has set up a private equity fund with a $1bn initial target to invest in Southeast Asian infrastructure and new energy projects. The fund aims to collect $10bn over the next eight years.

The stricken Australian electricity generator has received a number of trade bids, which will be weighed up against a private equity recapitalisation plan put forward by TPG Capital, Anchorage Capital and Oaktree Capital.

The Steve Schwarzman-led firm, which is targeting about $738m for its debut RMB fund, expects a final close by September.

KKR will for the first time raise a country-specific fund, which has a target of around $1bn.

More than $5bn was invested in cleantech and renewable deals by private equity and venture firms during the second quarter.

SAIF Partners is one of a few investors in talks with PTC India to acquire a minority interest in the power trading company’s financial services arm.