Rob Kotecki

A director in the People’s Bank of China has called the country’s current rules ‘insufficient’ for investment needs.

The Carlyle Group announced the firm hired an Ernst & Young veteran from the region to advise the firm’s investments within the country.

The $550m SunTelephone acquisition represents Bain Capital’s second Asian deal, as the Boston firm preps a dedicated fund for the region and names a high-profile local professional.

The global insurer’s fourth fund of funds vehicle closed well in excess of both its $400m target and its $239m predecessor.

The private equity arm of AIG will buy the North American port assets from the UK’s P&O Holdings, which is selling ports to a Dubai firm. The initial deal caused a national-security row among US policymakers.