Sharon Lim
The Korean Ministry of Planning and Budget has sanctioned the launch of a $1.2bn fund infrastructure fund to be managed by KB Asset Management and backed by 17 local institutional investors.
Having already invested in Ripplewood and AIG Asian Infrastructure funds, the $70 billion Malaysia’s Employees Provident Fund is looking to expand its fledgling private equity portfolio.
West coast technology specialist Ignition Partners, having teamed with Intel Capital China chief Duane Kuang, has formed a $200m fund to invest in Chinese growth companies.
Orchid Asia Group Management, an early backer in ctrip.com, has invested $10m in Chinese retailer Sport100, shortly after closing a new fund last month.
Australia’s Macquarie Group is hiring two new China investment specialists to boost its corporate finance business.
The China-focused UK investment and merchant banking group has teamed up with China’s Ministry of Information Industry plus three local entities in a push for greater deal flow, expanded geographical reach.
US media group IDG and Silicon Valley’s Accel Partners have teamed up as co-sponsors of a $290 million China-focused technology fund.
Pacific Equity Partners has raised a total of AU$1.2bn in capital – AU$800m for a core mid-market strategy and AU$400m for a supplemental fund.
The Texas Pacific Group affiliates are teaming up to acquire a minority stake in Richard Li’s PCRD.
Temasek Holdings and Siam Commercial Bank (SCB) have led a group of investors in acquiring a 49.6% stake in Thailand’s Shin Corp for $1.87 billion.