Sharon Lim

Kohlberg Kravis Roberts will become the latest alternative asset manager to raise funds on the public market, after revealing plans for a $1.25 billion initial public offering on the New York Stock Exchange before the end of the year.

China’s recent $3 billion investment in The Blackstone Group may have been the tip of the iceberg, as the government prepares to launch a $200 billion investment fund modeled on Singapore’s Government Investment Corporation.

CLSA Capital Partners has invested $20 million in Luminous Power Technologies, an Indian manufacturer of power inverters deploying an Asian growth capital fund and a regional clean tech fund.

The Longreach Group, a largely Japan-focused private equity firm, has joined a number of other international buyout firms to invest in a bank in Taiwan where the fragmented industry is undergoing consolidation.

Private equity infrastructure specialist Global Infrastructure Partners has opened an office in Hong Kong and appointed a new partner to lead its Asian investment activities.

Talks between Lone Star and Singapore’s DBS Group, involving the sale of the US private equity firm’s stake in Korea Exchange Bank, have ended due to still-unresolved investigations over Lone Star’s purchase of the controlling stake in 2003.

Istithmar has acquired a majority interest in a hotel being developed in the heart of Bangkok’s commercial district in the latest investment by the firm in the Southeast Asia hospitality sector.

ING Real Estate has acquired a shopping center in Morioka, a city in Japan’s North Honshu island.

US venture capital firm Mayfield has stepped up its India focus with the appointment of two local investment professionals and a new office in Mumbai.

The private equity investment arm of Dubai World has invested in a $50 million joint venture to build budget hotels across Southeast Asia.