Sharon Lim

SAIF Partners, a private equity firm focused on Greater China, has raised $1.1 billion for its second fund as an independent entity. The fund will also invest in Korea and India.

ING Investment Management, a pioneer in the Australian private equity fund-of-funds business, is poised to start fundraising for its fourth investment vehicle.

CCMP Capital Asia and the private investment arm of Ontario’s Teachers’ Pension Plan have overcome heavyweight competition to acquire Yellow Pages in New Zealand for $1.54 billion.

Axiom Asia has achieved a final close on an Asia-focused fund-of-funds, raising $440 million in less than a year since it set up. Asia Alternatives and Emerald Hill are also raising their first Asia-dedicated fund-of-funds.

UBL Asset Management, a new subsidiary of India’s UTI Bank, is looking to raise a $500 million private equity fund to invest in India’s infrastructure.

Bain Capital has raised $1 billion for a new Asia-focused fund in just three months. This comes a year and a half after the Boston-based private equity group made its foray into the region.

Archer Capital is set to buy Australia-listed Rebel Sport for A$369 million, after a majority of shareholders followed the lead of the sports retailer’s largest shareholder Gerry Harvey and voted in favour of the take-private deal.

Vietcombank Fund Management, a joint-venture between Bank for Foreign Trade of Vietnam and Singapore-based Viet Capital Holding, has raised $120 million for a second fund, one year after it closed its maiden fund on $12.5 million.

The Carlyle Group and Providence Equity Partners have become the new partners for Irish publishing group Independent News & Media in the latter’s listed media business in Australia and New Zealand.

US investment agency Overseas Private Investment Corporation is committing $200 million to three private equity funds that will be investing in Jordan.