Siddharth Poddar

The US firm is targeting $100m for its first Asian fund. Unlike other fund managers with grand expansion plans for Asia, Riverside is staying away from India and China.

Australia’s Anchorage Capital Partners has acquired Hans Continental Smallgoods – the first investment from its maiden A$200m fund, which has held a first close on A$100m, and its second in the food sector.

Aureos Capital has made its first investment in Tonga, an archipelago in the South Pacific Ocean. Tonga offers investment opportunities that are driven by increasing tourist arrivals in the Kingdom and the resulting need for infrastructure development.

The emerging markets private equity firm has acquired Teknicast in what is its second management buyout in Malaysia's aluminium sector and third overall in the country.

Abraaj Capital has invested in Turkey's Numarine to help expand the company's production facilities as it looks to take advantage of the growing market for luxury yachts in the Middle East, Asia and Eastern Europe.

The veteran venture capital firm has closed its second growth fund focused on India, bringing its total India-dedicated assets under management to $1.8bn.

The sovereign fund, which has received US antitrust approval to raise its stake in Merrill Lynch, has doubled its profits to S$18.2 billion. Though it predicts continued credit market fallout will dampen the economy, Temasek has indicated it will continue to do direct deals in financial services.

SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.

The India-focused venture firm has than doubled the size of its debut fund, which closed last year and has backed 13 companies to date.

Olympus has made its fourth Chinese investment with a growth capital infusion in Zhongwang International, the world's third largest aluminium profile company.