Yvette Choo

Thirteen Asia-focused funds, which also invest in Greater China, raised $19bn in the third quarter, with growth funds accounting for the most capital raised.

The listed Babcock & Brown satellite, which has interests in 12 operating power stations and two more under construction, has also suspended distributions pending its recapitalisation.

The US-based private equity firm has also hired Stephen Barnes, former treasurer for Singapore Airlines, as director of marketing in Asia.

The Merrill Lynch Asian Real Estate Opportunity Fund is the firm’s first Asia-dedicated fund, which will focus on Japan, China, South Korea and India.

Former Bear Stearns senior managing director Steven Kwok and Standard Charter Private Equity's ex-Korea chief, Sokho Jung, will spearhead the Swiss bank's private equity expansion into Greater China and Korea.

The Indian infrastructure-focused firm had to delay the final close for five months pending regulatory approval. It recently announced the first investment from the vehicle, in Indian wind turbine manufacturer SE Forge.

The Indian infrastructure-focused firm had to delay the final close for five months pending regulatory approval.