Exits

Former domestic alternatives division head Lee Su-Cheol will replace Yang Young-Sig, who left the world's third-largest pension last month.

The firm has divested 14.3% of the business, which it originally invested in in 2005, through what it described as an ‘over-subscribed offering’.

A US energy group is paying $852m, including debt, to buy the 252MW Ventika wind project from the private equity firm.

A platform created by the US group and the Dutch pension in October is set to acquire FPS for €697m, just over a year after Antin acquired full control of the French company.

The troubled pension was expected to approve the sale, which includes private equity and real assets stakes, on Thursday.

The European fund manager is due to sell Westerleigh less than four years after buying it, sealing its fifth exit from Fund I.

The UK firm’s infrastructure arm could soon seek fresh capital after making four investments in the first half of its financial year.

Shanghai Electric Power is set to acquire the firm’s 66% stake in K Electric in one of Pakistan’s largest private sector transactions to date.

The Australian firm has sold the only timberland asset in its portfolio, inherited in 2008 via a fund it acquired from Perpetual, to Canada’s Manulife.

The Sydney-based developer intends to delist UGL after acquiring the 86% it does not already own in the business.