Aston Tan

The firm has exited Thailand's Central Pattana after eight years and generated $170m in the process.

Tony Tan has given up his positions as deputy chairman and executive director at the Government of Singapore Investment Corporation to contest at the upcoming Singapore presidential elections. The news comes days after GIC revealed its new RE chief.

Goh Kok Huat has been appointed president of GIC Real Estate as part of a reshuffle of its executive ranks, the larger of Singapore's two sovereign wealth funds said. He replaces Seek Ngee Huat who will now chair GIC's Latin America Business.

Warburg Pincus will partner with Lemon Tree Hotels to launch Oceanus Real Estate, a joint venture focusing on affordable housing projects in India.

Diversifying allocations across alternative asset classes may mitigate the portfolio impact of climate change — which if left unchecked could cost institutional investors upwards of $12trn over the next 20 years, according to a recent study.

GIC, Centerbridge and Oaktree are also said to be bidding for the assets of the ailing Australian property investment firm.

The Japanese buyout firm has invested an undisclosed amount to buy TeleGuam Holdings from US-based Shamrock Capital.

The Swiss-headquartered global alternatives investor has established a base in Seoul and appointed Alex Cho to head its Korean efforts. The appointment will bring the firm closer to clients including Korea Investment Corporation.

The firm has reinforced its team with two new hires from Citigroup and will make investments in India's real estate space from existing funds.

The Kerala-based gold merchant will use the cash injection from Baring Private Equity Partners India and Matrix Partners India to "strengthen its capital base".