Jenny Blinch

The Indian firm has now raised a total of $350m for its third fund from domestic investors.

The firm has now raised a total of $350m so far from domestic investors for India Advantage Fund Series III.

Hong Kong-based boutique SC Lowy has been established by the former heads of Deutsche Bank's Asian Distressed Products Group. Targeted opportunities to include real estate.

The firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.

The real estate and private equity placement agent has appointed Heidrik & Struggles partner Sheng Lu to head its new Shanghai office.

The Abu Dhabi investment fund’s annual report reveals it has written down its 7.5% stake in Carlyle’s management company, which would value the private equity firm at roughly $12.7bn.

The Bahrain-based firm has added a third school to its education platform with the acquisition of Dubai-based Al Maaref school.

For MENA-based private equity funds, fundraising is no picnic, writes Jenny Blinch.

Dubai International Capital and Dubai Group have been placed into the same holding company, while the debt-laden emirate has also combined back office functions for its three real estate entities.

Sylvain Denis and Alan Hyslop are to leave Dubai International Capital, leaving the firm’s private equity business in the care of portfolio managers David Smoot and Eric Kump.