Sharon Lim

Bain Capital has partnered with CBL & Associates to invest in a Chinese mall operator and real estate developer.

Dubai-based Abraaj Capital has secured one-quarter of its targeted fund size at the first close of its infrastructure and growth capital fund.

Warburg Pincus has acquired a 20 percent stake in 7 Days, a budget hotel chain in China. The investment has been made from the firm’s first global real estate fund which closed on $1.2bn in October.

A planned auction of Ashikaga Bank, a Japanese bank revitalised by the government, is reportedly drawing interest from private equity groups including Lone Star.

The private equity arm of Standard Chartered has invested $33 million in an auto component market based in India.

ARCH Capital, a new fund manager in Hong Kong, has linked up with Ayala Land, a Filipino property developer, to raise a new private equity real estate fund with a $200m target.

Standard Chartered Private Equity has invested HK$370 million in a Chinese real estate development company, its second investment in a mainland China property in less than two months.

London-listed mezzanine capital provider Intermediate Capital has closed its first Asia-focused mezzanine fund on $500m, exceeding an earlier $400m target.