Siddharth Poddar
Private equity firms CVCI and Ascent Capital will partially exit their holdings in the Indian power development company as it looks to raise INR11.4bn from its IPO.
Weijian Shan has been appointed chairman and CEO of Pacific Alliance Group, where he will also head an Asia-focused buyout fund. TPG will continue to maintain a 'business relationship' with Shan.
TPG has reportedly sold a little over half of its 4% stake in China’s Ping An Insurance, which it last week swapped for its stake in Shenzhen Development Bank.
The Mumbai-based firm is also set to begin marketing a $100m real estate fund targeting domestic opportunities.
The Mumbai-based firm is also set to begin fundraising for a $100m real estate fund targeting domestic opportunities.
Jayanta Banerjee and two other senior professionals on the Mumbai-based firm’s private equity team have resigned to set up their own private equity shop.
The global placement agent has launched a platform to help managers raise RMB funds and has hired Eric Gu from China’s National Social Security Fund to lead the effort.
Canada-based China Select Capital Partners has received approval from the municipal government of Suzhou Industrial Park to set up funds denominated in the Chinese currency.
The private equity investment firm has hired Tatsuya Kubo from Fortress Investment Group to head what will it be its second Asian office.
The Olympus Capital Holdings Asia- and Bessemer Venture Partners-backed Indian renewable energy company has filed a draft red herring prospectus.