Siddharth Poddar

The New York-based pension fund is opening its first Asian office in Hong Kong and has hired Eric Mason, who was formerly at The Carlyle Group.

The Kuwait Projects Co. plans to raise its first private equity fund, ‘market conditions permitting’, that would invest in sectors including real estate and financial services.

The Abu Dhabi Investment House is reportedly planning to launch a private equity fund to acquire distressed assets.

The alternative investment firm has a held a first close on its second China-focused buyout fund which is targeting an undisclosed amount.

Norwest Venture Partners has invested about INR770m in Bombay Stock Exchange-listed OnMobile, its first investment in a listed company in India.

The Chinese brokerage house and the US boutique investment bank are teaming up as CSI Partners to raise $500m for a China-focused growth capital fund. Former Bear Stearns Asia chairman Donald Tang will lead the firm, which will also advise on cross-border M&A.

The debt-ridden Australian infrastructure fund manager has gone into administration after investors in New Zealand voted against a restructuring plan that included a possible debt for equity swap.

Hong Kong-based CITIC Capital is reportedly in talks with China's national pension fund and the China Development Bank to set up a buyout and a venture fund.

Standardising reporting and valuation methods are key drivers of the IVCA's move to adopt voluntary guidelines for the Indian private equity industry. At present, each LP in a fund has different guidelines for reporting.

The Singapore sovereign wealth fund has established an office in the southern city of Chennai to expand its investment operations in India.