Yvette Choo

The investment in The Cerebrum was made through the IL&FS Milestone Fund I, a partnership between IL&FS and financial services group Milestone.

Leigh Clifford will advise the global buyout firm’s operations in Australia. His 37 years in the mining sector is expected to benefit the firm’s two Australian investments, especially mining company BIS industries.

The firm will pay roughly HK$2.4bn to add Natural Beauty on to existing portfolio company Global Radiance.

The new equity will increase CVC Asia Pacific's current 75 percent stake in PBL Media. Meanwhile the firm is going to court over an add-on acquisition to Asia Timber Products.

Zain Fancy, Roy Kwok, Bharat Khanna and Anand Madduri have joined New York's Och-Ziff to build out its Asia real estate platform.

Last month, the Abu Dhabi-backed investment firm acquired a majority stake in a UAE specialty beverage distributor.

The buyout firm's latest hires include former Coke executive Ludo Bammens as director of European corporate affairs. Meanwhile, Sanjay Nayar, ex-CEO of Citi's Asian operations, will be based in the firm's Mumbai office, which is opening in January.

The Chinese private equity firm was set up last year by former senior executives at Singapore's Temasek, which is an anchor investor in the fund.

Oaktree will be pursuing similar opportunities in Asia, with declining stock markets offering chances to acquire undervalued real estate.

The Shanghai-based investment firm will invest $30m for a 25 percent stake in a joint venture with Chinese developer, China Housing & Land Development, to build a 79-acre mixed-used project.