As Western markets continue to see less activity, ING plans to sink a further $700 million into the growing Asian property market.
The Indian private equity firm has reportedly paid $800 million for a minority stake in Jaypee Infratech, an infrastructure division of Indian industrial conglomerate Jaypee Group.
The Paris-based bank has reached the half way point in raising a equity for income producing buildings, investments in forward-funded schemes and opportunistic deals.
The US-based independent placement agent is eschewing orthodox moves into Hong Kong or Singapore in the hope of stealing a march on its competitors.
The Dutch firm has launched a second fund with a target of $400m.
The private equity real estate division of Blackstone has yet to reach a final close, but its commitments to date mean the New York alternatives giant now controls the largest funds in both private equity and private equity real estate.
The group, owned by Sheffield United owner Kevin McCabe, will list its China fund with an expected development value of some £845m on the Hong Kong Stock Exchange.
Following a string of healthcare-related private equity real estate deals this year, New York-based alternative investment firm Angelo Gordon has acquired a provider of home healthcare and nursing services in the US.
Pacific Alliance China Land will focus on residential, commercial and industrial properties in the middle kingdom.
The firm has launched a global real estate securities fund for Taiwanese investors, investing in REITs globally.