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Aston Tan

Singapore's state-backed investment vehicle has appointed Tay Lim Hock as president of GIC Special Investments, replacing Teh Kok Peng (pictured), and Goh Kok Huat president of GIC Real Estate.
Using capital from both India and US growth funds, the firm has taken an undisclosed stake in the FTV Capital-backed analytics service provider.
The former Sequoia India team has reportedly collected the amount just a few months after breaking away from the US firm.
SAIF Partners has completely exited its holdings in National Stock Exchange-listed lighting company Havells India. The firm invested INR750m in Havells in 2008.
Multiples Asset Management, Mount Kellett Capital, Wolfensohn Capital Partners together with Bancorp will invest $64.4m in Dhanlaxmi Bank.
The US firm, through a subsidiary, has injected A$90m in ailing CMA. The capital infusion will go to restructuring its operations while marking KKR's second round of funding in the company this year.
Commercial Intelligence, which focuses on buying distressed debt, recently held a first close on Global Distressed Alpha Fund III at $18m for investments in Asia, Africa, Middle East and Latin America.
The Victorian Funds Management Corporation, which has existing private equity assets worth about A$1.2bn, has made redundant its private equity co-heads as it shifts focus to infrastructure investments.
Speaking on the sidelines of the PEI Asia Forum in Hong Kong, Enrique Cuan, co-managing partner of placement firm Mercury Capital Advisors, says LPs aren't yet as adventurous as one might be led to believe.
In yet another PIPE investment in China's clean energy sector, the US firm has agreed to invest up to $150m in Hong Kong-listed Comtec Solar Systems.

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