Hsiang-Ching Tseng
Chong-Suk Choi, the newly appointed head of South Korea's sovereign wealth fund, plans to increase allocations to alternative investments including private equity.
The fund has a reported target of $100m to $150m and is expected to start fundraising next month or in September.
The US firm is selling its entire holding in the Chinese mining machinery company to Joy Global.
Orchid Asia V attracted around 60 investors for a final close on hard-cap target of $650m just one year after its official launch in July 2010.
The China Securities Regulatory Commission has given brokerages permission to raise private equity funds using third party capital, paving the way for further development of the industry in China.
Three weeks after appointing heads for its private equity and real estate businesses, GIC has appointed Ang Kong Hua and Lim Hng Kiang as acting chairmen of the two business units.
Li Keping will replace Gao Xiqing as chief investment officer at CIC. Gao will reportedly continue his roles as vice chairman and president.
One Equity Partners, the buyout arm of JPMorgan, has partnered with Beijing Capital. The duo plans to invest $200m in Chinese companies.
A Taiwanese regulatory body has blocked the KKR-backed buyout of electronics company Yageo and barred KKR and Yageo CEO Pierre Chen from making another offer for the company for at least one year.
The latest Global Private Equity Barometer conducted by Coller Capital shows that 68 percent of Asia Pacific LPs will be buyers in the secondaries market over the next two years, while 42 percent of them will be on the sellers' side.