Asia-Pacific

NEA’s founder to move to China

New Enterprise Associates’ Dick Kramlich will live in Shanghai for all of 2008, helping to source deals and build relationships.

Actis targets $2.5bn for global emerging markets funds(4)

Actis is switching tack with the launch of a global fund, aiming for a $1.25 billion global umbrella vehicle alongside four regional side-funds, the largest pool of capital in its history.

Yale returns 28 percent, beats peers(4)

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.

H&Q takes control of Taiwan Sumida Electronics

H&Q Asia Pacific has made a second investment in the electronics sector in six months leveraging its experience in the flat screen industry.

Actis sells global energy group for $528m

Actis has partially sold energy company Globeleq while retaining the company’s sub-Saharan assets and its global pipeline of projects. Actis has managed Globeleq for emerging markets firm CDC.

Carlyle hires global regulatory affairs head(3)

Carlyle has hired international trade and policy expert David Marchick to provide in-house government affairs, regulatory and strategic advice to its fund managers.

Yucaipa buys stake in Xinhua Finance(4)

After years of unsuccessful bids for US news agencies, Ron Burkle's investment firm has acquired a stake in China's Xinhua Finance Media.

Report: China to launch $200bn fund(2)

China will reportedly launch its $200 billion, Temasek-style fund tomorrow.

Morgan Stanley raises $1.5 billion for new Asia fund(4)

Morgan Stanley’s Asia private equity group has raised $1.5 billion for the firm’s third Asia-focused fund, underlining the US bank's renewed commitment to the asset class.

Yale returns 28 percent, beats peers(3)

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.