Asia-Pacific

Vestar loses money as Nybron restructures

Nybron Flooring International, a struggling Swiss maker of wooden floors, has become one of the first private equity-backed businesses to restructure as global markets stutter

GEM, CITIC target $1bn for natural resources fund(2)

The Global Emerging Markets Group and the Chinese government's investment arm are together raising a $1 billion fund to target mineral energy sources in the developing world.

KKR’s Chinese cement deal is third for $4bn Asia fund(3)

Kohlberg Kravis Roberts has invested $115 million in its first private equity transaction in China. It is the third for a $4 billion fund KKR has raised, its first Asia-dedicated investment vehicle.

Yale returns 28 percent, beats peers(2)

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.

Credit Suisse adds to Asia sponsor coverage group(2)

Credit Suisse has hired Ben Ngai from Citi to focus on sponsor coverage in China.

Report: China approves new PE funds(2)

China has reportedly approved four new private equity funds dedicated to high priority sectors, less than a year after launching its first private equity fund.

GEM, Fiduciaria Bogota launch $220m Colombia fund

As private equity in Colombia continues to boom, the Global Emerging Markets Group and Fiduciaria Bogota plan to raise a $220 million fund, the second Columbia-dedicated fund launched this year.

Yucaipa buys stake in Xinhua Finance(2)

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

Blackstone redirects focus to Asia, PIPEs

Blackstone reported a $113.2 million loss in the third quarter stemming largely from IPO-related costs. However, its president, Tony James, remained sanguine about the firm’s performance and its ability to shift focus amid credit market volatility affecting LBOs.

SVB Capital adds two partners(4)

SVB Capital has hired John Dominguez of Hill Capital Management and Vincent Williams of Northern Trust Global Investments to expand its private equity programme.