East Asia

Report: Chinese sovereign fund to avoid foreign oil, airlines, telecom sectors(4)

China’s vice minister of finance reportedly said the state’s new $200 billion sovereign wealth fund will be transparent in its actions, and will not aggressively seek to acquire foreign oil companies, nor invest in airlines or telecom firms.

Report: Chinese sovereign fund to avoid foreign oil, airlines, telecom sectors(3)

China’s vice minister of finance reportedly said the state’s new $200 billion sovereign wealth fund will be transparent in its actions, and will not aggressively seek to acquire foreign oil companies, nor invest in airlines or telecom firms.

GEM, Fiduciaria Bogota launch $220m Colombia fund(3)

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.

Global, Millennium raise $500m Shariah fund

The two Middle Eastern firms and regional bank Dubai Islamic Bank have raised a Shariah-compliant vehicle that will invest alongside Global Investment House’s planned $1.5 billion global fund.

Lombard makes partial exit via IPO in Singapore(4)

Lombard Investment has made a partial divestment from Mermaid Maritime, an offshore marine and oil drilling rigs business which listed in Singapore on 16 October.

BlueRun Ventures expands China team(2)

BlueRun Ventures, a US early-stage venture capital provider, is boosting its capacity for internet, wireless and consumer deals the region.

Istithmar opens Shanghai office(4)

Dubai investment group Istithmar has opened an office in Shanghai; it is the firm’s first office outside of the United Arab Emirates.

DIC picks up Almatis, UBS underwrites $1bn(4)

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.

Report: Chinese sovereign fund to avoid foreign oil, airlines, telecom sectors(2)

China’s vice minister of finance reportedly said the state’s new $200 billion sovereign wealth fund will be transparent in its actions, and will not aggressively seek to acquire foreign oil companies, nor invest in airlines or telecom firms.

Catterton to pay $267m for specialty retailer Restoration Hardware(4)

US retailer Restoration Hardware has agreed to a $267 million buyout by consumer-focussed private equity firm Catterton Partners.