East Asia

Morgan Stanley raises $1.5 billion for new Asia fund(3)

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.

Abu Dhabi buys $7.5bn Citi stake

Following private placements with Apollo and Carlyle, the sovereign wealth fund has inked a deal for a 4.9 percent stake in Citi, whose alternatives arm manages nearly $62 billion.

CVC cuts ties with Citi for third pan-Asian fund(3)

CVC Capital Partners is ending a joint venture with Citi for its third Asian fund. CVC Asia Pacific Fund III is expected to close well above a $4 billion target.

CVC cuts ties with Citi for third pan-Asian fund(2)

CVC Capital Partners is ending a joint venture with Citi for its third Asian fund. CVC Asia Pacific Fund III is expected to close well above a $4 billion target.

BlueRun Ventures expands China team

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

Fidelity backs online manufacturing marketplace

Fidelity’s US and Asian venture teams have jointly led a $26 million Series D financing round for MFG.com, an online marketplace whose users include NASA.

Temasek loses China dealmaker to private equity fund(4)

Temasek, the Singapore sovereign fund, has lost three senior investment executives in a week. Jimmy Phoon, the chief investment officer of the investment firm in Singapore, is leaving. Hong Kong’s Frank Tang, Temasek China dealmaker, has also resigned with his colleague Terry Hu.

Goldman veteran goes full-time with Balderton(4)

Tim Bunting, the former Goldman Sachs banker, has taken on a full-time role with venture firm Balderton, after working with it in its previous incarnation as Benchmark Capital Europe.

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

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: CITIC Securities to set up PE business(4)

The brokerage arm of the China International Trust and Investment Company has reportedly received approval to invest around 15 percent of its net assets in private equity.