East Asia

CDIB invests $25m in Chinese furniture company

CDIB Capital has invested in a mainland furniture supplier after taking a stake in a duty-free retailer last month.

Schwarzman anchors $300m China endowment

The Blackstone co-founder has donated $100m to create an endowment at Beijing's Tsinghua University. Advisors including Tony Blair, Henry Kissinger and Christine Lagard have signed on to the initiative, which aims to raise $300m.

LBS academic: Asia PE needs more data

Professor of finance at London Business School, Francesca Cornelli, believes more academic research in Asia is required to show how GPs can generate the best returns.

Chinese LPs to target offshore PE

Chinese investors continue to increase their offshore direct investments and will begin to target foreign private equity funds to diversify their portfolios, according to cross-border firm A Capital.

Lunar buys Chinese beef company

The Shanghai-based firm will pay $50m for Yonghong, a supplier of processed beef products, at a time when China’s food industry is mistrusted due to food safety scares.

PEI Forum: Asian companies way under-levered

A mismatch in supply and demand has created big opportunities for credit and distressed lending in Asia, delegates heard at the PEI Global Alternatives Investment Forum in Tokyo.

Saban relocates to Singapore

The media-focused firm has closed its Hong Kong office and opened in Singapore, where there are more TMT opportunities than in Greater China, says director Sumeet Jaisinghani.

EQT creates $1bn cross-border expansion fund

The Sweden-based private equity firm has merged two of its vehicles to create a platform to expand businesses between Asia and Europe.

Shanghai plans secondaries trading platform

The initiative introduced by Chinese regulators to allow private equity players to buy and sell companies more easily will likely offer lower quality assets, according to industry sources.

Baring Asia scales up

Since 2011, the pan-regional firm has realised $800m, added 20 professionals and built an in-house team for operational value-added work, according to Jean Eric Salata, founding partner.