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MidRail claims the Swiss firm has been 'unjustly enriched' at its expense through 'exploitation of MidRail's confidential information'.
The firm appointed Myron Zhu, former co-head of APAC PE at Aberdeen Standard Investments, in August to build out its third-party capabilities in Asia.
The firm will invest throughout the capital structure after previously being a senior debt-only shop.
Fewer China-headquartered PE funds reached final close last year as trade tensions, high valuations and concerns over tech exposure hindered capital raising efforts.
If the fund reaches its โฌ14.75bn target, it will be one of the largest European private equity funds ever raised.
Gilles Dellaert will lead Blackstone Insurance Solutions, a part of the business with a lot of growth potential.
Nicole Musicco has left the C$63bn Investment Management Corp of Ontario which helps public sector funds scale and gain access to private-market investments.
Julia Leung, the Hong Kong financial body's deputy chief exec, says asset managers in Asia tend to focus more on governance than environmental concerns.
Ahmed Badreldin, the firm's former head of Middle East and North Africa, says the North Africa Fund II has roughly doubled LPs' capital on exited investments so far.
Any savings the Parisian firm makes will be put into environmental projects, says CFO Philippe Audouin.











