QIC announces $800m first close on global infrastructure fund

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Queensland Investment Corporation (QIC), a global diversified alternatives investment firm and one of Australia’s largest institutional investment managers, Tuesday announced it has raised $800 million from the first close of a its new fund. The QIC Global Infrastructure Fund (QGIF) has been closed at 50 per cent of target, and will now begin… Read more »

Navis Capital sells Singapore-based ECO Industrial to Beijing Capital for $179m

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Southeast Asia-focused private equity firm Navis Capital Partners Ltd has exited its investment in Singaporean waste management company, ECO Industrial Environmental Engineering Pte Ltd, in a trade sale to China’s Beijing Capital Group for S$246 million ($179 million). The Malaysia-based firm had acquired a controlling interest in the waste management company in 2007… Read more »


GAO and Straits Financial Group to partner on GAO Funds

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GAO Capital (GAO) has established a strategic alliance with Straits Financial Group to collaborate on GAO Funds, a multi-strategy fund platform expected to launch on 1 September 2015. GAO is a Singapore-based international investment office for families and foundations that has advised and invested in more than $1 billion of alternative strategies. GAO Funds… Read more »


Singapore’s GIC warns of a decade of low returns

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Singapore’s sovereign wealth fund GIC, warned Thursday that it could be hit by lower returns for as long as a decade. Expressing further caution, the fund said that it may have to tolerate short-term unrealised losses, before reaping the benefits of its long-term investments. The warning comes even the world’s… Read more »


L Capital exits India’s PVR for $76m, makes over three-fold returns

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L Capital Eco Ltd, a subsidiary of the Singapore-based private equity fund sponsored by LVMH Moët Hennessy Louis Vuitton (L Capital Asia), has sold its entire 15.03 per cent stake India’s largest multiplex by screens, PVR Ltd. L Capital Eco Ltd sold its 6.24 million shares on India’s National Stock Exchange (NSE)… Read more »


GLP launches $7b fund for China expansion

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Singapore-listed Global Logistic Properties Ltd (GLP) Tuesday announced the setting up of a $7 billion China-based logistics infrastructure fund, to develop modern logistics facilities in China. The company’s second China-focused logistics infrastructure fund is more than double of its earlier fund, that had closed at $3 billion. The company attributed the $7… Read more »


Malaysian fund Khazanah exits India’s L&T, makes 15% gross return

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Malaysian sovereign wealth fund Khazanah Nasional Bhd (Khazanah) has exited its four-year-old investment in India-based L&T Finance Holdings Ltd, the public-listed financial services unit of conglomerate Larsen and Toubro Ltd (L&T). The sovereign fund, which had a remaining 1.1 per cent stake in L&T, pocketed around Rs 120 crore ($19… Read more »


Exclusive: SC Capital launches Asia core-plus $400m fund

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Singapore based institutional real estate private equity investment firm, SC Capital Partners has launched a core plus Asia-focused property fund, with a target to raise $400 million, a company executive aware of the development told DEALSTREETASIA. After having raised four opportunistic real estate funds – with the latest being the… Read more »


Dragon Capital funds transfer 3m FPT shares to US based firm Wasatch

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Five funds and investment banking firms under the management of Dragon Capital – an investment vehicle in Vietnam – have transferred three million shares of the country’s largest tech company FPT Corporation, to two funds of US-based fund management firm Wasatch. This was announced by the Vietnam Securities Depository, which revealed that the transfer has… Read more »


Everstone Capital raises $700m for its third fund: Report

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Private equity firm Everstone Capital that focuses on investments in India and South East Asia has raised $700 million for its third fund, a report in Indian business daily Mint said, citing two executives aware of the development. The investors in Everstone Capital III LP, include International Finance Corporation (IFC), an arm… Read more »