India: Edelweiss arm to acquire two real estate funds from Milestone Capital

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Both funds are Sebi registered Category II alternative investment funds with combined AUM of over Rs 150 crore.

Texas ERS approves $75m in commitments to two PE funds

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Texas Employees Retirement System (ERS) has approved total commitments worth $75 million to KSL Capital Partners V and Baring Asia Private Equity Fund VII.


KKR to acquire 60% stake in Ramky Enviro for $530m

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This is the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.


PE may need to step in earlier into deals to tap SE Asia opportunity: Perlman, Warburg Pincus

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Warburg led a $64-million round for local SaaS firm Trax last year.


Hong Kong’s PE firm GSR to invest $270m in Overstock’s blockchain subsidiary

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GSR will own an up to 18% stake in Overstock subsidiary tZero as part of the deal, leading to a post-money valuation of $1.5 billion for the latter. 


True North buys Glenmark’s ortho, pain management business in $92m deal

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Glenmark’s orthopaedic and pain management business in India and Nepal will be transferred to a new entity to be incorporated by True North.


Malaysian pension fund EPF is in good hands, says outgoing CEO Shahril

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Shahril Ridza Ridzuan also said that he expects the pension fund to stay focused on its long-term goals and not be pressured by short-term fiscal results.


Qatar’s sovereign wealth fund QIA raises stake in Credit Suisse to 5.21%

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Bankers have said Qatar’s stake in Credit Suisse might become an issue for the Swiss bank’s plan to expand in Saudi Arabia, where it is seeking a full banking licence.


Vietnamese PE Mekong Capital fully exits Asia Chemicals at IRR of 15.1%

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MEF II has divested 100% of its final remaining investment, resulting in the Fund achieving a net return multiple of 4.5x and net IRR of 22.5%.


India Digest: Nexus leads $3m round in Quizizz; TransportEG gets $1.9m from IL&FS

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The funding will support new products that help students master standards specific to their grade level, school, and state.