By Ka Kay Lum
The pension fund approved a private equity allocation of $570 million to various general partners in July.
Sanaka Capital Partners, founded by former Carlyle India executive Shankar Narayanan, is looking to raise a total of $300 million for the fund.
TPG Asia VII, the latest and largest Asia vehicle being raised by buyout firm TPG Capital, is seeking to raise $4-4.5 billion.
The investment marks the fourth transaction for BRCM from its debut $50-million fund established in late 2017.
The deal ascribes a pre-money valuation of more than $500 million to the outsourcer.
The Franklin India Long Short Equity AIF will invest in stocks and derivatives in Indian companies for medium- to long-term.
The buyer is Danusa Tambang Nusantara, which is jointly owned by United Tractors and Pamapersada Nusantara.
The PE player seeks to widen its investment focus to Asia.
Since the start of 2017, it’s completed 31 deals with more in the works. Saudi Arabia’s Public Investment Fund completed 16 deals and boycott-hit Qatar Investment Authority did 19.
Temasek is also in talks to invest more in Ola by subscribing to new shares.