By Sabrina Willmer
TPG is allowing investors in its second social impact fund to withdraw their commitments. The vehicle is still aiming to close this year with $3 billion.
China Life is an existing LP in the fund’s predecssor, Strategic Partners Fund VII, to which it had committed $10 million.
For the first fund, the two entities had announced a joint corpus of $750 million in 2014, most of which has already been invested.
EQT has previously said that it seeks to expand its investment portfolio in the Asia-Pacific by tapping mid-market and infrastructure opportunities.
The deal will help Evertstone’s healthcare platform, Everlife, include core in-vitro diagnostics segments in its portfolio of medical devices and expand its presence to India.
GIC will join Apax Partners as junior partner in the Trade Me takeover.
The funding secured by the media and entertainment company is a combination of equity and debt refinancing.
Norway GPFG has invested $658 million in RIL ($485.19 million), ONGC ($108.74 million), Indian Oil ($61.6 million) and Oil India ($2.03 million).
The deal is reportedly worth about 400 million euros ($450 million).
The deal, which values the Australian mining firm at $28.6 million, could delist Verdant Minerals from ASX.