TPG fires McGlashan, allows investors to pull money from Rise fund

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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.

TPG co-founder Jim Coulter

Taiwan’s China Life Insurance commits $20m to Blackstone’s secondary vehicle

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China Life is an existing LP in the fund’s predecssor, Strategic Partners Fund VII, to which it had committed $10 million.


APG, Piramal Enterprises plan to raise $500m for second India infra fund: Report

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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 to opportunistically explore Asia opportunities with $10.2b infra fund

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EQT has previously said that it seeks to expand its investment portfolio in the Asia-Pacific by tapping mid-market and infrastructure opportunities.


PE firm Everstone buys stake in Chennai-based CPC Diagnostics

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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.


Singapore’s GIC to take 20% stake in NZ online auction firm Trade Me

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GIC will join Apax Partners as junior partner in the Trade Me takeover.


Hony Capital, TPG Growth co-lead $700m funding in STX Entertainment

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The funding secured by the media and entertainment company is a combination of equity and debt refinancing.


Norway wealth fund’s move to drop oil investments may impact Indian firms

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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).


Japan’s Sumitomo acquires Nordic parking lot operator Q-Park from KKR

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The deal is reportedly worth about 400 million euros ($450 million).


UK-based PE firm CD Capital acquires ASX-listed miner Verdant Minerals

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The deal, which values the Australian mining firm at $28.6 million, could delist Verdant Minerals from ASX.