By Tanu Pandey
The plan to launch a second larger fund is based on the success of OCBC’s first fund which is on track to meet its targeted 20% IRR by the end of the term.
The fund hit its first close at $34.5 million in August, with commitments from IFC, the Dutch Good Growth Fund and UK state-owned CDC Group plc.
KKR previously paid about A$327.4 million (nearly $231 million) to buy a 17.6% stake from Bain to build up its hold in MYOB to 19.9%.
A consortium including CPPIB and an ADIA subsidiary, bought a 51% stake in Sydney’s WestConnex motorway project.
The fund, called Paradigm, was recently started by Coinbase Inc. co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes, an ex-employee of crypto fund Pantera Capital.
GIC played a part in Vietnam’s top three equity offerings ever, all of which were completed in the past year.
Century Bridge Capital has invested $5.6 million in a joint venture residential project with Zhongliang Real Estate Group.
KKR & Co, among the most active investors in India this year, is seeking to deploy capital actively targetting family businesses and other corporates, its co-founder Henry Kravis said.
ShawKwei made its first investment from the latest fund in O&G services firm Gaylin in a transaction worth $100m.
Carlyle had acquired about a 37 per cent stake owned by G.S.K. Velu, former promoter in Metropolis, in 2015.