By Malvika Joshi
CDC’s entry provides an exit to some of the existing limited partners (LPs) of IDFC Alternatives.
The third Asia buyout fund has received funding from 16 LPs so far.
The refusal by Kuwait’s Public Institution for Social Security (PIFSS) to join other creditors in a debt freeze may complicate Abraaj’s efforts to sell its investment management unit to New York-based Cerberus Capital Management.
A third of LPs surveyed by Coller Capital said the Asia Pacific does not have enough high-quality buyout GPs.
With ShakeDeal, Vora enters into direct deals and transactions from just enablement.
The deal comes at a time when the U.S. private equity giant Blackstone has been seeking to deepen its exposure to Australian and New Zealand commercial property.
The deal is believed to worth A$150 million ($115 million).
Outside of China/HK, Maison Capital is excited about the Indonesia market — it made an investment in Indonesian e-commerce firm WOOK last year — and is also considering exploring India.
The $90.5 million (S$121 million) Class A-1 bonds offering for retail investors by Azalea Group will carry a fixed interest rate of 4.35 per cent per annum.
The buyout firm will secure a 41.9% stake of Star Vision, which also includes an option to obtain a controlling stake in the future.