Clare Burrows

The World Economic Forum has rated Hong Kong as the top financial centre globally for the second year running, despite a floundering IPO market.

The Japanese unit of Diversey, a provider of cleaning products, is set to be Carlyle Japan's next portfolio company.

The $1.4tn Japanese public pension fund is commissioning a study analysing how it should invest in private equity, real estate and infrastructure.

Improving returns and changing LP perceptions were among key talking points at the PE Asia India Summit in Mumbai.

China-based private equity fund returns were lagging in Q1 2012, with emerging markets returns also down year-on-year, according to a report from Cambridge Associates.

The private equity firm's latest frontier market fund has raised $25m for investment in Myanmar.

James Carnegie has joined The Blackstone Group to help source deals in Australia. The hire comes less than a year after the firm brought in Paul Costello as chairman in the country.

The Richard Ong-led private equity firm will do a first close this month on its $4bn Asia vehicle just two months after launching the fund. Temasek, an LP, made the largest investment ever into a single fund.

The Australian surfwear brand has received a new A$695m equity offer from TPG five months after it rejected a much higher bid from the US firm, a period in which its share price has plunged.

An investigation launched by the SEC into a US-lised Chinese company has caused private equity groups to question the validity of the 'variable interest entity' structure.