Hsiang-Ching Tseng

Fundraising, M&A and exits bounced back last year from the lows of 2009, according to year-end statistics from research group Zero2IPO. But while VC reached new highs, PE has yet to return to peak levels.

The Hong Kong-based firm will invest up to HK$720m for a minority stake in die-casting machine manufacturer L.K. Technology.

The European firm has acquired a 96% stake in UK-based food importer and distributor Classic Fine Foods, with the intention of expanding its operations into China.

Private equity firms exited a record 121 companies in India during 2010, while investments almost doubled to $7.97bn from the 2009 figure, according to recent data.

The $300bn Chinese sovereign wealth fund is reportedly setting up an office in Toronto in a broader push to expand its international operations.

Henry Chen and Alex Emery have been promoted to spearhead Permira's Asian expansion. In addition, Yuji Kato has taken over Emery’s role of head of the Tokyo office.

The measures leave many of the questions around foreign LP investment into RMB funds unanswered, but contain good news for foreign GPs managing RMB funds.

In addition to five US and European promotions, the Boston-headquarterd firm has named Naveen Wadhera head of India operations.

The Chinese capital has reportedly joined Shanghai in securing the necessary backing from China’s central government to launch a currency conversion programme for offshore LPs. Further detail on Shanghai’s QFLP scheme has also emerged.

Thomas Chan-Soo Kang has joined the firm. He will be based in Singapore, the site chosen for the New York-headquartered alternative investment firm’s third Asian office.