Jenny Blinch

The Singapore-based firm has hired Alex Sao-Wei Lee from secondaries specialist Coller Capital.

Firms headquartered in the MENA region have taken the top four spots in PEI Asia’s inaugural ranking of the 30 largest private equity firms in the Middle East and Asia Pacific.

ADIC, Korea Development Bank and the Korea Trade Promotion Agency aim to boost the private equity, real estate, and infrastructure investment flow between the MENA region and South Korea.

The buyout fund, which was launched in the second half of last year with help from Credit Suisse, is expected to reach a final close on its target of AED2bn by July.

The new firm has acquired Hong Kong-based Vision Asia Pacific, the angel fund seeding platform of Hong Kong-based hedge fund of fund manager Vision Investment Management.

PEI Asia’s inaugural ranking of the 30 largest private equity firms from the Middle East and the Asia Pacific.

The global titan has been granted a license by the Dubai Financial Services Authority to operate from the Dubai International Financial Centre.

Panellists at the PEI Forum: Asia tell delegates in Hong Kong that the private equity industry in the region does not need a radical change in approach, but must accept the boom years are over.

The Abu Dhabi investment fund’s annual report reveals it has written down its 7.5% stake in Carlyle’s management company, which would value the private equity firm at roughly $12.7bn.

Shareholders have now twice voted against dissolution of the stricken Dubai-based bank.