Lucia Dore
The Chinese investment company is partnering with Bank of China (Hong Kong) to set up the vehicle.
%20(1)%2080.jpg "Carlyle appoints new Southeast Asia head")
Sunil Kaul will lead investment advisory activities in Southeast Asia as part of the firm’s Asia buyout advisory team.
The Malaysian fund is seeking to raise MYR 300m for sharia-compliant investments.
The Chinese insurance company follows Sun Life Everbright that leads a consortium of insurer’s setting up a private equity vehicle.
MCP’s second fund is almost half invested with acquisitions pending in the next couple of months, MCP chief executive Alberto Forchielli told PEI.
The fund expects to boost staff numbers in line with the change.
More than half of its funds' committed capital is dry powder, managing director of the pan-Asia firm Mark Hsu tells Private Equity International.
The fund, which is focused on renewable energy, energy efficiency, environmental services, and agribusiness will invest more than $20 million per transaction.
The downstream assets were acquired in a co-investment with Infratil in 2010.
The Australian firm is investing from Fund V that closed at A$2.1bn this month.