Siddharth Poddar

TPG's Indonesia affiliate has paid an estimated $400m for a 40% stake in Delta Dunia Makmur, which recently purchased a major Indonesian mining contractor.

Four Indian institutions will receive about $140m for their combined stakes in UTI Asset Management, whose private equity subsidiary is raising its third fund.

Domestic investors have helped the Mumbai-based private equity firm near a first close on its debut fund, targeting $250m.

The emerging markets private equity firm is targeting a first close for Aureos Southeast Asia Fund II by June 2010.

Australian private equity fundraising has fallen due to fewer new managers setting up shop, as well as the effects of the financial crisis.

The key markets of Asia, the US and Europe have diverged in their rationales for investment and must be evaluated independently, according to the fund of funds manager.

Year-over-year third quarter private equity revenue fell 90% for SHUAA, which recorded no exits or deal activity from July to September.

The presence of a large number of family offices in the Middle Eastern LP base underlines the importance of relationships in the region, writes Siddharth Poddar.

As institutional investors globally tighten their purse strings, Indian private fund managers are increasingly looking closer to home to raise funds.

Asia Environmental Partners, which invests in renewable energy and environmental services companies regionally, is Olympus Capital’s first fund targeting this sector.