Siddharth Poddar

Temasek Holdings and state-owned Bank of China are in talks to establish a fund that will raise between $1bn and $2bn for investments in Chinese infrastructure.

A recent study shows the world's largest private equity fund of funds managed $177bn last year, a 27% rise from 2007.

A Bank of China subsidiary is reportedly setting up an RMB-denominated private equity fund focused on China’s media industry.

Real estate remains the most popular alternative asset class among pension funds despite a 4% fall in assets under management in 2008, according to a Watson Wyatt survey. Allocations to private equity and infrastructure rose by 4% each.

Less than two months after acquiring Oriental Brewery in a blockbuster deal, KKR is selling half the brewer to Affinity Equity Partners for $400m.

Shailendra Bhandari has left the Indian conglomerate less than a year after he joined.

Denis Tse from CDIB Capital will oversee LMIM's private equity and private equity real estate fund commitments in Asia.

Ashok Aram, who previously represented the bank on Abraaj’s board, has joined the Dubai-based private equity firm as a managing director.

The Mumbai-based buyout firm has almost doubled the size of its previous fund, bringing total assets under management to $1.4bn.

The banks, backed respectively by JC Flowers and Cerberus, will create Japan’s sixth largest banking group.