Siddharth Poddar

The Abu Dhabi Investment House is reportedly planning to launch a private equity fund to acquire distressed assets.

Rabobank’s asset management arm and the city of Tianjin will launch a private equity fund focused on sustainable investments in China.

Vivek Paul, a former TPG Ventures partner and CEO of Wipro Technologies, has set up his own private equity firm and has reportedly started raising capital for a $400m fund.

The Chinese insurance heavyweight has said it has no plans to launch an RMB 20bn private equity fund in 2009, as media reports suggested earlier this week.

Macquarie Group's Sydney-headquartered funds management unit has raised $300m for an Asia-focused fund of funds and an additional $80m for a co-investment vehicle.

China’s Ministry of Commerce has rejected the takeover of China Hui Yuan Juice, one of China's leading beverage companies, six months after Coca-Cola first made an offer. US private equity firm Warburg Pincus owns a minority stake in the company.

The alternative investment firm has a held a first close on its second buyout fund, the final target for which is undisclosed.

Norwest Venture Partners has invested about INR770m in Bombay Stock Exchange-listed OnMobile, its first investment in a listed company in India.

Kaizen Global has begun fundraising for its maiden fund, which is focused on India's education sector.

The Sydney-based mid-market firm, which had been targeting A$800m, will supplement the fund with a co-investment programme of up to A$160m. It has also made five new hires.