Siddharth Poddar

Hong Kong-based CITIC Capital is reportedly in talks with China's national pension fund and the China Development Bank to set up a buyout and a venture fund.

The New York-headquartered investment firm has promoted Amanda Siegel from vice president to partner. It has has also appointed three senior associates as vice presidents.

The Hong Kong-based fund of funds manager has added Wen Tan and Boris Bong to its group of managing directors, as it raises $400m for Fund II.

The private equity arm of Merrill Lynch has reportedly reduced its Australian private equity team.

Peter Pfister has moved from Zurich to Singapore to lead Deutsche Bank private wealth management's private equity operations in the region.

India Venture Advisors, a part of healthcare business Piramal Group, has reportedly made a INR900m investment in Kavery Medical Care and Hospitals.

Seven Media Group, in which Kohlberg Kravis Roberts invested $735m in 2006 for a 50% stake, is valued at zero. The Australian group owns Seven's television and online businesses as well as its stable of printed magazine titles.

The Delhi-based firm has held a first close for its third private equity fund, which aims to raise $250m by the end of the second quarter.

The Singapore sovereign wealth fund has established an office in the southern city of Chennai to expand its investment operations in India.

None of the sale's proceeds have been used to cash out Apax GPs, but rather will be re-invested in a permanent capital vehicle that will invest in Apax funds.