Siddharth Poddar

Discounted secondary positions are up for grabs in Asian funds but regional LPs still remain hesitant buyers, writes Siddharth Poddar.

Christopher Gammons replaces Chris Laskowski as head of Citi's Asian private equity banking group based in Hong Kong.

The global alternatives manager has reportedly pulled out of the $5bn India Infrastructure Fund, the other backers of which include IDFC and Citigroup, because it was unhappy with the small equity portion it was allocated.

The Nikko spin-out has hired Victoria Rohrsheim from Propel Investments as an associate director and CFO at the mid-market firm. Tasman Capital's management team now consists of six, four of whom were earlier at DB Capital Partners.

The Asia-focused buyout firm has wrapped up fundraising more than $1bn shy of its original target.

The New Zealand-focused private equity firm has started fundraising for its fourth fund, which though almost twice the size of its predecessor is targeting NZ$100m less than originally planned.

The sale of the power company comes a week after Temasek said it had scrapped the auction, citing unfavourable market conditions. It has now sold all three of its power companies in 2008 for a sum of S$11.7bn.

Australian software company MYOB has rejected the consortium's A$437m offer, saying it represents an 'unusually skinny' premium.

The Chinese sovereign fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS.

Asia-focused Olympus has teamed with US venture firm Bessemer on a $55m investment in Orient Green Global.