Siddharth Poddar

The US firm is targeting $100m for its first Asian fund. Unlike other fund managers with grand expansion plans for Asia, Riverside is staying away from India and China.

Two weeks after making an indicative offer for shares of the Hong Kong watch company, CVC Asia Pacific has pulled out. Meanwhile Peace Mark has received another offer from an undisclosed investor.

Australia’s RedFire Investments will back domestic startups with the opportunity to commercialise their businesses by tapping into Asia's growth.

Australia’s Anchorage Capital Partners has acquired Hans Continental Smallgoods – the first investment from its maiden A$200m fund, which has held a first close on A$100m, and its second in the food sector.

The Australian private equity firm has purchased industrial services company LCR Lindores for an undisclosed amount from its A$950m second fund, now roughly 65 percent invested.

H&Q Asia Pacific, a private equity fund manager focused on investments along the Pacific Rim in Asia, has closed a domestically raised buyout fund, and is nearing the close of smaller fund being raised from overseas investors.

Aureos Capital has made its first investment in Tonga, an archipelago in the South Pacific Ocean. Tonga offers investment opportunities that are driven by increasing tourist arrivals in the Kingdom and the resulting need for infrastructure development.

Israel's Infinity Equity has teamed again with China Singapore Suzhou Industrial Park Venture Partners, this time to back a spin-out of Hong Kong-listed technology company Digital China Holdings.

The emerging markets private equity firm has acquired Teknicast in what is its second management buyout in Malaysia's aluminium sector and third overall in the country.

Continued keen interest in Asian private equity on the part of institutional investors has kept fund of funds managers very busy. But as economic growth weakens and capital deployment slows, the future holds some interesting challenges. Siddharth Poddar reports.