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The Indian power company's blockbuster IPO raised INR30.2 billion. 3i owns a 7.37% stake in the company, which was the first investment from its Indian infrastructure fund.

Avago plans to raise $504m in the IPO, in which both private equity firms will be diluting their stakes. The semiconductor company was KKR’s first deal in Asia when both firms acquired the company in 2005 for $2.66bn.

The Middle East-backed firm plans to initially invest in China on a deal-by-deal basis, with an eye to raising sector-specific private equity funds in the future.

Adani Power, in which 3i just upped its stake last month to 7.4%, is reportedly the largest Indian IPO in 18 months and was 4 times oversubscribed within a few minutes of opening.

GPs are inreasingly employing non-LBO strategies in the US, including making distressed debt plays and PIPEs, Ernst & Young research has found.

The US private equity firm continues its search for an exit from the Korean bank after reported discussions with TPG and Oaktree failed to produce a deal.

HRL Morrison’s Public Infrastructure Partnership Fund aims to raise NZ$500m to invest in New Zealand’s social infrastructure.

The Connecticut-based placement agent has promoted David Love and Franklyn Chang to lead its efforts in Asia Pacific and Europe, respectively.

The $30m investment will be used to tune up Future Supply Chain Solutions’ logistics infrastructure, boost its technology platforms and augment its supply chain network.

This is Shanghai-listed China Pacific Insurance's second attempt to list in Hong Kong after its plans to reportedly raise more than $4bn last year was scuppered by weak markets.