Yvette Choo

Chen Fan has left the bank's private equity arm to ‘pursue his own interests’.

While the firm is focused on the Middle East and North Africa, ‘this is a fantastic time for global real estate’, said ADIC’s head of private equity, citing declining valuations, which ‘would continue for some time’.

SBCVC III’s investors include Starling, Montagu Newhall, Princess and CalPERS.

John Il Kwun has left the global private equity firm reportedly to set up his own fund targeting $1bn.

The Sydney-based firm has acquired a 49.9% stake in Summerset. The company, owned by AMP Capital Investors, had ‘purposefully withdrawn’ an IPO bid in 2007 due to weak market conditions.

The Asia-focused firm’s first education investment will be used to increase Edutech’s number of campuses and types of curriculum.

The investment advisory wing of Japan’s Tokio Marine & Nichido Fire Insurance cites declining opportunities in the asset class as the main reason for reducing its allocation.

In addition to his current role at the global private equity firm, Ming Lu will stand for election at the global real estate firm’s annual meeting of shareholders next month.

Lian Xiaolu has joined the Asian firm's Shanghai team to bolster deal sourcing capabilities in China.

Sabarmati Gas is reportedly selling a 50 percent stake to a consortium of investors including the New Delhi-based financial consultancy, UTI India Infrastructure Development Seed Asset and IDFC Project Equity.