Yvette Choo

The sale comes as the UK-listed private equity firm, which is trying to deleverage its balance sheet, aims to fully realise ‘its venture capital and small minority investment portfolios in the next 12 months’.

The private equity arm of the National Bank of Dubai will reportedly fund distressed projects mainly in the country’s textile agricultural and diary farming sectors.

The investment will be used to fund BNK eSolutions’ overseas expansion plans.

The Banyan Tree-Philippines Hospitality Fund will cover the development costs of two integrated island resorts in the country, one of which will cost more than $200m. The vehicle will allow the firm to get a 'foothold' in the country's growing tourism industry.

The Australian Stock Exchange-listed infrastructure fund said that the Dalrymple Bay Coal Terminal in Queensland has attracted interest ‘at both the minority and 100 percent level’.

The private equity firm will sell off one of the Australian company's subsidiaries, reported to be its oncology and cardiology diagnostics business, which could fetch up to A$210m. CVC Asia Pacific bought I-Med's parent in an A$2.7bn deal in 2006.

The investment will be used to drive Ellassay’s growth in China and to ‘gain recognition in international markets’.

The global private equity firm has has also promoted 24 employees, the most senior of which are Asian private equity and real estate exeuctives. The promotions follow significant job cuts and office closures the firm announced in December.

The two firms in 2006 innvested $25m in the Inner Mongolian hot pot restaurant chain, which was listed on the Hong Kong stock exchange in June 2008. US restaurant company Yum! brands, which owns chains including Taco Bell and KFC, has paid $63m for a 20% stake in Little Sheep.

The Standard Chartered IL&FS Asia Infrastructure Growth Fund has deployed $200m since its first close on $568m last September.