Yvette Choo
The Dubai-based alternative asset management firm will launch a $500m private equity fund in April 2010 focused on social infrastructure.
The eight projects span the toll road, sea transportation, railway, water, electricity and power sectors.
The Kuwaiti investment firm’s first office in Asia aims to establish private equity vehicles and build closer ties with the Chinese government.
China Forestry, in which Carlyle has a 16.5% stake and Partners Group a 7% stake, will next month list on the Hong Kong Stock Exchange.
The CPG Tianjin Infrastructure Fund will invest in toll roads in Tianjin and Tangshan.
The Yiyun Clean Technology Fund aims to raise up to RMB500m to invest in China’s clean technology sectors.
The US private equity firm reportedly beat out competing bids from Permira and a CVC Asia Pacific-Blackstone Group partnership.
The two government-backed companies are the major investors in the fund, which will primarily target Wuxi-based companies looking to list on China’s SME and GEM Boards.
The Sydney-based firm has allegedly breached a settlement pertaining to undisclosed payments it made to two ex-executives of former portfolio company The Communications Group.
The investment in PI Industries will be used to scale up the company’s current facilities and build a new manufacturing plant in Gujarat.