IDFC Private Equity, its parent company IDFC and CDC Group are part of a consortium participating in a second round of funding for Moser Baer PhotoVoltaic.
SVG Asia’s first fund of funds has already made commitments to managers including CVC, Navis, Affinity and Actis. Its investment activities will be headed by former Hermes Private Equity executive Khim Tan.
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
The Australian development firm is raising its third institutional opportunity fund targeting the east coast of Australia. It is expected to close on A$200m towards the end of the year.
Former Sun Life Financial Canada president Robert Astley will succeed longtime director Gail Cook-Bennett as head of the C$128bn Canadian pension's in-house investment arm.
Interim president and chief executive of the Canadian pension manager, Richard Guay, will officially assume the positions he stepped into last May in addition to his responsibilities as chief investment officer.
The pre-emptive offer has been made following three previous attempts to initiate takeover negotiations of Teranet, a publicly listed e-service company with a monopoly on the Ontario Electronic Land Registration System.
Frank Khoo has joined French insurer Axa as the firm bids to become a major player in Asian real estate. Khoo, formerly with Pacific Star Fund Management, will be based in Axa's new Singaporean office.
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.
Robert Kelly is tasked with overseeing real estate investments for the private equity real estate firm’s Perseus Capital City Fund, as well as its latest $200m vehicle, Perseus Realty Partners II.