TIANJIN, China (Reuters) - Abu Dhabi Investment House, a Gulf Arab bank, is planning a $1.5 billion (824 million pounds) private equity fund to invest in real estate and manufacturing in China with a local partner, a senior executive said on Sunday.
An agreement to launch the fund will be signed within two months, said Rashad […]

West Palm Beach (HedgeCo.net) - Argo Group, an emerging markets investment manager, announced the launch of The Era Shopping Park Iasi. Projected to generate EUR 18 million ($25.7 million) in annual rental income the launch is funded by Argo’s private equity fund, the Argo Capital Partners Fund 1, together with a local joint venture partner, […]

Reuters Tokyo - Global buyout firm Advent International said it has raised 60 billion yen (317 million pounds) for its first private equity fund in Japan.
The fund, which opened its office in Tokyo in 2001, will target companies with enterprise values from 5 to 50 billion yen, but could be involved in larger deals through […]

New York (HedgeCo.Net) - Baer Capital has announced the launch of their new fund that invests in Indian equities, distressed debt and derivatives, further propelling Dubai’s prominence in the hedge fund industry.  The Beacon India Alpha Equity Fund is the latest fund aimed at capitalizing on India’s emerging markets.
‘We are extremely excited about the launch […]

Bloomberg - Leopard Capital, which is setting up a $100 million private-equity fund to invest in Cambodia, said it’s competing to buy a stake in Acleda Bank Plc, the largest Cambodian bank.
“It’s the best-run bank, it’s clean and it has very good margins,” Thomas Hugger, executive director at Leopard Capital, said in an interview in […]

New York (HedgeCo.Net) - Jacksonville, Florida-based Advantage Capital Equity Solutions is set to unveil its new asset based lending hedge fund at the end of this month according to an article published in FINalternatives.
The Advantage Capital Equity Fund II will locate nonperforming assets and purchase them at a discounted rate such as real estate taken […]

MSN India- ICICI Venture Fund Management is planning to list its $1.5 billion real estate fund on the London Stock Exchange (LSE). 
According to sources, the fund house will be providing the flexibility in the document to list the realty fund anytime during its life span.
ICICI Venture, the largest PE fund in India, currently manages about […]

New York Sun- A majority of the City Council is backing a tax-the-rich plan that would require hedge fund and private equity fund partners to pay a city tax on income generated by investments, making it more likely to gain traction in Albany.
Assemblyman Micah Kellner, who represents the Upper East Side, recently introduced a bill […]

West Palm Beach (Hedge Co.Net)- The Blackstone Group announced that Aaron Nieman will be launching Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia Pacific region. A global, highly experienced investment team will be headquartered in Hong Kong, with additional professionals based in Tokyo, Mumbai, and New York.
Nieman joined Blackstone from […]