The management of Allco Equity Partners ('AEP') announced its intention to suspend all new investment activity until the next possible shareholder vote, while proposing to also return an approximate A$60 million (US$42.4 million) to shareholders. At the same time, AEP's directors are seeking shareholder approval to change its name to Oceania Capital Partners Ltd. (Australia)

MUL Principal Investment Co. is the latest to join Japan's direct investment industry. With an authorised capital of ¥10 million (US$0.1 million), the principal investment arm of Mitsubishi UFJ Lease & Finance Co. will seek opportunities at home and focus on companies that have stable cash flow, or are in the process of revitalization. (Japan)

The CPP Investment Board has made a formal offer to acquire 100% of Macquarie Communications Infrastructure Group ("MCG") and its manager for an aggregate A$2.03 billion (US$1.4 billion). MCG has major assets in both Australia and United Kingdom. (Australia)

The South Korean Ministry of Knowledge Economy is an anchor investor in STIC Investments Inc.'s STIC Asia Mid-market PE Fund II. The allocation is part of the South Korean government's “New Growth Momentum” that was formed earlier in the year. (South Korea)

The government of Zhangjiang announced the establishment of the province's first biomedical focused industrial fund, Zhangjiang Biomedical Industrial Fund. It has a fund size of 1 billion yuan (US$146.3 million). (People's Republic of China)

Shenzhen Fortune Venture Capital has teamed up with other investors to invest 50 million yuan (US$7.33 million) into TJ Innova Engineering & Technology Co., Ltd. ('TJ Innova')., an automotive design and service company. (People's Republic of China)

SoftBank China & India Holdings, joined by IDG Venture Vietnam, has pledged an undisclosed sum to Naiscorp Information Technology Service Joint-Stock Company, the developer of the Vietnamese search engine Socbay.com. (Vietnam)

3i Group plc is believed to have sold most of its holdings in Mundra Port and Special Economic Zone Ltd ('Mundra SEZ') and returned an estimated 1.7 billion rupees (US$31.9 million), according to domestic reports. The private equity firm was known to have first invested in Mundra SEZ back in 2006. (India)

Morgan Stanley Private Equity Asia ('MSPEA') has reportedly sold its remaining holdings in China Dongxiang Group ('Dongxiang'), a Beijing-based sportswear firm.
       In 2006, MSPEA invested US$38 million into Dongxiang and sold a portion of its holdings at Dongxiang's initial public offering in October 2007. (People's Republic of China)

Mr. Geoff Spender, Managing Partner of Hong Kong-based General Enterprise Management Services Limited ('GEMS'), announced that he will be relinquishing his day-to-day management role in he fund management firm. (Hong Kong)