JPMorgan Chase & Co. will close its principal investment management group's hedge fund and private equity divisions. However, its fund of funds unit, which is under the asset management arm, is not affected. Its Asian private equity team will also continue its operations but will come under a different division, according to Bloomberg. (Global)

Unison Capital ('Unison') announced the termination of its tender offer bid for shares in Aderans Holdings Co., Ltd. ('Aderans'), to which the private equity firm is seeking to purchase a minimum of 35.2%. It would have represented a deal size of no less than ¥17.7 billion (US$178 million), if consummated. (Japan)

The International Finance Corp. ('IFC') is considering an investment of up to US$13 million to support the expansion of Makro-Habib Pakistan Limited ('MPHL'). MHPL is one of the first modern retail chains to operate in Pakistan. (Pakistan)

China Investment Corporation (‘CIC') has agreed to invest around US$1.2 billion in Morgan Stanley. CIC first invested in Morgan Stanley in October 2008 when it committed US$5.6 billion. (People's Republic of China)

Temasek Holdings has agreed to invest in Olam International Ltd. to become its second largest shareholder, Temasek will deploy S$437.5 million (US$302.9 million) for approximately 13.76%. Temasek first invested in Olam in 2003. (Singapore)

The People's Government of Fujian Province plans to establish a venture capital fund that will have a target size of 600 million yuan (US$87.5 million). It will be managed by Fujian Investment & Development Group Co., Ltd.. (People's Republic of China)

Huamulan (Beijing) Investment Fund Management Co., Ltd. has been set up by a group of women to seek investment opportunities in companies established by female entrepreneurs. Backed by the Beijing-based Hongsen Group, the management firm is raising to raise at least 500 million yuan (US$73.2 million). (People's Republic of China)

China Huarong Asset Management Corporation is to set up the country's first industrial fund to invest in the steel industry with Hunan Valin Steel Group Co., Ltd.. The fund has an initial target size of 1 billion yuan (US$146.3 million). (People's Republic of China)

The India-based Spice Finance has teamed up with the Singapore-based 3 Degrees Asset Management Pte Ltd. ('3 Degrees') to set up a private equity fund focused on special situations. The sponsors will commit US$21 million to the fund that invests in India and Southeast Asia. (South Asia)

Norwest Venture Partners has purchased a 2.11% equity stake in National Stock Exchange of India Limited ('NSE') for 2.5 billion rupees (US$53.0 million). The NSE had earlier raised funds from foreign financial investors, including Goldman Sachs, General Atlantic LLC, SAIF Partners and Actis. (India)

IL&FS Investment Managers has committed to invest 2 billion rupees (US$42.6 million) to Ramky Enviro Engineers Limited ('REEL'), a waste management company with projects across India, West Asia and Singapore. (India)

STIC Investments ('STIC') and MC Capital have joined hands and committed US$30 million to Yeong Guan Energy Technology Group ('Yeong Guan'), a wind power casting components supplier in Southern China. Yeong Guan is China's second largest casting components supplier to the wind power generator industry. It has factories in Taiwan and mainland China. (People's Republic of China)

Gobi Partners has provided another round of financing to DigiLinx, a leading mobile software solution provider. Gobi first invested in DigiLinx in 2008. (People's Republic of China)

Chery Automobile Co., Ltd. ('Chery') has secured 2.9 billion yuan (US$424 million) from a consortium of domestic investors, including Bohai Industrial Investment Fund Management Co. and CDH Investments. Chery is the fourth largest passenger vehicle manufacturer in China. (‪People's Republic of China)

Morningside Ventures and Ceyuan Ventures have teamed up with Alibaba Group and injected US$12 million in UCWEB Technology Ltd. (UCWEB), a mobile phone web browser services provider based in Guangzhou. (People's Republic of China)

Doosan Group ('Doosan') is planning to sell assets to a group of domestic private equity investors for 780 billion won (US$630 million), including Mirae Asset Venture Investment and IMM Private Equity, Inc.. Late last year, Doosan sold TechPack BG Inc. to MBK Partners. (South Korea)

SAIF Partners has sold a portion of its holdings in Perfect World Co. Ltd. and clocked a return of US$52.4 million to its coffers. This is the second time since October last year that SAIF Partners has successfully sold its holdings back to Perfect World. (People's Republic of China)

Goldman Sachs Group, Inc. has sold a portion of its holdings in the Industrial and Commercial Bank of China Ltd. ('ICBC') and made a return of HK$14.8 billion (US$1.9 billion). Goldman Sachs first purchased ICBC's shares in August 2006 for an estimated US$2.5 billion. (People's Republic of China)