Secured Capital Japan Co., Ltd. a limited partner in Japan-based management buyout investment company J-STAR Co., Ltd. has sold its 40% stake to the fund management firm. It also withdrew its commitment in J-STAR Number One Investment Limited Partnership. (Japan)

China Investment Corporation ('CIC') has agreed to deploy C$1.74 billion (US$ 1.5 billion) for 101.3 million Class B subordinate voting shares of Teck Resources Limited, which is based in Vancouver and is a mining company. (Offshore)

The Malaysia Government has announced its plan to set up a 10 billion ringgit (US$2.8 billion) private equity fund, Ekuiti Nasional Berhad, for the country. The government will seed the fund with an initial 500 million ringgit and will also sponsor the launch of the fund management firm. (Malaysia)

CIMB Standard Strategic Asset Advisors Pte, Ltd., announced the establishment of the US$500 million pan-Asia Islamic Infrastructure Fund. The new fund is jointly sponsored by Asian Development Bank and Islamic Development Bank. (Pan-Asia)

The People's Government of Jiangsu Province has announced its blueprint to launch an Rmb2 billion (US$292. 6 million) Cultural Industry Development Fund. The proposed fund will invest in media-related enterprises within the province. (People’s Republic of China)

BOC International Holdings Ltd ('BOCI') plans to launch an infrastructure fund wIth Temasek Holdings that will have a target fund size of between US$1 billion and US$2 billion. Separately, it is reportedly drawing up the framework for a media fund. (People’s Republic of China)

A host of investors, including Terra Firma Capital Partners, HgCapital, CVC Capital Partners, The Carlyle Group and Star Capital Partners are bidding for PD Ports, a unit of Babcock & Brown Infrastructure Group, according to a local news report. (People's Republic of China)

MG Capital Plc has invested about US$12 million in a free-range goat operation in Australia's outback, the firm announced at the World Agri Invest Congress in London, according to Bloomberg. MG Capital is a UK-based direct investment firm that was previously listed on the Alternative Investment Market of the London Stock Exchange. (Australia)

Siemens Venture Capital has acquired a minority stake in Transparent Energy Systems, an India-based energy recycling company. The transaction value was not disclosed. (India)

Milestone Religare Investment Advisors Pvt. Ltd. is close to investing 350 million rupees (US$7.2 million) in the Institute of Management Studies ('IMS'), according to sources close to the situation. IMS provides professional education services. (India)

Inventus Capital Partners and Seedfund have jointly invested in Pilani Soft Labs Pvt Ltd. ('Pilani Soft Labs') for an undisclosed amount. It sells bus tickets through its online portal. (India)

Helix Investments has taken an equity stake in Mumbai-based LearningMate Solutions Pvt. Ltd. ('LearningMate') for an estimated US$10 million. LearningMate had earlier received investment from The Carlyle Group. (India)

Kohlberg Kravis Roberts & Co. has sold half of its stake in Oriental Brewery Co., Ltd. to Affinity Equity Partners, according to Financial Times. The transaction sum is believed to be US$400 million. (South Korea)

A consortium of investors, including CDH Investments, JAFCO Asia, and Qiming Venture Partners, has invested in eHi Car Rental Ltd. ('eHi') for US$20 million. Located in Shanghai, the car rental agency had earlier received capital from Qiming Venture Partners. (People's Republic of China)

HOPU Investment Management Co., Ltd. has joined COFCO (Hong Kong) Limited to deploy a total of HK$6.1 billion (US$787 million) to take a 20.03% stake in China Mengniu Dairy Company Ltd.. (People’s Republic of China)

Taiwan Liposome Company ('Liposome') has completed its Series A financing round led by US-based Burrill & Company and other domestic investors. Founded in 1997, Liposome is a biopharmaceutical company.(Taiwan)

A number of private equity firms have submitted bids for Nan Shan Life Insurance Co., Ltd., including Affinity Equity Partners, The Carlyle Group, MBK Partners, Kohlberg Kravis Roberts & Co. and Primus Pacific Partners, according to Taiwan press accounts. (Taiwan)

Crescent Capital Partners is reportedly close to disposing of its holding in Simply Squeezed Limited to Frucor, a wholly owned subsidiary of Japanese beverage company Suntory Holdings Ltd (Australia & New Zealand)

Japan Asia Investment Co., Ltd., Mizuho Capital and Mitsubishi Corporation could dispose of their holdings in Roadway Direct Marketing Services Co., Ltd.. Dun & Bradstreet, Inc. announced that it will be acquiring a controlling stake in the Shanghai-based direct marketing services provider. (People’s Republic of China)

Warburg Pincus LLC could be exiting from Chunghwa Picture Tubes Ltd. ('Chunghwa'). Earlier, Chunghwa’s chairman commented that the company could be instituting a new strategic investor to replace the private equity firm. (Taiwan)

Mr Ashok Aram has joined Abraaj Capital as Managing Director. He was previously with Deutsche Bank. (Dubai)

Mr Shailendra Bhandari, the head of Private Equity at Tata Capital, will leave the firm by the end of this month. (India)

Mr Martin Liew has recently joined CDC Group plc. He was previously with MetLife Investments. (United Kingdom)