State Development and Investment Corp. has raised Rmb650 million (US$95.1 million) for its first private equity fund that will be managed by SDIC Innovation (Beijing) Investment Fund Management Co., Ltd.. The fund will invest in high growth sectors such as new power and energy conservation. (People’s Republic of China)

Shenzhen CDF-Capital Company Limited has announced the launch of a domestic currency fund that has a target size of Rmb600 million (US$87.8 million). The fund will focus on investment opportunities in Wuhu, a city based in Anhui province. (People’s Republic of China)

IDG Capital Partners, plans to set up a yuan-denominated fund, confirmed Mr. Suyang Zhang, the firm’s partner. The firm has also made contact with the National Social Security Fund in connection with the launch of this fund. (People’s Republic of China)

J.C. Flowers & Co., ('JC Flowers') could be interested in Suncorp-Metway Ltd. ('Suncorp'), an Australian regional bank, according to domestic reports. JC Flowers was first known to have approached Suncorp back in 2006. Suncorp is Australia's fifth-largest bank and third-largest insurer. (Australia)

Multi Screen Media Pvt. Ltd. ('Multi Screen Media'), a broadcast network company, is reportedly being courted by investors including Bain Capital, Providence Equity Partners and The Carlyle Group, according to local reports. The deal could command US$250 million.
      Multi Screen Media was first known to be seeking for capital since July. (India)

Anchorage Capital Partners could purchase the Burger King's master franchise and 42 outlets in New Zealand, according to local reports. In December 2008, Tasman Pacific Foods made known of its intention to dispose of its Burger King New Zealand unit. (New Zealand)

AIF Capital has committed S$65 million (US$45.2 million) to Tat Hong Holdings Ltd. ('Tat Hong'). Established in the 1970s, Tat Hong is one of the largest crane companies in the world. (Singapore)

FountainVest Partners (Asia) Ltd. announced having subscribed to HK$765 million (US$98.07 million) worth of convertible bonds issued by Central China Real Estate Limited ('Central China'). The capital shall be used to acquire land banks. Central China is a property developer listed on Stock Exchange of Hong Kong. (People’s Republic of China)

Warburg Pincus could be selling its entire 50.12% stake in business process outsourcing company, WNS (Holdings) Limited. Bain Capital and The Blackstone Group were amongst several parties Warburg Pincus was reportedly in talks with. The transaction could amount to US$400 million. (India)

SEAVI Advent Corp. Ltd. ('SEAVI Advent') and Fortis Private Equity Asia ('Fortis') have sold their interest in Dynamic Colours Ltd. to Intraco Ltd which paid S$10 million(US$7 million) for owning the producer of industrial colour chemicals.
      SEAVI Advent and Fortis first invested in Dynamic Colours in 2004. (People's Republic of China)

NewMargin Ventures ('NewMargin') has sold a parcel of its holdings in Western Mining Co. ('Western Mining') and is estimated to have returned over Rmb200 million (US$29 million) to its coffers. NewMargin first invested in Western Mining in 2004. (People’s Republic of China)

Mr. Subbu Subramaniam, a founding partner of Baring Private Equity Partners (India) Ltd., has left the firm, according to The Economic Times as well as sources close to the situation. (India)

Affinity Equity Partners has recruited Mr Inghie Kwik to lead its investment in Indonesia, according to Jakarta Post. (Indonesia)

Mr Haruyasu Asakura, Managing Director of The Carlyle Group ('Carlyle') has resigned. He was in charge of the growth capital investment team of Carlyle's Japan operation. (Japan)