Oman Investment Fund has confirmed its 6.2 billion rupees (US$125 million) undertaking in Mohtisham Estates, according to The Economic Times of India, citing a spokesman from the sovereign wealth fund as the source.(India)

Legend Holdings has enlisted China Oceanwide Holdings Group ('China Oceanwide') as its first private sector investor. China Oceanwide is to take up a 29% stake in Legend Holdings which is the parent company of Lenovo Group Ltd. (People’s Republic of China)

Korea Venture Investment Corp. has joined hands with Cisco Systems, Inc to set up SkyLake Global Incuvest 4 that invests in information technology innovation in South Korea. It has a 100 billion won (US$80 million) fund pool. (South Korea)

China Galaxy Securities Company Limited ('Galaxy Securities') will set up a direct investment arm, Galaxy Venture New Capital Management Co., Ltd., that will have a capital pool of Rmb1 billion (US$146.4 million).
      China Merchants Securities also announced the establishment of its direct investment arm, China Merchants Capital Investment Co., Ltd. that will focus on pre-IPO situations as well as into the fund management area. (People's Republic of China)

The Guangdong Airport Management Corp. is teaming up with a host of domestic investors to form a Zhongke Baiyun Equity Investment Fund. The Rmb5 billion (US$732.3 million) fund will invest in major domestic companies that are preparing for public listings. (People’s Republic of China)

The Shandong government has established a Rmb100 million (US$14.6 million) guidance fund that will provide seed capital to local high-technology enterprises. Among the list of investors are Innovation Fund for Technology Based Firms, a government-backed fund of funds, and Shandong High-tech Investment Corporation. (People’s Republic of China)

Black Peony (Group) Co. Ltd., the Shanghai-listed denim manufacturer, has announced the formation of its direct investment arm Black Peony Jiannan Venture Investment Co., Ltd. which will seek investment opportunities in small and medium enterprises. (People's Republic of China)

Ironbridge Capital ('Ironbridge') has committed A$17.9 million (US$14.9 million) to Bravura Solutions Ltd. ('Bravura'), bringing its equity stake to 33%. This investment concluded a tumultuous period in Bravura during which its ownership came under a cloud when two of its executive directors pledged their holdings to another financial institution. (Australia)

The Taiyo Fund has become the second largest shareholder in ULVAC Inc., a vacuum equipment developer. Taiyo fund is a friendly shareholder activism fund that focuses on Japan. It is co-managed by Taiyo Pacific Partners LP and by WL Ross & Co. LLC. (Japan)

Tiger Global Management LLC has teamed up with KTB Ventures ('KTB') to invest an aggregate US$40 million in Xueersi Ltd., a Beijing-based educational training site focused on primary and middle school students. KTB had earlier invested in Xueersi in 2006. (People's Republic of China)

Capital International has sold its remaining holdings in MindTree Consulting Limited ('Mindtree'), an information technology services firm and is estimated to have returned 2.3 billion rupees (US$46.3 million) to its coffers. Capital International invested in Mindtree in 2001. (India)

VinaCapital Group ('VinaCapital') has sold all its holdings in the Hilton Hanoi Opera Hotel and clocked an internal rate of return of 23%. The firm did not disclose the transaction sum.
      VinaCapital first invested in Hilton Hanoi Opera Hotel in July 2006.
      Hilton Hanoi Opera Hotel is a landmark in the city of Hanoi. (Vietnam)

TPG and its affiliate as well as General Atlantic LLC ('the consortium') have reportedly sold a portion of their holdings in Lenovo Group ('Lenovo') for HK$1 billion (US$133.5 million). The consortium first invested in Lenovo in 2005 during which it committed US$350 million. (People's Republic of China)

Ms Shweta Jalan has joined Advent Internationals as Director of Advent India PE Advisors Private Limited. She was previously with ICICI Venture Funds Management Company Limited. (India)