Allianz Private Equity Partners GmbH, the fund of funds business of Allianz SE, has merged with Allianz Capital Partners GmbH. It will no longer exist as a legal entity. (Global)

China Investment Corporation has agreed to invest HK$409 million (US$52.4 million) in Poly (Hong Kong) Investments Ltd., a Hong Kong-listed real estate development and investment company The commitment represents approximately 2.3% of the target company's enlarged share capital. (People's Republic of China)

China Ping An Trust & Investment Co., Ltd., ('Ping An Trust') has agreed to invest approximately Rmb15 billion (US$2.2 billion) in Greentown Real Estate Group Co., Ltd. to develop real estate projects in China. In August, Ping An Trust also entered into a similar agreement with another Chinese property developer, Gemdale Holdings Co., Ltd. (People's Republic of China)

H&Q Asia Pacific has launched a US$40 million fund that will invest in those Taiwanese companies that are seeking listings back home. The fund will also target those Japan-based technology companies that are seeking to move their operations overseas. The fund has received commitments from Taiwan's Executive Yuan, Fubon Life Insurance Co., Ltd. and Jochu Technology Co Ltd. (Taiwan)

Daiwa Securities SMBC Principal Investments Co. Ltd. has launched Hubei Gaohe Venture Investment Fund which has a target size of Rmb400 million (US$58.6 million). It is a joint venture with a number of domestic investors, including Hubei Hi-tech Industrial Investment Co., Ltd. and Wuhan East Lake High-Tech Development Zone.The new fund will seek investment opportunities in high-growth companies located in the province. (People's Republic of China)

Shenzhen GTJA Investment Group Co., Ltd. has closed its second fund, reportedly having secured Rmb124 million (US$18.2 million) in commitments. Similar to its predecessor fund, the newly-established fund will focus on pre-IPO stage of investments. (People's Republic of China)

The Hong Kong-based First Eastern Financial Investment Group ('First Eastern') has recently disclosed the mandates for its first three renminbi funds. One will have an environmental theme, with the remaining two seeking opportunities either in small and medium enterprises located in the North-eastern part of China or those companies engaged in equipment manufacturing.
      First Eastern received the renminbi fund management mandate in August this year. (Hong Kong)

Green Infra Limited, a joint venture between IDFC Private Equity and Emergent Ventures India, has acquired British Petroleum's subsidiary, BP Energy India Private Limited. The target assets have an enterprise value of around 4.6 billion rupees (US$95 million). (India)

Lok Capital LLC has acquired a 24% stake in Asirvad Microfinance Private Ltd. for US$1.5 million. The lender is based in Chennai, and focuses on providing financial services to underprivileged women in Tamil Nadu. (India)

The Sydney-based Anchorage Capital Partners has recently completed the acquisition of the New Zealand arm of Burger King, a fast food chain. No transaction detail was revealed. (New Zealand)

Baring Private Equity Asia has recently committed US$42 million to PERA Global Holdings Inc. ('PERA'), a provider of computer-aided solutions for research and development in the areas of collaborative simulation, technological innovation and quality management. Earlier, PERA had raised funds from AIG Global Investment Corporation (Asia). (People's Republic of China)

The Carlyle Group ('Carlyle') has taken a 17.3% stake in Guangdong Yashili Group Co., Ltd. ('Yashili') which is a leading infant formula milk powder manufacturer that was established back in 1983. No transaction sum was disclosed. The funds will help Yashili to modernise its operations. Yashili's product lines include bean milk, oat meal and rice flour. (People's Republic of China)

SB China Venture Capital has earmarked Rmb330 million (US$48.5 million) for Sichuan Dakete Chemical Technology Co. Ltd. which specialises in gaseous separation and purification, research and development of new chemicals and their applications. (People's Republic of China)

First Reserve Corporation has committed up to US$500 million in equity financing for KrisEnergy Holdings Ltd ('KrisEnergy'), which is based in Singapore. KrisEnergy focuses on oil and gas exploration, development and production in the Southeast Asia region. (Singapore)

PharmAbcine has received US$6 million from OrbiMed Advisors and Global Novartis Venture Fund. They are joined by Tong Yang Venture Capital and Saehan Venture Fund.
      PharmAbcine is a biotech company that develops fully human therapeutic antibodies for the treatment of cancer and inflammatory diseases. (South Korea)

Irish telecommunications company, eircom Group Limited, could be sold to STT Communications Ltd., a Singapore state-owned entity. The buying party proposed a A$224.1 million (US$194.9 million) transaction that includes a A$157 million cash distribution as part of the sale conditions.
      In 2006, eircom Group came under the control of Australia's Babcock & Brown Capital Limited which is now known as eircom Holdings Limited. (Australia)

Unison Capital Inc. could exit from Cosmos Life Co. ('Life') as part of the rehabilitation plan of Cosmos Initia Co., Ltd. ('Initia'). Life was previously a wholly-owned subsidiary of Initia.
      In 2005, Unison took a 61.7% stake in Initia and in early 2009, the private equity firm assumed full control of Life with a ¥10 billion commitment. (Japan)

China All Access (Holdings) Ltd., an information communication application solution and service provider based in China, was listed on the Stock Exchange of Hong Kong on 16th September. It is backed by Chengwei Ventures and Atlantis Investment Management. (People's Republic of China)

The Carlyle Group ('Carlyle') has agreed to sell its holdings in kbro Co., Ltd., formerly known as Eastern Multimedia Co., to Taiwan Mobile Co. Ltd. ('Taiwan Mobile'), in a transaction that amounts to NT$32.8 billion (US$1.01 billion), inclusive of cash and treasury shares from Taiwan Mobile. In 2006, Carlyle committed US$1.5 billion to kbro Co. Ltd. as well as Eastern Broadcasting Co. (Taiwan)