A group of Asian institutional investors, including Development Bank of Japan and Japan Bank for International Cooperation, will invest in DB Masdar Clean Tech Fund, which is jointly managed by Masdar Venture Capital and DB Climate Change Advisors. (Middle East)

International Finance Corporation is considering an investment in Fujian Yongchun Hongtai Industrial Co., Ltd., which plans to build a greenfield packaging facility in Fujian province. The investment will amount to Rmb170 million (US$25 million). (People's Republic of China)

Temasek Holdings ('Temasek') is reportedly in discussions to enter India's power sector by acquiring shares in GMR Energy Ltd. ('GMR Energy'). Temasek is said to deploy US$150 million to GMR Energy at the latter's private placement. (Singapore)

Korea Development Bank will join other bidders for a stake in Thailand's seventh largest bank, Siam City Bank ('SCB'), according to various reports. Currently, the Thai government is holding a 47.6% stake in SCB which is estimated to worth around US$900 million. (South Korea)

Everstone Capital is raising its first fund since it spun out from Future Capital Holdings. The new fund will have a target size of US$550 million, according to reports. (India)

Bank of China Group Investment Ltd. has joined hands with Zhejiang Provincial Railway Investment Group Co., Ltd. to launch the Rmb5 billion (US$732.3 million) Zheshang Industrial Investment Fund. The fund will focus on high growth enterprises and railway projects. (People's Republic of China)

The China-Aerospace Industrial Fund, backed by China Aerospace Science and Technology Corporation and CITIC Group, has been launched. The fund will be managed by Beijing Aerospace Industrial Fund Management Co., Ltd. with a target size of Rmb20 billion (US$2.9 billion). (People's Republic of China)

Pacific Equity Partners is expected to hold a 62% interest in Energy Developments Ltd., concluding one of the most contentious buyouts in Australia. This would represent a deployment of around A$267 million (US$242 million). (Australia)

Globespan Capital Partners has led the latest round of financing by deploying 550.2 million rupees (US$12 million) to SMS GupShup, the world's largest social SMS service. Charles River Ventures and Helion Venture Partners have also participated in this investment round. (India)

Shenzhen Fortune Venture Capital Co., Ltd., along with a party of investors, is believed to have committed US$20 million to Shanghai Storm Information Technology Co., Ltd., an online game developer in China. (People's Republic of China)

Darby Overseas Investments, Ltd. has provided a US$33.5 million convertible loan to the holding company of Prestolite Electric (Beijing) Ltd., a manufacturer of electrical alternators and starter motors in China. The latter is a subsidiary of the US-based Prestolite Electric Inc. (People's Republic of China)

Frontline Strategy LLP has exited from Shilpa Medicare Ltd. ('Shilpa Medicare') and clocked a return of 261 million rupees (US$7.4 million) for this final round of divestiture. Shilpa Medicare is a product development pharmaceutical company. (India)

Primus Pacific Partners could dispose of its interest in EON Capital Berhad ('EON Capital') following Hong Leong Bank Berhad’s offer to acquire EON Capital for an aggregate 4.9 billion ringgit (US$1.5 billion). Primus Pacific Partners invested in EON Capital in 2008. (Malaysia)

Two companies backed by private equity investors were listed on the Shenzhen Stock Exchange.

• Hiconics Drive Technology Co., Ltd., a high voltage frequency converter maker, which is backed by Legend Capital and Legend Holdings    
• Shenzhen Sunwin Intelligent Co., Ltd., a network management solution and service provider in Shenzhen, which is backed by China Science & Merchants Investment (Fund) Management Co., Ltd. (People's Republic of China)

Shenzhen Green Eco-Manufacture Hi-tech Co., Ltd., backed by Guangdong Technology Venture Capital Co., Ltd., and Infotech Pacific Ventures, made its debut on the Shenzhen Stock Exchange. (People's Republic of China)