Lone Star Funds has appointed Credit Suisse to conduct the sale process of Korea Exchange Bank. The sale, when materialised, will conclude one of the most contentious investments by foreign private equity firms in South Korea. (South Korea)

International Finance Corporation is planning to invest up to US$1.5 million in Beichuan Fumin Village and Township Bank, a microfinance bank that is based in Sichuan. (People's Republic of China)

Aavishkaar Goodwell India Microfinance Development Company Ltd. reportedly plans to set up its second microfinance fund in India with a target size of US$100 million. Its first fund was raised in 2008. (India)

Hua Au Capital is reportedly in the process of setting up a low carbon fund with a target fund size of up to Rmb1 billion (US$146.3 million). The fund has enlisted China Venture Capital Co., Ltd. as one of its investors. (People's Republic of China)

Infinity I-China announces its ten-year plan to launch six new joint venture private equity funds in collaboration with a host of major cities in China, including Beijing, Suzhou and Tianjin. Each fund has a target fund size of up to Rmb500 million (US$73.3 million). (People's Republic of China)

Shenzhen Changyuan Yingjia Investment Co., Ltd. and other local investors have set up a private equity fund that has a target fund size of Rmb200 million (US$29.3 million). The fund focuses on investments in the power sector in China. (People's Republic of China)

Rho Ventures has committed US$4.0 million to Effective Measure, an online tool used to measure traffic at web publisher sites. The funds will be used to expand Effective Measure's product capabilities and its presence in emerging markets. (Australia)

KDB-TStone Private Equity Fund has launched a tender offer to acquire a minority stake in Swedish company Anoto Group AB ('Anoto') for SEK138.9 million (US$19.6 million). Anoto engages in the development of digital pen and paper technology. (Offshore)

Mayfield Fund and SIDBI Venture Capital Ltd. have invested an aggregate 500 million rupees (US$11 million) in Fourcee Infrastructure Equipment Pvt. Ltd. The latter focuses on providing end-to-end logistics solutions for liquid cargo transport. (India)

Bellwether Microfinance Fund has participated in the US$10 million fund raising achieved by Janalakshmi Financial Services Pvt. Ltd. which had earlier raised capital from Lok Capital and the Michael and Susan Dell Foundation. (India)

WI Harper Group has invested an undisclosed amount in Testar Electronics Corporation, a specialist in testing and optimizing light emitting diode chips, according to local reports. (People's Republic of China)

Fidelity Asia Ventures has teamed up with Fidelity Biosciences to invest over US$10 million in Beijing TCT Medical Technology Co., Ltd., a Chinese diagnostic service provider for women, according to sources. (People's Republic of China)

Sequoia Capital China has invested Rmb30 million (US$4.4 million) in 91huayi.com, according to reports. 91huayi.com provides online medical education services in China. (People's Republic of China)

Mitsui Ventures, a venture investment arm of Mitsui & Co., Ltd., has participated in a Series B financing of Life Media Ltd. ('Life Media'), according to sources. Life Media is the operator of www.100du.com, a website that provides information on restaurants in China. (People's Republic of China)

Advanced Micro-Fabrication Equipment, Inc. has raised US$46 million from a consortium of investors including Shanghai Venture Capital Co. Ltd., Walden International, Lightspeed Venture Partners and Goldman Sachs. Since 2004, the semiconductor equipment company has raised an aggregate over US$150 million from financial investors. (People's Republic of China)

The Carlyle Group has sold its entire stake in Financial Software & Systems Pvt. Ltd. ('FSS') to Jacob Ballas Capital India Private Ltd. and New Enterprise Associates, according to local reports. FSS provides end-to-end transaction processing, payments and acquiring solutions. (India)

ChrysCapital has sold its entire stake in Zydus Wellness Ltd. and returned 177.3 million rupees (US$3.9 million) to its coffers. The sale concluded an investment held for less than a year. (India)

Man Infraconstruction Ltd. ('Man Infra'), backed by Sabre-Abraaj Capital and Standard Chartered Private Equity, was listed. Both investors didn’t dispose of their shares at Man Infra’s initial public offering. (India)

TPG has sold its 23.9% stake in Parkway Holdings Ltd., a Singapore-listed healthcare service provider, and returned US$685.3 million to its coffers. TPG is believed to have realised more than double of its invested capital in Parkway Holdings Ltd. (Singapore)

Kohlberg Kravis Roberts & Co. ('KKR') has appointed Mr Abhijit Sen as the Chief Financial Officer and Chief Administrative Officer at KKR India. (India)

Hong Kong-based Olympic Capital Holdings Asia is to promote Mr David Shen as head of the Asian business. Mr Shen is currently based in Japan and he will be relocated to Hong Kong in July. (People's Republic of China)