The San Francisco City and County Employees' Retirement System Board will reportedly commit up to A$20 million (US$18.2 million) to the third fund raised by the Australia-based Champ Private Equity. Champ III has a target size of A$1.5 billion. (Australia)

SBI Holdings, Inc. of Japan and Ministry of Finance of Brunei Darussalam have agreed to jointly establish a fund management firm that will assist Brunei Darussalam’s economy in the oil and gas sector, as well as the financial services sector. (Brunei Darussalam)

Shanghai Yin Fu Venture Capital Co., Ltd. has raised Rmb100 million (US$14.6 million) from local investors, and government or stated-owned institutions including Innovation Fund for Technology Based Firms. The fund will seek investment opportunities in industries including information technology, pharmaceutical, and manufacturing. (People's Republic of China)

UBS is reportedly in talks with the Beijing government to form a renminbi-denominated private equity fund. According to Financial Times, when the fund materialises, it would be the first private equity fund that partners a global investment bank with a Chinese municipal body. (People's Republic of China)

Datang Telecom Technology & Industry Group has set up a venture capital fund that has an initial capital of Rmb100 million (US$14.6 million). The fund will invest in high growth companies in the telecommunications industry. (People's Republic of China)

Intel Capital plans to invest an aggregate US$23 million in three Indian technology companies. 

• July Systems is a mobile internet company, which had earlier raised funds from Sequoia Capital India. 
• KLG Systel is a listed company that provides energy management and efficiency solutions to power utilities and end-users. 
• MCX is a commodity futures electronic exchange in India, and previously raised funds from ICICI Venture Funds Management and Kotak Mahindra Capital. (India)
  

Reliance Venture Asset Management Ltd., Kleiner Perkins Caufield & Byers and Sherpalo Ventures, LLC have completed the first round of venture funding in Reverse Logistics Co. for an undisclosed amount. Reverse Logistics Co. is a reverse logistics solutions company. (India)

EQT Partners has acquired a stake in Japan Home Centre ('JHC'), a discount house-ware retail chain, for an undisclosed sum. JHC offers a range of household products including kitchen wares, housekeeping, and electronics. (Hong Kong)

Beijing-based Kunwu Jiuding Capital Co., Ltd. has invested Rmb80 million (US$11.8 million) in Limin Chemical Co., Ltd., a large-scale agrochemical manufacturer in China. (People's Republic of China)

A consortium of investors including Korea Investment Partners Co., Ltd. and Hyundai China-Solarcell Bond Trust has committed US$12 million to Shenglong PV-Tech Investment Co., Ltd., a manufacturer of crystalline silicon photovoltaic modules in China. (People's Republic of China)

Mekong Enterprise Fund II, Ltd., managed by Mekong Capital, has invested US$6 million in Vietnam Australia International School, which has a chain of 12 schools ranging from kindergartens to high schools located in Ho Chi Minh City. (Vietnam)

The Carlyle Group has sold a portion of its stake in Kito Corp. ('Kito') to Finnish engineering group Konecranes Plc and Kito for a total consideration of ¥4.5 billion (US$50.2 million). Kito is a Japanese hoist, crane and material handling equipment company. (Japan)

HMV Japan KK, which is backed by Daiwa Securities SMBC Principal Investments Co. Ltd., will be purchased in whole by Culture Convenience Club Co., Ltd. for an undisclosed amount. (Japan)

China Lodging Group, Ltd., a budget hotel chain operator in China, was listed on NASDAQ. On its first day of trading, its share price rose by 14% to the offer price. Its existing investors include Northern Light Venture Capital, CDH Investments, and IDG Capital Partners have sold a portion of their holdings. (People's Republic of China)

Two industrial manufacturing companies that had previously raised funds from private equity investors made their respective debuts on the Shenzhen Stock Exchange.

• Beijing Highlander Digital Technology Stock Co., Ltd., an electronic equipment onboard manufacturer, is backed by Shenzhen Leaguer Venture Capital.
• Jiangxi Sanchuan Water Meter Co., Ltd., a manufacturer of water meters, is backed by Guosen Hongcheng Investment Co.

All investors didn't sell their shares at their respective companies' initial public offerings. (People's Republic of China)

Huiyin Household Appliances (Holdings) Co., Ltd., backed by ARC Capital Partners, was listed on The Stock Exchange of Hong Kong. ARC Capital Partners did not dispose of its holdings in the Chinese retail chain operator and distributor of home appliances. (People's Republic of China)

Zhongsheng Group Holdings Ltd. ('Zhongsheng'), which General Atlantic LLC is its investor, was listed on The Stock Exchange of Hong Kong. Zhongsheng is an automobile dealer in China with a dealership right for Toyota. (People's Republic of China)

Hony Capital has sold a portion of its holdings in Digital China Holdings Ltd. ('Digital China') and booked realised proceeds that totaled HK$342.5 million (US$44 million). Earlier, Hony Capital joined a consortium of private equity investors to acquire a controlling stake in Digital China. (People's Republic of China)

Saigon Asset Management has appointed Mr Michael Kokalari as Deputy CEO and Chief Investment Officer. Mr Kokalari had previously worked as a senior advisor for Vietfund Management. (Vietnam)