Daiwa Securities Group Inc. and Sumitomo Mitsui Financial Group, Inc. have decided to terminate their private equity joint venture, Daiwa SMBC Capital Co., Ltd., concluding a five-year partnership that began in late 2005. (Japan)

International Finance Corporation is planning to invest in Craftsman Automation Pvt. Ltd. ('Craftsman'), an India-based engineering company. Craftsman is raising US$37 million to expand its existing facilities in India. (India)

International Finance Corporation is planning to invest US$25 million in the expansion of Max Healthcare Institute Ltd., which currently operates six hospitals and two medical centres primarily in the North Capital Region in India. (India)

China Investment Corporation and Korea Investment Corporation are reportedly in talks to purchase preferred shares in Chesapeake Energy Corporation, according to the Financial Times. Each of the two Asian institutional investors could be deploying US$300 million. (Offshore)

Morgan Stanley Alternative Investment Partners announced the final closing of its Morgan Stanley Global Secondary Opportunities Fund LP at US$585 million. (Global)

The Indian government is going to set up a US$11 billion infrastructure fund to meet demands for power, port facilities and transport networks, according to various news reports. By far, this is the most ambitious fund undertaken by New Delhi. (India)

CX Partners is known to have completed the fund raising exercise for its maiden fund which is believed to have garnered US$515 million commitments from investors, according to sources associated to the fund. (India)

BOC International Holdings Ltd. has received approval from the National Development Reform Commission to launch a fund that focuses on China's cultural sector. The fund has a target size of Rmb20 billion (US$2.93 billion). (People's Republic of China)

Datang Telecom Technology & Industry Holdings Co., Ltd. is to launch a Rmb5 billion (US$732 million) hi-tech fund that focuses on internet of things. Its investors include Wuxi New Area Innovative Venture Capital Group Co., Ltd. and Jiangsu Internet of Things Research Centre. (People's Republic of China)

Standard Chartered Private Equity is reportedly in talks to invest up to 1.5 billion rupees (US$32.5 million) in CK Jaipuria Group for a 15% stake, according to The Economic Times. CK Jaipuria Group is a bottler for PepsiCo, Inc. (India)

US-based Foundation Capital has recently teamed up with Matrix Partners India in providing 400 million rupees (US$8.9 million) to Tree House Education and Accessories Pvt. Ltd., a Mumbai-based education institute that focuses on pre-school to K-12 education.
       Separately, Foundation Capital also participated in the US$4.5 million fund raising exercise by Aspire Human Capital Management Pvt. Ltd., an education services firm. (India)

Kohlberg Kravis Roberts & Co. is reportedly close to investing around 2.25 billion rupees (US$50 million) in Emcure Pharmaceuticals Ltd., a pharmaceutical company that develops and produces branded formulations and biotech products. (India)

CITIC Capital Holdings Ltd. is to acquire a majority stake in Higashiyama Film Co., Ltd., ('Higashiyama') a maker of coating films. The tender offer price is ¥650 (US$7.1) each, representing an 18.8% discount to Higashiyama's share price the day prior to the announcement. (Japan)

Tiantu Capital has invested Rmb30 million (US$4.4 million) in the first round of financing of Beijing Bai Nian Li Yuan Agricultural Co., Ltd., which engages in the sales and production of organic food in China. (People's Republic of China)

Qiming Venture Partners announced its investment of approximately Rmb100 million (US$14.7 million) in Gan & Lee Pharmaceutical Co., Ltd. which makes and sells biosynthetic human insulin and analogs. (People's Republic of China)

Sequoia Capital China has invested US$22 million in Tianyi Fruit Holdings Ltd. which is engaged principally in the sale of frozen concentrated fruit juices in China. (People's Republic of China)

Infinity Group has invested an undisclosed amount in Shanghai United Water Corporation's ('United Water') second round of financing. Existing investor Blue Ridge China Partners LP also participated in this fund raising. United Water owns and operates water treatment facilities. (People's Republic of China)

Masterskill Education Group Berhad ('Masterskill'), backed by Singapore-based Crescent Point Group, was listed on Bursa Malaysia. On its first day of trading, Masterskill's share price rose by 4.2%. It is the largest non-government operator of nursing colleges in Malaysia. (Malaysia)

NVC Lighting Holding Ltd. ('NVC'), backed by private equity investors including SAIF Partners, Goldman Sachs and Shenzhen Capital Group Co., Ltd., was listed on The Stock Exchange of Hong Kong. NVC is a professional lighting company handling manufacturing and sales of lighting products. (People's Republic of China)

JinKoSolar Holding Co., Ltd., a provider of crystalline silicon ingots and wafers in China, was listed on the New York Stock Exchange. Existing investors include Hupomone Capital Partners, China Israel Value Capital and Shenzhen Capital Group Co., Ltd. (People's Republic of China)

Mr Fan Yifei has resigned from China Construction Bank Corporation as Executive Vice President, and is believed to have joined China Investment Corporation as Deputy General Manager. (People's Republic of China)