South Korea’s Regulatory Financial Services revealed that the country’s financial firms can become limited partners in private equity funds without prior regulatory approval, but approval is still needed if the financial firm is acting as a general partner in a fund. (South Korea)

Private equity investors including The Blackstone Group and The Carlyle Group reportedly may be interested in the US$2.15 billion acquisition of Nan Shan Life Insurance following Taiwan’s regulators rejecting the bid by Hong Kong-listed China Strategic Holdings and Primus Financial Holdings. (Taiwan)

Canada Pension Plan Investment Board has increased its offer price by 2.5% for Intoll Group that places the toll road operator at approximately A$3.4 billion (US$3.1 billion). The target company’s board has recommended shareholders to accept the Canadian investor's offer. (Australia)

Mr PR Srinivasan, former managing director and head of Citigroup Venture Capital International's Indian private equity arm, is to set up his own private equity firm, Exponentia Capital. The firm plans to raise a fund that has a target size of US$400 million. (India)

East Gate Partners, LLC has announced the initial closing of its East Gate Media Content & Technology Fund at 35 billion won (US$29.4 million). The new fund aims to raise an additional 15 billion to 20 billion won for its second closing. (South Korea)

Spring Capital Asia, Ltd. has announced the final close of Spring Capital Asia Fund LP at US$250 million, which targets early growth China-based companies in healthcare, pharmaceutical and clean technology sectors. (Hong Kong)

The Anhui government is to set up an industrial fund that focuses on logistics development in the province. The fund has garnered capital commitment from Chery Automobile Co., Ltd., which is backed by CDH Investments and Bohai Industrial Investment Fund Management Company. (People's Republic of China)

Jinqiao Venture Capital Fund is to launch Inner Mongolia's first private equity fund with a target size of Rmb60 million (US$8.8 million). The fund will focus on educational institutions and hi-technology companies in the region. (People's Republic of China)

Lighthouse Funds LLC has picked up a minority stake in iDiscoveri Education Pvt. Ltd. The transaction sum was not disclosed, but is estimated at around US$10 million. (India)

Lok Capital LLC and Aavishkaar Goodwell India Microfinance Development Co., Ltd. have participated in the Series B financing of Suryoday Micro Finance Pvt. Ltd. for an aggregate 175 million rupees (US$3.7 million). Suryoday provides loans to economically disadvantaged women. (India)

Navis Capital Partners is reportedly bidding for French retailer Carrefour Group's assets in Southeast Asia. The retailer seeks around US$800 million to US$1 billion. (Southeast Asia)

Standard Chartered Private Equity has committed 27 billion won (US$22.6 million) to Dasan Networks Inc. through acquisitions of exchange bonds and convertible bonds. (South Korea)

Goldman Sachs Group, Inc. has led a consortium and invested a combined US$70 million into eHi Car Service Co., Ltd., which provides car rental services in China. (People's Republic of China)

Origo Partners Plc, along with other investors, have invested an aggregate US$6 million in Unipower Battery Ltd., which manufactures electric vehicle batteries in China. (People's Republic of China)

A consortium of investors, including The Cathay Capital Group and Hong Kong-listed Vinda International Holdings Ltd., is to commit HK$140 million (US$18 million) to a company that produces and distributes disposable diapers in China. (People's Republic of China)

IDG Capital Partners could participate in the Rmb150 million (US$22 million) fund raising exercise currently undertaken by ActBlue Co., Ltd., ('ActBlue'), according to sources. ActBlue provides energy-saving technologies and products for automobiles. (People's Republic of China)

Hony Capital has pledged an initial HK$887 million (US$112 million) to Hong Kong-listed China Golden Development Holdings Ltd., which operates department stores in China. (People's Republic of China)

LCW Private Equity has announced its exit from Dun & Bradstreet Australia Holdings Ltd., a credit monitoring business, and returned A$233 million (US$212 million) to its coffers. (Australia)

Daiwa Corporate Investment, Polaris Capital Group and Japan Industrial Partners, Inc. have agreed to sell Q'Sai Co., Ltd. to Coca-Cola West Co., Ltd., a bottling company of Japan's Coca-Cola System. The buyer has placed the health juice maker's value at around ¥63.5 billion (US$748 million). (Japan)

Lombard Investments, Inc. has sold a major portion of its stake in Somboon Advance Technology Plc., and clocked a three-fold return for this investment. (Thailand)

TPG has sold its remaining shares in Ping An Insurance (Group) Co. of China, Ltd. and is estimated to have returned around US$1.17 billion to its coffers. This followed an earlier sale in May. (People's Republic of China)

Three Chinese companies backed by private equity investors were listed on ChiNext.

• Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd., which had earlier raised capital from CCB International Asset Management Ltd.
• Risen Energy Co., Ltd., backed by Shenzhen Capital Group Co., Ltd.
• Shenzhen Everwin Precision Technology Co., Ltd., which counts Guosen Hongcheng Investment Co. as its investor (People's Republic of China)
  

KKR India Advisors Pvt. Ltd. has named Mr Heramb Hajarnavis as a director. (India)