Hsiang-Ching Tseng

In addition to hiring Rennyson Merritt as a partner in Boston, the Merrill Lynch private placement spinout has added six other professionals to its team recently.

Ved Prakash Arya leaves behind a wife and two children. Peers are already paying tribute, one contemporary describing him as "a pioneer" and "an inspiration".

Li Keping will replace Gao Xiqing as chief investment officer at CIC. Gao will reportedly continue his roles as vice chairman and president.

Following the investment in Apax Partners in 2009, the Singaporean sovereign wealth fund has reportedly teamed up with Kuwait Investment Authority to buy a 4.5% stake in TPG Capital.

Dallas-based Lone Star is reportedly among a group of lenders which are seeking to take over Tokyo Star, the Tokyo-based bank currently owned by private equity firm Advantage Partners.

The Pilot Measures leave many of the questions around foreign LP investment into RMB funds unanswered, but they contain good news for foreign GPs managing RMB funds

The Tokyo-based private equity firm has sold the seafood restaurant chain for an undisclosed amount.

The Chinese capital has reportedly joined Shanghai in securing the necessary backing from China’s central government to launch a currency conversion programme for offshore LPs. Further detail on Shanghai’s QFLP scheme has also emerged.

Thomas Chan-Soo Kang has joined the firm. He will be based in Singapore, the site chosen for the New York-headquartered alternative investment firm’s third Asian office.

Private equity firms Bain Capital and CVC Capital Partners are reportedly among the short-listed bidders.