Country Garden Leads Mingtiandi’s headline roundup today, with a Reuters report indicating that China’s central government is arranging a sale of the company to Ping An Insurance. Also in the news, Korea’s National Pension Service invests in a US fund… Read More>>
TPG Upgrades Asia Managing Partner Sarvananthan to Lead Middle East Expansion
US private equity giant TPG announced this week that it has appointed Ganen Sarvananthan, one of the managing partners for its Asia business, to lead its expansion in the Middle East.
The company said the appointment comes after significant growth… Read More>>
GIC, TPG Invest $72M in Indian Hospital Chain and More Asia Real Estate Headlines
Healthcare leads today’s roundup of real estate headlines from around Asia as Singapore’s sovereign fund hooks up with a US private equity giant for a $72 million India investment. Also in the news, Hong Kong’s borrowers catch a break after… Read More>>
PropertyGuru Exiting Indonesia as SE Asia Expansion Fails to Produce Profit
PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.
In a statement… Read More>>
TPG Buying Angelo Gordon for $2.7B
TPG is acquiring Angelo Gordon in a cash and equity transaction valued at approximately $2.7 billion, according to an announcement on Monday by the two private equity firms.
The two companies have agreed to a deal which will expand TPG’s… Read More>>
TPG Said in Talks to Buy Angelo Gordon and More Asia Real Estate Headlines
Debt strategies are back in vogue and US fund management giant TPG may be willing to pay $2 billion to keep up with the trend, according to a report on Friday. Also making our headline roundup today, HSBC fends off… Read More>>
Hillhouse Reportedly Moving to Singapore’s MBFC and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Bloomberg reports that Chinese private equity firm Hillhouse Capital is consolidating its Singapore offices into a single Marina Bay location, and buyout giant TPG prepares to acquire an Indian mortgage lender.
Read More>>
Blackstone’s Schwarzman Gives REIT Pep Talk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone’s CEO offers an explanation for surging redemptions in the firm’s non-listed REIT, and developer China Aoyuan reveals plans to sell a stake in its property services unit.
Blackstone Boss… Read More>>
PropertyGuru Plans Expansion After NYSE SPAC Debut Next Month
Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening net losses, with the online marketplace operator planning to use the proceeds of the share sale to expand its fintech business and… Read More>>
GIC, TPG Invest Combined $1B in Reliance Retail and More Asia Real Estate Headlines
Singapore was celebrating Children’s Day on Friday but the country’s sovereign wealth fund was still hard at work making a $752 million India retail investment before the weekend, with US private equity firm TPG also putting some cash into the… Read More>>