Chinese internet giant Tencent Holdings and private equity firm Hony Capital have bought land in Shenzen's Qianhai economic zone for RMB2.19 billion (US$351 million), according to an announcement of the Shenzhen Real Estate Trading Center. Tencent paid RMB1.55 billion (US$248.65 million) for the largest parcel of the land being auctioned, which covers 24,948 square meters. […]

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Global private equity giant TPG Capital has closed its sixth pan-Asian fund at US$3.3 billion, according to media reports. The vehicle began fundraising in mid-2012 with an original target of US$4 billion. Last June, the fund reached second close of US$2 billion. In the fourth quarter of last year, TPG decided to reduce the fund […]

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Hong Kong-based special situations investment firm SSG Capital Management has reached a final close of its third Asia special situations fund at US$915m, according to media reports. The fund, named SSG Capital Partners III LP, has an initial target size of US$800 million. At least 70% of the new fund will be deployed in SSG's […]

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