Yvette Choo

The GP who led Battery's push into India will quit after 10 years with the firm. Guatam Patel will also resign, leaving Battery with just one India-focused executive.

The US private equity firm continues its search for an exit from the Korean bank after reported discussions with TPG and Oaktree failed to produce a deal.

Fundraising is down $8.1bn from $36.3bn raised in 2007. This downward trend could change in 2009 as 85 infrastructure funds are fundraising this year, according to a study by the accounting firm.

Real estate funds raised $29.7 billion in 2008, almost twice the capital raised in 2007.

A consortium led by the firm has revised its earlier proposal to buy Energy Developments at an amended price of A$430m. Should the deal complete it would be Archer's first in the renewable energy sector.

Qiming brings in three, raises $320m * Philipp to go it alone in MENA * Morgan Stanley appoints Japanese PE head * JPMorgan pro joins Blackstone's GSO * Paul Capital appoints Hong Kong office head * Carlyle hires Citibank Japan president * Credit Suisse appoints Asian head of sponsors

3i has reportedly offered £135m for 13% of Energy Developments’ assets following a 100% acquisition proposal by an Archer Capital-led private equity consortium early this month.

Mohammed Al-Shroogi, a 30-year Citi veteran, has resigned from the financial services giant to join the Bahrain-based investment manager.

The European and Asian Special Situations fund has up to $300m in capital soft-circled and is targeting a first close this June.

The global private equity firm will invest A$65m for a stake of 18 percent in the Australian waste management company and the remaining A$735m will be raised via an entitlement offer.