Companies

British Climate Partners will work with investors to deploy capital through equity platforms and mezzanine finance to scale clean energy projects in developing Asia; the annual investment required to diversify away from coal is huge.

The French bank is the latest foreign firm to open in the Indian Special Economic Zone; Pranav Vyas will lead the branch.

The offering, which will go towards railway projects and sustainability goals, included a record HK$3bn 30-year tranche.

As part of the agreement, KKR will acquire $820m of newly issued Samsung SDS convertible bonds; Samsung SDS will spend the money on M&A and improving its AI capabilities.

From May 1, Cindy Lo will become regional managing partner and Roger Lui will become senior partner, both for Greater China.

BPEA IX will focus on control investments in leading companies across technology, healthcare, industrial technology, services, and technology services; several deals have already closed in Japan and South Korea.

The Galaxy Orientis fund has raised $520m out of a $1bn target from China Investment Corporation, Indonesia Investment Authority and State Oil Fund of the Republic of Azerbaijan. The PE fund is eyeing investments across the Asean-China corridor.

Several warnings, including from ratings agencies, have been issued, as the two giant Chinese property developers continue to struggle as losses mount.

Hong Kong-based Liu was most recently a partner at PE firm Advent International.