RRJ Capital raising real estate fund – Reuters

Asia private equity firm RRJ Capital is launching an up to $1 billion real estate fund that will mostly target investments in China, the firm’s founder, former Goldman Sachs dealmaker Richard Ong, told Reuters on Monday. RRJ’s new fund, which is initially seeking $500 million, will focus on residential, retail, hospitality and care homes for the elderly, and is expected to close in the first quarter of next year, Ong said. The fund will target a 25 percent to 30 percent return on investments, writes Reuters.

OregonCoast

Oregon Pledge Sets Stage For Close of KKR Flagship Fund

With a $250 million follow-up commitment from the Oregon Investment Council, Kohlberg Kravis Roberts & Co’s latest flagship fund is within reach of its $8 billion target, a fundraising goal the firm started pursuing nearly two and a half years ago, according to Buyouts, peHUB’s sister magazine…

Temasek, RRJ Buy Stake in Kunlun Energy

Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Co,‘s unit Kunlun Energy Co., Reuters reported Tuesday. More than 140 investors bought into the company, which is becoming a leading player in China’s natural gas sector, according to a term […]

PE to the Rescue for Stranded Chinese IPOs

(Reuters) – An $80 million investment in a Chinese baby diaper producer normally wouldn’t generate much buzz. But last week’s deal for AAB China was interesting for a few reasons, among them the involvement of Richard Ong’s new $2.3 billion private equity fund. The deal shows that private equity firms, like Ong’s RRJ Capital, are […]

RRJ Capital Pours $80M into China’s AAB

RRJ Capital, a $2.4 billion Asian private equity firm, and a unit of Hong Kong’s Cheung Kong, has poured $80 million into AAB, a Chinese maker of baby diapers, Reuters reported. AAB China does around 70 percent of its sales in China and 30 percent overseas, Reuters wrote.

Consortium Buys Majority Stake in Frac Tech Services

A group of investors including Maju Investments and RRJ Capital has agreed to buy about 70% of Cisco, Texas-based Frac Tech Services Inc., Reuters reported. Financial terms of the deal were not released. Chesapeake Energy Corp. currently owns about 26 percent of Frac Tech. After the deal, Chesapeak will own about 30%.

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