Global investment firm KKR has agreed to sell Japan's Central Tank Terminal Co., Ltd. and Korea's Central Terminal Korea Co., Ltd. to institutional investors. Having acquired CTT in 2021 and CTK in 2023, KKR expanded both bulk storage platforms across Asia. The infrastructure transactions remain subject to customary closing conditions, with financial details unrevealed.
KKR has committed $350 million from its Asset-Based Finance strategy to launch Akrapoint Commercial Capital. The mid-ticket equipment finance company will provide solutions for small and middle-market businesses in sectors such as manufacturing, construction and transportation. Led by Chief Executive Officer Nate Smith and Board Chair Gary Shivers, the platform targets growing demand for vocational assets, speciality trailers and industrial equipment across the US.
Sun Group, Vietnam National Petroleum Group (Petrolimex) and National Commercial Bank (NCB) have signed strategic cooperation agreements in Phu Quoc. The deal expands linkages across energy, finance, aviation and tourism ahead of the APEC 2027 summit. The alliance includes sustainable aviation fuel research, electric vehicle charging rollout and dedicated banking solutions, strengthening operational capacity and green transformation initiatives across the region.
Saudi Arabia's Public Investment Fund has established Tawrid Company for Financing Solutions, a digital platform aimed at boosting supply-chain financing across the Kingdom. Authorised by the Saudi Central Bank, Tawrid connects buyers, suppliers and financial institutions to enhance corporate liquidity and working capital. The company has already entered binding agreements with major local lenders and firms, including Saudi National Bank and ROSHN Group.
Ares Real Estate and PSP Investments have launched a new joint venture targeting up to $2.4 billion in US logistics property. The partnership combines Ares’ operational platform with PSP Investments’ capital, focusing on prime industrial markets across the US. Sourced by Marq Logistics, the venture launches with a 5.2 million-square-foot seed portfolio spread across 14 properties in key regions including California, Texas and New Jersey.
Mirvac Group has named Kit Georgeos as Chief Executive Officer, Funds Management, starting 6 October 2026. Ms Georgeos will oversee the group’s wholesale investment vehicles, capital partnerships and investor relations, while joining the Executive Leadership Team under Campbell Hanan. Having joined Mirvac in 2023 as Fund Manager for the Mirvac Wholesale Office Fund, her promotion triggers a search process to fill her previous role.
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