Japan is emerging as a key target market for global private equity as corporate reforms, a weak yen, and a large pool of under-optimised companies attract buyout interest, with KKR, Blackstone, Bain Capital, EQT, and Warburg Pincus among those actively deploying capital, according to a report by Bloomberg.

Global multi-strategy investment firm Arena Investors LP is set to close its Singapore office, reallocating resources to other regions, according to a report by Bloomberg citing unnamed sources familiar with the matter.

Goldman Sachs-backed Petershill Partners Plc is set to return $921m to investors and delist from the London Stock Exchange, valuing the firm at approximately $4.5bn – a 35% premium to its last closing price, according to a report by Bloomberg.

Global private investment giant KKR is holding its first-ever board meeting in Asia in Tokyo this week, underscoring the growing importance of Japan to the New York-based firm’s regional strategy, according to a report by Reuters.

Apollo Global Management is in early-stage discussions with UK asset manager Schroders over a potential private markets product partnership, according to a report by Bloomberg citing unnamed people familiar with the matter.

Credit-focused hedge fund firm Daimeter Capital Partners and private investment firm Apollo Global Management haver closed short positions against the debt of First Brands Group, the heavily leveraged US auto-parts maker, according to a report by Bloomberg.