Greg Roumeliotis
A senior U.S. Securities and Exchange Commission official said on Thursday any enforcement cases against private equity firms over how they handled fees and expenses could take years to build, but that may not be necessary in many instances.
Carlyle Group LP said on Friday the value of its natural resources-focused private equity fund portfolio fell by 8 percent in the fourth quarter, highlighting the impact of lower oil and natural gas prices on such investments.
When Teacher Retirement System of Texas' investment chief learned that his son got an entry-level job at Blackstone Group LP, he checked with his employer about whether he should stay away from the public pension fund's investments in the world's largest alternative asset manager.
Adam Levine, a former assistant press secretary for U.S. President George W. Bush, has left his position as managing director of global public affairs at TPG Capital LP, a spokesman for the private equity firm said on Saturday.
Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.
Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter.
Vista Equity Partners has worked in an unusual clause in its contracts with private equity fund investors that gives it more financing flexibility and a leg up in leveraged buyouts, but also carries more risks for it and its investors.
The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people familiar with the matter.
Goldman Sachs Group Inc (GS.N) is considering raising a new infrastructure fund, according to three people familiar with the matter, even as U.S. regulations threaten to reduce its profits from such endeavors.
Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis.