Firms and Funds

KKR Private Equity Investors (Euronext Amsterdam: KPE) will report its Q4 and year-end 2008 financial results next Monday, March 2.

Cerberus Capital Management is in talks to close its Hong Kong office, according to The Financial Times. The firm opened shop in Hong Kong two years ago, to help generate more China-related business.

Once a major player in middle-market lending, CapitalSource is now seeking credit concessions to keep it from defaulting on its own debt. According to a regulatory filing, the Chevy Chase, Md.-based company recently received a one-time waiver to keep it from breaching a covenant on a two-year-old loan it received from Wachovia Corp. and Bank […]

The Blackstone Group (NYSE: BX) said that it will release its Q4 and 2008 year-end earnings results this Friday. www.blackstone.com

LONDON (Reuters) – British private equity firm 3i Group Plc (III.L) said on Monday it has acquired the assets of listed vehicle 3i Quoted Private Equity Plc QPE.L, giving it access to 240 million pounds of valuable cash reserves. 3i QPE was set up in early 2007 with some 400 million pounds to buy minority […]

(Reuters) – Guy Hands has bought three cash-strapped investors out of their holdings in his Terra Firma private equity fund at a heavily discounted price, the Financial Times reported on it website late on Sunday. The price underlines concerns about Terra Firma’s indebted investments, the paper said. With the move, Terra Firma’s management company, tightly […]

NEW YORK/HONG KONG (Reuters) – Citigroup Inc is in talks that could see the U.S. government take a bigger stake, a source said, sparking a recovery in the battered share price of what was once the country’s most valuable bank. A report in the Wall Street Journal said taxpayers could own as much as 40 […]

It’s been more than a year since Silver Lake Partners announced a new deal from its third general fund, a $9.3 billion vehicle closed at the end of 2007 (it also has a credit fund and mid-market fund. I figured that such inactivity could put Silver Lake next in line for a fund size cut, but sources tell me that the firm has no interest in such a thing. Moreover, they say that Silver Lake been a bit busier than its press release void might indicate. So I sent into the CalPERS data trove, to look at Silver Lake III call-downs since last February. It shows around $60 million in cashed checks, which is about

BNP Paribas Investment Partners has acquired a minority equity stake in Northern Lights Ventures, a Tacoma, Wash.-based private equity firm focused on the money management industry. No financial terms were disclosed.

LONDON (Reuters) – British private equity firm 3i Group (III.L) sold 61 million pounds ($85.99 million) of shares in an investment fund it part-owned , but the move did little to remove fears it needs more drastic action to cut its debt. 3i’s shares fell over 7 percent in early trading on Thursday as investors […]