Tone Grant has been convicted of defrauding TH Lee and other investors during his tenure at the once-mighty commodities brokerage.
2 min read · 12 January 2013
The US firm finds its $700m fund already oversubscribed after just a few weeks in the market. Meanwhile, $16.8bn in debt tied to its BCE deal is reportedly among the LBO loans lenders hope to sell to buyout firms.
2 min read · 12 January 2013
The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.
1 min read · 12 January 2013
TPG co-founder David Bonderman will rejoin the troubled Seattle-based savings and loan.
2 min read · 12 January 2013
In line with one of its sector focuses, the firm is opening a Californian office so its its telecoms, media and technology executives have a base in the heart of the US technology centre.
2 min read · 12 January 2013
The global bank has cut half the members of its 27-strong team. Deal fees from private equity have collapsed on the back of the credit crunch, as banks have pulled back from larger buyout deals.
2 min read · 12 January 2013
The pension’s overall annual return of 4.5 percent – its lowest return in five years – was boosted by alternatives. Teachers’ annual report said real estate was the highest performing asset class returning 14.7 percent.
3 min read · 12 January 2013
The pension’s lowest annual return for five years was boosted by alternatives, despite private equity returns falling by almost two-thirds. Teachers’ also faces a $587 million break-up fee if the BCE transaction fails to close.
3 min read · 12 January 2013
Controversy has surrounded China's attempts to ramp up its investment activities on the international stage. But what are its real motivations? And are fears in the US and elsewhere irrational? Albert McLelland provide revealing insights into the thinking behind China's outbound moves.
10 min read · 12 January 2013
How are LPs in the West approaching the Chinese market? Jennifer Harris tests the waters.
7 min read · 12 January 2013
