The $76bn New York State Teachers' Retirement System also renewed its contract with StepStone Group to work as its private equity consultant.
1 min read · 05 January 2013
A jury in New York has ruled that Citi banker David Wormsley did not trick the private equity firm into overpaying for EMI in 2007.
2 min read · 05 January 2013
Citi banker David Wormsley was on the witness stand Tuesday, and accused Terra Firma head Guy Hands of falsely using his name to try and test a low bid for EMI in 2007.
3 min read · 05 January 2013
Princeton’s $14.4bn endowment will cut back on the number of GP relationships, setting a ‘higher bar’ for re-ups, says CIO Andrew Golden.
1 min read · 05 January 2013
The $65bn pension system will look for key term changes during final negotiations, including cutting management fees and setting a ‘reasonable cap on organisation costs of the fund’.
2 min read · 05 January 2013
An IPO of BankUnited would create a platform for Blackstone to buy smaller banks in the US, the firm’s president Tony James said during an earnings call.
3 min read · 05 January 2013
The firm is offering a 5% reduction of all GP fees on the fund for LPs who commit prior to the first close.
1 min read · 05 January 2013
The $24bn pension, which has been slowly committing to private equity this year, has invited BC Partners, Meritech Capital and SFC Energy Partners in for interviews as it considers making commitments to the firms.
1 min read · 05 January 2013
The firm has agreed to acquire CommScope, which makes infrastructure for communications networks. Carlyle will make the investment from its $13.7bn fifth buyout fund, and its €5.4bn Europe Partners III.
1 min read · 05 January 2013
In an effort to discredit Citi banker David Wormsley, Terra Firma attorney David Boies attacked him for allegedly disclosing ‘confidential’ information in the past.
3 min read · 05 January 2013
