David Snow

Senate ramps up GP tax review(2)

A proponent of a tax hike on carried interest has been invited to make a presentation before US lawmakers, according to a report.

Ontario Teachers expands to London(2)

Teachers’ Private Capital, the private equity arm of the Canadian pension, has launched its first foothold outside of Toronto with a London office led by Andrew Claerhout.

Paul Capital launches co-investment business(2)

San Francisco-based Paul Capital Investments has hired Dana O’Brien, a Cornerstone Equity co-founder, to lead a New York-based programme for co-investment alongside the firm’s GP relationships.

Zell wins Tribune buyout(2)

Billionaire real estate investor Sam Zell has been selected to back the $8.2bn privatisation of newspaper publisher Tribune Company, a transaction which involves the sale of a stake in a Chicago baseball team and an Employee Stock Ownership Plan.

NY Times backs GP tax hike(2)

A New York Times editorial today decried the ‘wasteful gamesmanship’ that it claimed results from the low capital gains tax currently enjoyed by US general partners.

London shops go large in New York(2)

CVC, 3i and BC Partners all have recently opened up major new offices in New York City, indicating the growing global influence of UK-based private equity franchises.

Private equity real estate funds raise $60bn in 2006(2)

According to proprietary data from sister publication Private Equity Real Estate magazine, last year’s record fundraising looks set to continue in 2007.

Blackstone enters Indian infrastructure(2)

The private investment giant will team with Citigroup and India’s Infrastructure Development Finance Company to raise $5 billion for infrastructure investment in India.

Fortress doubles on IPO(2)

Fortress Investment Group this morning rocketed to roughly a $35 per share debut price, valuing the closely watched alternative investment giant at roughly $12bn, equal to 40 percent of its assets under management.

CalPERS backs PCG spin-out(2)

As the beleaguered California gatekeeper announces a new ownership structure, CalPERS is committing $800 million to ‘cleantech’ and emerging markets programmes managed by PCG.