As expected, the EU parliament has accepted compromise proposals put forth by the rival EU council, ushering in a new wave of rules on fund transparency, remuneration, asset stripping and non-EU funds and managers.
3 min read · 05 January 2013
Former Zurich private equity head Jim Kester has joined the $600bn Abu Dhabi sovereign wealth fund as CIO of the fund’s private equity unit.
1 min read · 05 January 2013
The Boston-based firm has begun searching for a new European general counsel. The search is being led by Bain GC Sean Doherty.
1 min read · 05 January 2013
Partners Capital is about to plant its first flag in Asia as a way of tapping into rising domestic fund manager talent.
2 min read · 05 January 2013
The mid-market private equity firm held a final close on its $500m target for Fund II, and promoted a number of staff to senior positions.
1 min read · 05 January 2013
Former KPMG director Tristan Nagler will help ramp up banking group Investec’s finance offering to British mid-market companies.
1 min read · 05 January 2013
A senior credit officer at Citi warned the bank's loans to Terra Firma's 2007 buyout of EMI could be a 'huge loss', and revealed Citi viewed the loans as troubled from the start.
1 min read · 05 January 2013
The acquisition of Saddle River Valley Bank by JC Flowers follows the revelation Blackstone is planning to acquire small banks around the US.
2 min read · 05 January 2013
The European Parliament and Council have reached agreement on the final text of the long anticipated Alternative Investment Fund Managers directive.
3 min read · 05 January 2013
GPs believe roughly half of all private equity firms in market will collapse, according to a recent survey, which also revealed GP’s concerns over the financial performance of portfolio companies.
1 min read · 05 January 2013
