1 min read · 23 September 2009
1 min read · 23 September 2009
2 min read · 23 September 2009
Gregory Summe has joined The Carlyle Group as vice chairman of the firm's global buyouts practice. He previously was a senior advisor to Goldman Sachs Capital Partners and, before that, spent 11 years as chairman and CEO of PerkinElmer.
3 min read · 23 September 2009
1 min read · 23 September 2009
NEW YORK (Reuters) - The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new "golden age" for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday. Private equity firms suffered badly when debt markets seized up as a result of the crisis and banks did not want to lend increasingly scarce capital. Only just recently have credit markets started to unfreeze. "The financial markets may be on the cusp of a new 'golden age' for private equity," Hutchins, who is also a co-founder of the firm, told Reuters. Hutchins, the co-founder of the $13 billion private investment firm, cautioned that while there has been a significant stock market rally, the economy is showing stable, though not robust, growth.
3 min read · 22 September 2009
1 min read · 22 September 2009
Lee Stern has joined KKR as director of the firm's asset management unit, where he will be responsible for originating and structuring mezzanine investments. He previously was a managing director with GSO Capital Partners.
4 min read · 22 September 2009
Jeff Baxter has joined Variation Biotechnologies Inc. as chief executive officer. He previously was a managing partner with VC firm The Column Group.
2 min read · 22 September 2009
2 min read · 22 September 2009
