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KKR public investor relations head to departJonathan Levin, who was chosen to lead communications with public investors in 2009 as the firm listed on Euronext, is leaving to join hedge fund Grosvenor Capital Management in Chicago.
- MSREF-backed Crescent emerges from Chapter 11
Crescent Resources, the property developer and manager with land in the South East and South West US, has exited bankruptcy protection after wiping $1bn of debt from its balance sheet and securing $150m in exit financing.
- Rattner settles New York pension probe
Former Quadrangle chief Steve Rattner has agreed to pay $10m and be banned from appearing before New York public pensions for five years.
- Report: Hana pips ANZ for KEB
Korea's Hana bank has reportedly edged out Australia and New Zealand Banking Group with an offer of up to $4.1bn for all Lone Star Funds' holdings in Korea Exchange Bank.
- Report: India's Hero Honda piques PE interest
TPG, KKR, The Carlyle Group and Bain Capital are reportedly competing for a stake in the motorcycle manufacturer.The deal is potentially worth over $1bn.
- Trump: Kravis has ‘unbelievable instinct’
Donald Trump and other high profile business personalities talked about Henry Kravis in a recent Bloomberg video about the KKR co-founder.
- JPMorgan settles with ex-Asia PE head
The bank has settled its dispute with Varun Bery, who had taken it to court in April for failing to honour an agreement allowing him to spin out the Asia private equity team.
- Cautious on cleantech
Though private equity investment in Asian cleantech has climbed year on year, it remains low compared to corporate investment in the sector. Hsiang-Ching Tseng looks into what’s holding GPs back.
- Citigroup seeks buyers for CVC investments
The US bank has put a total of $570m of investments with buyout firm CVC Capital Partners for sale on the secondaries market, reportedly including $250m of investments in two CVC Asia funds.
- CalPERS drops PCG after review
The pension is severing its ties with Pacific Corporate Group and has enlisted Capital Dynamics to manage CalPERS' $480m Clean Energy & Technology Fund.