peHUB First Read

* Trouble in UK buyout land: PAI Partners gets investor approval to cut its fund size by 50%, while Candover has extended its standstill agreement for new deals. * Coffee Wars: Green Mountain and Peet's battle for K-Cup control * David Lerner: What VCs do and don't like to see when looking at university spinouts * Morning Call: U.S. futures point lower, London falls early, European shares retreat, the Nikkei surges, Hong Kong loses 0.8% and China shares gain. * Mark Suster: Is strategic money an oxymoron? * Carbon funds grow despite problems * Does pharma corruption mean that scientists are about to become the new Hollywood villains? * Supply & Demand: On Sept. 26, more students took the LSATs than ever before. Problem is, there aren't enough law firms to absorb all the wannbes.