News

Cerberus’ Larsen joins Moelis & Co.(2)

Fresh off the $1.8 billion first close of its debut fund, Ken Moelis’ new firm has lured Kurt Larsen away from Cerberus.

Capitol Hill to examine PE-owned nursing homes(2)

Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.

Moore opens London office(2)

Moore, a back office services provider, has hired Simon Chadwick from Bear Stearns to spearhead its drive in London and Japan.

Sevin Rosen partners to split ahead of fundraise

The veteran VC firm’s Dallas partners will soon raise the firm’s 10th fund, while its California partners will ‘pursue other investing paths’, according to a letter sent to investors.

Standard Life’s Boston office walks out(3)

The majority of Standard Life’s US private equity fund of funds team has left ‘without giving notice or warning of their intentions’. The UK insurer is currently in negotiations with its lawyers on the matter.

First Reserve, shipping vet launch $300m venture(2)

First Reserve has committed $300 million to a joint venture with former OMI chief executive Craig Stevenson, formed to pursue energy-related shipping investments.

Blackstone nabs Host Hotels head for Hilton(2)

A week after completing its $20 billion buyout of Hilton, Blackstone has hired Chritopher Nassetta as the company’s new president and CEO.

Lord Malloch-Brown says industry can help end poverty

The UK's Minister for Asia, Africa and the UN called on emerging markets managers not to shirk their social and enviromental responsibilities in the countries where they invest.

TPG appoints head of Indonesia(4)

TPG has hired Southeast Asia banking vet Jerry Ng to lead its Indonesia business, as the firm looks to strengthen its position in that country’s financial services sector.

Standard Life’s Boston office walks out(2)

The majority of Standard Life’s US private equity fund of funds team has left ‘without giving notice or warning of their intentions’. The UK insurer is currently in negotiations with its lawyers on the matter.