Private Equity
After more than 20 years with the World Bank’s lending arm, Teresa Barger is leaving to launch her own emerging markets investment venture.
1 min read · 04 January 2013
Norwest Venture Partners, a US venture capital firm, has made its first hire in India after operating in the country from abroad since late 2003. The firm is expected to hire two more partners following the appointment of Niren Shah as managing director.
2 min read · 04 January 2013
Nordic head Kurt Björklund and his US counterpart Tom Lister are to be appointed co-managing partners in response to the firm's dramatic growth over the last decade which has seen it grow from €2 billion under management to €22 billion.
2 min read · 04 January 2013
The UK prime minister Gordon Brown has said he will close any tax loophole private equity enjoys, as the clearest sign so far that the UK government intends to change the carried interest tax relief enjoyed by buyout executives.
2 min read · 04 January 2013
US buyout firm TH Lee has created a credit fund with $500 million in commitments and a dedicated credit division staffed largely by ex-AIG executives, including AIGGIG’s former head of private placement, Sam Tillinghast.
3 min read · 04 January 2013
Michael Devlin of Pharos Capital Group predicts the rise of business services as more Hispanic entrepreneurs turn to private equity for capital.
2 min read · 04 January 2013
PCG Asset Management, an affiliate of US gatekeeper Pacific Corporate Group, has lost its head of research and managing director, Jay Rose. Meanwhile, the firm has hired two junior level professionals and opened a New York office.
2 min read · 04 January 2013
Chris Casciato, former partner in Goldman Sachs’ Financial Institutions Group, will source and execute deals for the New York firm’s current $850 million fund.
2 min read · 04 January 2013
The head of the Ontario Teachers’ Pension Plan, Claude Lamoureux, will retire in December and be replaced by Jim Leech, senior vice president of the pension’s private equity arm.
1 min read · 04 January 2013
General Atlantic looks to be ramping up its investment activity in the healthcare sector with the addition of former Uniprise chief executive Tracy Bahl to its team of special advisors.
1 min read · 04 January 2013
