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Energy veteran: Look to China for energy growth

Bill Macauley, who heads the world’s largest energy-focused buyout firm First Reserve Corporation, believes that China holds the key to plugging the $26 trillion investment gap in the global energy market.

GSJBW merchant banking head retires

Clark Perkins was at the Melbourne-headquartered firm for 14 years and was actively involved in its private equity activities from 2005.

KKR bolsters India team

The global buyout firm has moved Nathaniel Taylor from its Menlo Park office to Mumbai, where it established an office in January.

Apollo co-founder: Being caught by surprise is 'ultimate sin'

GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.

Report: Credit Suisse MD departs to set up fund

Zhu Lei reportedly plans to establish his own private equity shop and raise RMB9 billion for two RMB-denominated funds.

Lightspeed loses Indian venture director

Srini Vudayagiri was promoted to his current role from managing director less than three months ago. He will depart the firm at the end of May and ‘will continue to be part of the venture capital industry”.

CIC restructures

China’s $200bn sovereign wealth fund has reportedly set up a new private equity department and appointed Hu Bing as its new head.

Buffini: Private equity faces ‘lasting changes’

The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.

Former KEMA director to head Blackstone fundraising advisory

The private equity firm has hired Tom Kelly, a former KEMA Partners managing director, to head a new initiative providing fundraising services to a range of different businesses.

GIH appoints head of private equity in Egypt

Mohamed Abdelsalam will drive deal sourcing and portfolio management in Egypt. The appointment forms part of the firm’s strategy to expand in the North African region.