People

DLJ founder joins Blackstone board

DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.

KKR moves into asset management

In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.

Ontario Teachers’ rewards investment team

The $108.5bn Canadian pension has elevated seven executives, three of whom lead private equity deals for Teachers’ Private Capital.

Houlihan Lokey boosts European coverage

The US bank, which has a strong franchise in restructuring, has recruited Florus Plantenga to take its advisory offering to Europe’s private equity firms.

Michael Klein leaves Citi

The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, despite $19.3m in deferred cash and stock compensation he has left bringing with him a golden Rolodex and deep knowledge and contacts within private equity.

GEF appoints managing director for South Asia

Washington's Global Environment Fund has appointed Raj Pai as managing director in its Mumbai office, and is raising a $300m fund focussed on clean energy in South Asia.

Bessemer appoints India advisory group

New York's Bessemer Venture Partners, has formed an advisory group of four for its Indian operations and now has 14 members on its Mumbai team.

Apollo eyeing real estate arm

Apollo Global Management, Leon Black's investment firm, is recruiting real estate professionals. The move could present a challenge to a seperate firm called Apollo Real Estate Advisors, in which Black owns a minority stake.

Sirius sets up subsidiary in Japan

The Singapore-based firm has set up a Japanese subsidiary which is headed by former Carlyle director Shigeru Fukunaga.

Unions launch global protest against private equity

The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting Kohlberg Kravis Roberts, pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.