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Morgan Stanley expands, re-brands PE division(2)

The US investment bank is continuing to strengthen its private equity team, now called Morgan Stanley Private Equity, as it raises a $6 billion debut fund just three years after spinning out its in-house PE group.

Forstmann teams with former HBO head for $250m media fund(3)

Private equity legend Ted Forstmann is returning to active investment, after winding down his own firm in 2004. He is raising a $250 million media and entertainment fund with Chris Albrecht, formerly the head of HBO.

Riverstone hires BP top brass(3)

Riverstone has hired former BP executive Ralph Alexander, just weeks after appointing BP's former CEO, Lord Browne, to lead its European activities.

Advent’s Kiev office ends reorganisation(4)

Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.

WashingtonVC founder passes torch

Tech start-up entrepreneur Eric Litman has crossed over to venture capital, taking the reins of WashingtonVC from founder Mike Mann.

Mario Giannini: Countdown to 2008

In PEO's second installment in its Countdown to 2008, Mario Giannini, chief executive of global investment advisory firm Hamilton Lane, predicts a relatively benign year for the industry despite a "wall of worry".

Temasek loses China dealmaker to private equity fund(2)

Temasek, the Singapore sovereign fund, has lost three senior investment executives in a week. Jimmy Phoon, the chief investment officer of the investment firm in Singapore, is leaving. Hong Kong’s Frank Tang, Temasek China dealmaker, has also resigned with his colleague Terry Hu.

Ex-UBS exec Ken Moelis holds first close on $1.8bn(4)

Moelis & Co. has held a $1.8 billion first close on its new fund, just five months after founder Ken Moelis left his position as head of investment banking for UBS.

Istithmar opens Shanghai office

Dubai investment group Istithmar has opened an office in Shanghai; it is the firm’s first office outside of the United Arab Emirates.

Fox Paine co-founder sues his colleagues(3)

Saul Fox has filed a lawsuit against his firm’s co-founder, Dexter Paine, claiming that Paine is trying to force him out of the firm.