North America

Harvard endowment CEO resigns amid ongoing turnaround

Stephen Blyth had sought to improve returns at the fund, which invested about one-sixth of its portfolio in private equity as of September 2015.

Goldman sued by HK PE firm for ‘fraudulent betrayal’

<p>Private equity firm Primus Pacific has filed suit in New York accusing Goldman Sachs of hiding its incentive to ‘curry favour’ with Malaysia’s Prime Minister Najib Razak when Goldman was financial advisor to EON Capital, a local bank in which Primus was the largest shareholder.</p>

Carlyle: GPs and LPs have reached ‘equilibrium’ over fees

That’s because private equity firms are increasingly transparent with LPs about the fees they charge, Carlyle’s co-founder and co-CEO David Rubenstein said during a second-quarter earnings call with analysts.

Investors achieve outperformance via new funds

<p><em>Data from Boston-based investment advisor Cambridge Associates shows first- and second-time funds have often outperformed established funds.</em></p> <!--StartFragment--><p><em></em></p> <!--EndFragment-->

Just Closed: China Media Capital raises $357m

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Just Closed: Graham Partners raises $327m

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Just Closed: Volition Capital raises $250m

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Just Closed: ABS Capital raises $150m

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Mexico FoF: Local LPs ‘eager to invest’ abroad

Mexican pension funds can only invest in domestic private equity funds under current regulations, but Felipe Vilá Gonzalez, chief executive of Mexico’s fund of funds group Fondo de Fondos, says LPs are keen to diversify abroad.

Apollo aims to &#039;buy well&#039; with $1.6bn Outerwall deal

For self-service kiosk provider Outerwall, Apollo is paying less than the average earnings multiple it has been paying for assets purchased using capital from its Fund VIII.