North America

PE firms need to take a look at themselves

<span class="s1"><em>With Deloitte’s latest report finding that PE will have a significantly slower growth rate in the next 5 years, its partner Frank Fumai sees value in PE firms using data analytics on th</em></span><span class="s2"><em>eir own operations</em></span><span class="s1"><em>.</em></span>

Ares Capital acquires American Capital

The merger of the business development companies creates a $13 billion industry leader.

Dunkerley leaves Fondinvest amid fraud claim - Exclusive

The Department of Justice has charged seven individuals including Hugh Dunkerley, who bought Paris-based fund of funds Fondinvest last year, with defrauding investors and a Native American tribe.

Former PE exec launches multifamily office

NGP Energy Technology Partners CFO Rodd Macklin has partnered with Brian Gaister from Merrill Lynch to advise families whose wealth derives from privately held companies and real estate.

Carlyle adds responsibilities for 2 executives

Carlyle has added responsibilities in its global market strategies unit and its energy and natural resources group for two senior executives, Kewsong Lee and Glenn Youngkin.

Trilantic opens Texas office

The firm’s fifth office will be led by managing partner Chris Manning and partner Glenn Jacobson, who together will remain focused on energy investments.

CalPERS slashes investment costs by $134m

The pension giant has reduced its annual investment costs over the past five years.

Just Closed: Stonehenge Partners raises $82m

View the latest interim/final closes

SEC: We will come hard at PE enforcement

The SEC Division of Enforcement director Andrew Ceresney said in a speech that the agency 'will continue to aggressively bring impactful cases in this space.'

CPPIB appoints new president and CEO

The Board of Directors of Canada Pension Plan Investment Board has announced the promotion of Mark Machin to president and chief executive officer.