North America

Quadrangle hires Evercore executive as CFO

Puneet Gulati replaces former CFO Steven Davidson, who left the firm earlier this year.

EIG closes debut fund on $4.1bn

EIG Global Energy Partners has closed its first fund since its spinout from Los Angeles-based asset manager TCW late last year above its $2.5bn target and its hard cap of $3.5bn.

Oregon considers $100m to TPG’s BDC

TPG hired former Goldman executives Alan Waxman and Joshua Easterly to run TPG Specialty Lending, a business development company investment vehicle targeting between $800m and $1bn.

KKR in $104m oil and gas deal

The acquisition of properties in the Barnett Shale region of Texas marks the third investment made by KKR Natural resources.

Montagu hits hard-cap with fourth fund close

Buyout firm Montagu Private Equity's fundraising team led by Vince O'Brien has put the finishing touches to its latest capital raising effort, closing its fourth fund at its hard-cap of €2.5bn

Registration escape routes

Full SEC registration can cost many hundreds of thousands of dollars. The good news is that there are ways around it, writes Alastair Breward of Amadeus Capital.

BofA to spin off $5bn Merrill PE group

BAML Capital Partners, which has been overseen by James Forbes, will become an independent firm and eventually raise third-party capital. Forbes will stay with BofA.

Buyout firms chase UK retailers

Private equity firms are taking a keen interest in UK retail businesses despite warnings from the Bank of England over the fragile nature of consumer spending.

First Reserve hires ex-Goldman exec for infrastructure

The firm has hired former Goldman executive Tim Vincent ahead of an expected final close on its infrastructure fund on more than $1bn.

Accounting boards further harmonise standards

The two boards responsible for US and international accounting standards have stripped away major differences in areas such as fair value reporting and consolidated financial statements, with guidance expected in the coming weeks.