KPMG Sets Up Private Equity Group

KPMG has moved most of its senior private equity partners to a new p.e. group, designed to serve the largest funds in the U.S. and provide a centralized global process for the accounting firm’s clients worldwide.

The new U.S. private equity group will be headed by 35-year KMPG veteran Donald Spitzer.

“More investment was made during 2006 in private equity funds than in stock mutual funds, and KPMG is committed to enabling our clients to continue to achieve significant growth within the market,” Spitzer said.