Private Equity

Investors have flocked to Morgan Stanley’s fourth Asian private-equity fund, committing US$200 million more than the firm initially sought.

Apollo Global Management has clarified its plan to pay top partners and executives some of their bonuses in stock instead of cash, a policy that has led to grumbling among those affected, as well as a number of departures.

Highbridge Capital Management’s European push has landed a top credit trader from Fortress Investment Group.

Private-equity giant TPG Capital has invested in Asian hedge-fund seeder HS Group, its first hedge fund investment specific to the region.

The Securities and Exchange Commission has expanded its probe into private-equity fees, with a new focus on commissions such firms receive from group-purchasing programs.

Private equity firms are listing and borrowing in Europe more than ever.

A Kohlberg Kravis Roberts portfolio company has agreed to pay $29 million to settle allegations that it accepted an unreasonably low bid from the private-equity company last year.

One private equity firm is threatening another’s holiday plans.

A powerful Texas legislator has had quite enough with alternative investment firms running the state’s largest electric utility.

The Blackstone Group plans to launch a “best-ideas” hedge fund deploying billions of dollars on large, concentrated investments.

The new fund will employ several trading teams, employing a variety of strategies and making outsized bets on stocks at a time when many hedge funds are avoiding such concentrated holdings. The fund will then be marketed to high-net worth clients.