Private Equity

Blackstone Group international private equity chief Michael Chae is coming (back) to America.

Hellman & Friedman hopes to raise nearly $9 billion for its next fund, a figure that would make it the largest new private-equity fund of the young year.

Private equity firm J.C. Flowers & Co. has hired financial services specialist Eric Rahe from Clayton Dubillier & Rice.

Kohlberg Kravis Roberts hopes its second infrastructure fund will be twice as big as its first.

Private-equity firm Ares Management is set to become the next alternative investments manager to go public.

The Los Angeles-based firm filed for an initial public offering with the Securities and Exchange Commission yesterday. When it goes public, Ares will become the first alternatives manager to do so since the Carlyle Group raised $671 million two years ago.

Los Angeles-based private equity firm Marlin Equity Partners has staged the first and final closing of the Marlin Heritage fund with $400 million in capital commitments. 

Private-equity firm Waterton Global Resource Management has found many more takers for its new mining fund than for its predecessor.

Menlo Park, Calif.-based Accel‐KKR, a technology‐focused private equity investment firm with over $2.5 billion under management, has raised $325 million for its second Structured Capital fund.

The Carlyle Group’s incoming co-president and co-chief operating officer is taking a pay cut to join the private-equity giant.

A group of public pension funds, led by California’s Orange County Employees Retirement System, are joining forces to lower the cost of their private-equity investments.