Private Equity

Australia's Macquarie Capital is not bound by the U.S. Volcker rule's restrictions on bank's private-equity activities. So it's tripling down—and more—on its business in the country.

Hermes BPK Partners has launched a hedge-fund acceleration vehicle with a private equity firm, and picked New York-based Taurasi Capital Management as its first beneficiary.

The Blackstone Group is mulling a bid for Dell Inc. that could lead to a bidding war for the company.

The private-equity giant is among four groups that have looked at Dell's books as part of the computer-maker's go-shop period. Dell last month accepted a $24.4 billion leveraged buyout deal led by founder Michael Dell and private equity firm Silver Lake Partners.

A former Goldman Sachs merchant banking executive is setting up a private equity firm that will focus on western Europe.

The National Football League is sitting on a goldmine, and it's asked a private-equity firm to help it invest it.

Highland Capital Management's former private equity chief plans to launch a new firm, raising tensions in the already extremely-litigious relationship between him and his former employer.

Life leading a public company is proving lucrative for the Carlyle Group's founders.

Highbridge Capital Management has closed its latest mezzanine fund at over $5 billion.

Private equity has a problem, says NewGlobe Capital Partners founder and CEO Andrew Hawkins: A growing number of funds have reached the end of their lives in a market not conducive to exits.

NewGlobe, in partnership with Vanterra and Hamilton Lane, will target older p.e. funds—with no successor fund and no chance of the GP raising another vehicle—run by managers who “may have made one or two investment misjudgments” or who were “clobbered by the market which just went against them,” said Hawkins.

If there's another financial crisis in the next few years, private equity could be to blame, the Bank of England said yesterday.