Private Equity

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.

Olympus Capital Holdings Asia has launched a new structured lending business.

Kohlberg Kravis Roberts and TPG Capital Management hope to raise a combined $1.5 billion or more for their first dedicated real-estate funds. Both are gearing up for a fundraising push, with KKR committing a significant amount of firm capital to the new venture and TPG eyeing the second quarter to begin marketing the fund.

A class-action lawsuit accusing 11 major private equity firms of collusion will move forward, albeit on a much narrower basis, a federal judge ruled yesterday.