Private Equity

LeapFrog Investments, the emerging markets fund manager with a focus on “purpose-driven” businesses, has raised $204 million for its second private equity fund.

The Blackstone Group's advisory business has named Karl Knapp to lead its global industrials practice.

The Canada Pension Plan Investment Board is the world's biggest private equity investor, with $3.99 billion committed as of March, according to new research from PEI.

Citigroup is all-but-out of the alternative investments business following the sale of more than $6 billion in assets, including a $4.3 billion private-equity fund.

Citi sold its Citi Venture Capital International to p.e. shop Rohatyn Group, led by Felix Rohatyn's son, Nick. Citi last month also sold a $1.9 billion emerging-markets hedge fund to its management, the latest in a string of management buyouts for Citi alternative investments business.

The U.S. Justice Department has launched an investigation into a private-equity firm's hiring of a former Army officer who led a unit that did business with one of its portfolio companies.

Bruno Wu's BT Capital—which he set up last month with former Bertelsmann CEO Thomas Middlehoff—will raise the money to invest in media companies, especially those plotting expansions in Asia. It will invest in small- and mid-sized companies "the need China for the next wave of expansion," including Internet, digital media and e-commerce operations.

Kohlberg Kravis Roberts has hired the former CEO of insurance brokerage Willis Group.

The Carlyle Group has made a pair of top hires to handle its power and consumer and retail investments.

A judge Friday dealt a potentially fatal blow to Carl Icahn's hopes of blocking the sale of Dell Inc. to its founder and a private-equity firm.

The Blackstone Group has created another billionaire.