Private Equity

Private-equity firms are sitting on a record amount of cash, with more than $1 trillion in dry-powder awaiting the right opportunities.

A 25-year veteran of private-equity firm Bain Capital has retired from the firm.

Bain Capital Partners and Goldman Sachs will pay more than $100 million to settle allegations that they and other big private-equity companies colluded to keep takeover prices down.

Lovell Minnick Partners, a private equity firm focused on financial services, has taken a minority stake in liquid alternatives specialist 361 Capital. Terms of the transaction were not disclosed.

Kohlberg Kravis Roberts has moved into, for it, uncharted territory with its first-ever investment in Africa.

The Plymouth County Retirement Association, a $795 million Massachusetts public pension fund, is seeking proposals from private equity managers for a $10 million mandate. 

Neuberger Berman’s private-equity fund investing in hedge fund has taken a minority stake in Blue Harbour Group.

The Man Group is indeed in talks to acquire Boston hedge fund Numeric Holdings, it said today.

Investors and regulators have grown hoarse demanding increased transparency from alternative investment firms, and the industry has responded, to an extent.

But the response from at least some firms hasn’t satisfied some potential clients—and it is costing them money, according to a new survey.

For the past six years, private-equity firms have shied away from Australia. But just five months into 2014, they’ve shaken off those doldrums and plunged back in.