Amanda Janis
The BVCA, EVCA and CBI are together lobbying Brussels as an EU committee mulls mandatory regulation of alternative investment funds as proposed by former Danish Prime Minister Poul Nyrup Rasmussen.
The $9bn distressed investment specialist will provide more than half a billion dollars to bail out Standard Pacific, buffeted by the sinking Southern California real estate market.
The PCG spin-out has hired another ex-PCG executive, Stephen Moseley, who will establish the advisory group’s New York office and lead co-investment activities.
The financial services provider has launched a private equity index based on quarterly statistics from public and private pensions, endowments and foundations.
Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.
PCG spin-out StepStone will manage the State of Wisconsin Investment Board’s specialised private equity fund investments.
StepStone, a San Diego area advisory firm founded by three ex-PCG executives including its former president, has hired PCG’s former head of research, Jay Rose. Rose is the sixth former PCG employee to move across town to StepStone.
Apollo will reportedly become the second major alternative asset manager to list a portion of its management company on Goldman’s private exchange. The private float is expected to follow sales of minority stakes to Abu Dhabi and possibly CalPERS.
Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
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