Sam Sutton

Representative Darrell Issa, a Republican leader in the House of Representatives, said the tax treatment of private equity earnings is a ‘classic loophole’.

Mu-Shin Kim and Andy Tsai were hired to lead StepStone’s investment and business development efforts in Korea, Japan, Taiwan and greater Asia.

Eric Hovde, founder of Hovde Private Equity, was narrowly edged out by former Governor Tommy Thompson in Wisconsin’s Republican Senate primary.

The Dallas-based firm has released a scathing 21-page memo detailing what it calls 'arbitrary and discriminatory conduct' by Korean regulators for allegedly obstructing Lone Star’s ability to exit the troubled bank.

Seventy one individuals from firms including KKR and TPG have donated more than $8.2m to an independent committee dedicated to helping Mitt Romney win the US presidential election.

Senior portfolio manager Anne Simpson voiced CalPERS’ support for the rule, which limits banks’ ability to participate in private equity.

GP updates on fund activity keep firms on investors’ radars, which pays dividents when it comes to fundraising, said panellists at the PEI Investor Relations and Communications Forum in New York.

Priorities USA Action, a political action committee backing President Obama, has released a new ad attacking Mitt Romney’s private equity background in an effort to swing ‘battleground’ states.

Although only 20% of respondents said they were highly familiar with how private equity and venture capital works, a plurality believes the industries are responsible for job growth and have a positive impact on the economy.

The industry trade organisation has directed around $80,000 to politicians with influence on Congressional committees considering legislation that would affect private equity.