News & Analysis

Regret over ‘drinking the Kool-Aid’ during the tech bubble was among many industry and firm-specific issues Henry Kravis and George Roberts discussed in an interview with the Wall Street Journal.

Limited partners who discourage GPs from making investments should be sued, the founder of Siguler Guff told delegates at this week’s The Emerging Markets Private Equity Forum in London.

The US private equity giant has officially launched its first RMB fund and signed an agreement with the state-backed Shanghai Lujiazui Financial Development Company.

Representatives from the £13 billion Wellcome Trust and the UK Financial Services Authority testified before the UK House of Lords Tuesday about the potentially painful impacts from EU fund manager regulations, including loss of access to funds and marketing restrictions. House members said they would address such concerns in upcoming meetings with the European Commission.

But despite A$414m in gains from listed fund buyouts and internalisations, the Australian investment bank still posted A$414m in net write-downs due to other adjustments. In May, Macquarie had disclosed A$417m in write-downs across its managed funds.

Four Nixon Peabody partners, including the chair of its private equity practice, and four associates will join Winston & Strawn’s New York office.

Chen Tang, formerly with Friedman Fleischer & Lowe, and the ex-CFO of ValueAct Capital, Ronald Yee, allegedly tipped off a broad network of family members about impending deals.

An SEC complaint today claimed Chen Tang, at the San Francisco buyout firm for just six months, tipped off a broad network of family members about impending deals. The CFO of ValueAct Capital has also been named in the complaint.

Aureos Capital has sold its minority stake in MillenniumIT, which has been acquired by the London Stock Exchange Group for $30m.

The firm's second deal in China is for Beijing Leader & Harvest Electric Technologies, which manufactures energy saving devices.