November 2010 Issue

The mid-market buyout house is moving to larger offices in London amid a number of changes to its investment team.

The UK Takeover Panel has introduced a slew of new reforms which could make it more difficult for private equity firms to seize British companies.

Hans Morris, the former president of Visa who has been a special advisor for GA, will lead the firm's global financial services sector.

The EU’s leading opponent to letting foreign private equity firms easily access Europe’s deep capital markets has softened its position.

Australian private equity firms flush with unspent capital have been growing more active, with new investments growing by 14%. Fundraising remains muted.

Patricia Hedley joined General Atlantic in 1987 as an investment professional targeting companies in the business services and technology sector.

Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.

US fund managers have once again escaped a proposed tax increase on carried interest, a provision which could possibly lose further support following the November elections.

A jury in New York has ruled that Citi banker David Wormsley did not trick the private equity firm into overpaying for EMI in 2007.

Five new portfolio companies have joined KKR's Green Portfolio Programme. The firm has also joined CSR Europe, a business network focused on corporate responsibility.

The newly formed Financial Stability Oversight Council will seek public input over final details regarding banks involvement with private equity funds.

As part of the agreement, the general partner responsibilities of the $2.65bn Asian Real Estate Opportunities Fund are expected to transfer to Blackstone.

The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.

Manatt Phelps, which took a fee from an LA buyout firm for arranging a CalPERS meeting, has agreed to pay a fine and accepted a five-year ban on facilitating business with New York pension funds.

The European Parliament and Council have reached agreement on the final text of the long anticipated Alternative Investment Fund Managers directive.

Alan Hevesi pleaded guilty Thursday to a felony charge for his involvement in the New York State Common Retirement Fund pay-to-play scandal. Hevesi is the seventh individual to plead guilty in attorney general Andrew Cuomo’s ongoing pension fund investigation.

Quadrangle co-founder Steve Rattner said in an online interview that his involvement in the New York state pension pay-to-play scandal investigation has been the most painful event of his career.

An IPO of BankUnited would create a platform for Blackstone to buy smaller banks in the US, the firm’s president Tony James said during an earnings call.

A jury in New York has ruled that Citi banker David Wormsley did not trick the private equity firm into overpaying for EMI in 2007.

Timothy Recker has taken over the chairmanship of the Institutional Limited Partners Association from outgoing chair Joncarlo Mark of CalPERS.

Quadrangle co-founder Steve Rattner could pay $6m and face a two-year ban from the securities industry, the WSJ reports.