A group of private equity firms, including The Blackstone Group, Centerbridge Partners and TPG, have proposed various changes to the Federal Deposit Insurance Corporation’s draft rules that would govern the ownership of failed financial institutions by private investment firms.
The group, which also includes Oak Hill Capital Partners, Lightyear Capital, Irving Place Capital and Corsair Capital, sent a letter to the FDIC this week just before the public comment period of the FDIC’s proposed rules came to an end.
