Kohlberg Kravis Roberts and Texas Pacific Group join a number of high-profile private equity firms looking towards the distressed sector with new hedge funds. By Aaron Lovell.
Evercore Capital Partners has agreed to take over Davis Petroleum in a $150m management recapitalisation. Sankaty Advisors and Red Mountain Capital Partners are co-investing in the deal.
TowerBrook Capital Partners has held a $1.3 billion final close on its inaugural fund. The TowerBrook team spun out of Soros Asset Management in April of last year.
As capital continues to flow into private equity real estate, GPs are gaining the upper hand in negotiating the terms of their fund documents—but that doesn't mean LPs are staying quiet. By Paul Fruchbom
How long is long-term? As general partners raise, deploy and return capital faster than ever before, their investors may be in danger of getting used to private equity's new short-termism. Ken MacFadyen reports.
Arif Naqvi, founder of Abraaj Capital, never intended to build a private equity business. Today, he presides over the largest such entity investing in the Middle East and North Africa. An eloquent spokesman for the asset class' importance in the Arab world, he recently shared his vision for the industry and the region with Philip Borel.
Brad Greenspan, the former head of Myspace.com parent Intermix Media, is suing the company and its former VC backers, VantagePoint Venture Partners, claiming he was unjustly squeezed out.
Michael Gross, a founding partner of New York-based Apollo Management, will step down from the firm to pursue an ‘entrepreneurial’ project.
Trans World Entertainment has agreed to buy Sun Capital portfolio company Musicland out of bankruptcy. The company’s stay in Chapter 11 has reportedly been tainted by allegations of impropriety.
Equafin, the lead investor in the formation of Flagship Credit Corporation, formerly had ties to New York-based Capital Z.