Crisis translates into job cuts * Co-head of Permira's Japan office leaves * Morgan Stanley lays off Asia PE banking and China property heads * KKR hires two in Australia Tasman appoints CFO * EMP Global names two MDs for Asia * Citi appoints new Asian private equity banking head * Morgan Stanley AIP opens Hong Kong office * TVM Capital promotes two venture partners * BerchWood plans push into Asia, augments London team * Bohai fund appoints CEO * CP Eaton appoints a vice president * KPMG appoints PE head for Asia-Pacific * Barclays Capital Japan hires two ex-Lehmans PE bankers
News on professional service providers to the private equity market.
Christopher Flowers should be making hay. But at the outset of an historic buying opportunity, why are some of his firm's limited partners running for cover? Matt Levin and David Snow investigate
KKR Financial has been given an ultimatum by the New York Stock Exchange
Britain says that the original plan to infuse the battered banking industry has proved to be insufficient. Among new schemes is a £50bn fund enabling the Bank of England to buy up troubled financial assets such as syndicated loans.
The UK has unveiled new measures to help its battered banking industry, but BVCA chief Simon Walker cautions 'while a host of private equity investors stand ready' to rescue ailing companies, they can only do so if the banks actually get lending.
The Italian alternatives firm – one of Southern Europe’s earliest international private equity fund of funds operators – has hired Seth Lieberman to head up its new global real estate platform.
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the North American awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
Björk has lent her name to a fund which will try to stimulate her nation’s stricken economy by investing in local businesses. The fund will be managed by female-centric financial services firm Audur.
Research suggests 2001 was the optimum year for opportunity real estate funds to succeed. GPs expect 2009 and 2010 could become the next golden era. PERE Magazine December 2008/January 2009