Christopher Witkowsky

The Euronext-traded fund of funds expects that half of its commitments in the next 12 months will be in the secondary market.

Following HarbourVest’s decision to walk away from a signed secondary transaction last week, sellers of private equity fund interests are concerned that buy-side MAC clauses will complicate secondaries activity even further.

The image of private equity firms on both sides of the Atlantic asking for bailout money weakens the industry’s position on the carried interest debate, writes Christopher Witkowsky.

The San Francisco- and Hong Kong-based firm has closed its second fund $100m higher than its initial target, but slightly shy of the $1bn close anticipated. The fund will focus on fund investments in China, Japan, Korea and India.

Apollo portfolio company Hexion alleges that Credit Suisse and Deutsche Bank are in breach of their contractual obligations to fund the closing of its merger with chemical manufacturer Huntsman.

Daewoo Electronics’s creditors, who control the company, chose the New York-based private equity firm as the winning bidder. Ripplewood’s bid marks the third time Daewoo’s creditors have initiated a sale.

The Boston-based venture firm has bolstered its Silicon Valley office with the appointment of Victor Westerlind as a general partner. RockPort closed its third cleantech fund last June on $453m, slightly above its hard cap.

A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax. The lobby group said 'everyone has to pay their fair share'.

A majority of the city council supports a proposal by the Working Families Party, a grassroots political group, to include carried interest under the city’s 4% unincorporated business tax.

The Barcelona-based private equity firm has made its first investment from its debut €100m fund, which closed in May. The investment in Atrezzo is the first step in the creation of a visual merchandising group focused on the fashion sector.