Christopher Witkowsky

The New York-based firm continues to purchase industrial assets-based businesses, having purchased its second plastics company in two weeks.

The private equity firms have said they reserve the right to file a new bid for TransAlta, a Canadian power generator that previously rejected their bid. TransAlta's shares were trading at $22.42 near the close of the market Thursday, a significant drop from the $39 per-share bid offered by the firms in July.

The firm has been investing from the fund for several months, including a recent $650m commitment to Reliant Energy.

The California-based gatekeeper has signed onto a global framework that allows institutional investors to evaluate their portfolios to make sure risks related to environment, social and governance issues are being addressed.

Lehman Brothers Private Equity, which is not part of Lehman Brothers bankruptcy, said the turbulent markets contributed to the decrease. Meanwhile, the rebounding US dollar helped Princess Private Equity's NAV increase in September.

The investment in carbon emission efficiency tech company Silver Springs was made from the venture firm's greentech fund, which is raising $500m and has recently backed a number of hybrid vehicle projects.

Wachovia Capital Partners, much like the private equity units of Lehman Brothers, Merill Lynch and AIG, is in limbo while Citi and Wells Fargo negotiate the acquisition of the bank.

The UK-based firm will invest £4 million in CloserStill Holdings and an additional £3 million to be used for the acquisition of businesses that run exhibitions.

The energy-related company will change private equity sponsors for the third time. New York-based Harvest Partners bought Aquilex from First Reserve last March and grew the company into a $550m industrial service provider.

Save for the highly leveraged power industry, which has had deal activity all but freeze, GPs speaking at PEI’s Energy Forum in New York today said business is booming and credit conditions are fuelling deal flow.