David Snow

The Boston private equity firm will tap the public market for fresh investment capital after a number of staff departures.

A slowdown in deal and financing activity has meant a drop in investment banking revenue, accompanied by a loss in the principal investment arm of a major Wall Street firm.

The Boston-based global private equity firm exceeded its original goal of €2.5 billion. Meanwhile, the firm is nearing an additional $15 billion for two other funds.

It’s the spectre now haunting the private equity industry: Under what scenario might the value of an otherwise healthy LBO deal be written down to zero? David Snow presents some maths that many GPs are hoping to avoid.

The founder of Apollo Management has told investors that his firm is well positioned to thrive amid the credit crunch, and that weakened bond prices are not necessarily signs of financial stress among the portfolio companies.

CFOs at private equity firms with more than $5 billion in assets enjoy higher pay, on average, than do CFOs at smaller firms, according to a survey conducted by sister publication PEI Manager.

The New York direct secondary investment specialist has nearly tripled the amount of its last vehicle.

The New York firm led by Steven Klinsky saw huge demand from LPs who amid the credit crunch ‘like our style on a relative basis more than ever’.

The investment bank is quietly drawing together professionals from within the firm to raise alternative investment funds for external clients.

In what could be a bellwether for interim valuations in large private equity funds, publicly traded KKR Private Equity Investors has announced a round of significant write-downs in its portfolio of direct investments, in line with fair-value accounting rules that GPs around the world are facing pressure to adopt.