David Snow

The alternative investment business of Morgan Stanley led by Cory Pulfrey has raised fresh capital for its third private equity fund of funds.

Retired basketball star Michael Jordan will enter into a joint venture with Robert L. Johnson’s private investment platform to pursue private equity and other investment activities.

Shares of KKR Private Equity Investors, listed on the Euronext Amsterdam exchange, closed today at $22.39 per share, down nearly 9 percent since the vehicle went public on May 3.

Leon Black of Apollo Management has expressed his displeasure to Goldman Sachs over the investment bank’s role as an advisor in an expected Texas Pacific Euronext listing.

Apollo Management has agreed to acquire the coated paper division of International Paper for approximately $1.4bn, the forest-products conglomerate announced.

Thomas H. Lee Partners, the Boston private equity firm that suffered a significant loss on its investment in broker Refco, has won as much as $100m in a settlement with an Austrian bank.

AP Alternative Assets, the planned listed vehicle from Apollo Management, will co-invest alongside Apollo’s giant new private partnership, representing as much as 15 percent of each deal.

Justin Wender, 37, will replace the New York buyout firm’s co-founder, Leonard Harlan, after a long period of gradual leadership transition, the firm announced.

The global private equity firm has acquired a major clothing retailer in Mexico for $200 million. The deal includes $90 million in cash-flow based debt.

Sing Wang, the former head of Hong Kong-based multimedia corporation TOM Group and the ‘founder’ of Goldman Sachs’ Asia private equity arm, will become a Texas Pacific Group partner to pursue growth and venture deals in North Asia.