David Snow

Famed corporate raider T. Boone Pickens is amazed at the growth of an industry he helped establish in the 1980s, he said at a conference today.

Boston-based Energy Investors Funds will build two power plants in California for Pacific Gas and Electric Company.

Steven Lee, the former head of Lone Star’s embattled South Korean operations, has reportedly admitted embezzling millions from the firm, funds which he has subsequently repaid.

Palladium Equity Partners, which in recent years has rebranded itself to focus more on the growing US Hispanic market, has closed its third fund on $520m.

Blackstone has hired Manish Mittal away from hedge fund giant Perry Capital to launch a long/short equity investment platform.

The Swiss private equity and hedge fund advisory group has garnered a €1.4 billion market capitalisation on its first day as a publicly traded company.

Centerbridge Capital, the new private equity/distressed firm formed by Blackstone vet Mark Gallogly and Angelo Gordon vet Jeffrey Aronson, has already received more than $2 billion in interest from limited partners.

Ahead of a massive fundraising, Thomas H. Lee Partners has announced the hiring of Richard Bressler, a top Viacom executive, as a managing director in charge of providing services to portfolio companies.

As a Friday disclosure deadline looms, the Ohio Bureau of Workers’ Compensation is leaning toward not including sensitive portfolio-company data in a FOIA-requested report on the insurance organisation’s private equity programme.

The Los Angeles-based private equity firm has emerged the victor over hedge funds Newcastle Partners and Steel Partners in a bidding war for Fox & Hound Restaurant group, a chain of pubs.