David Snow

Investor-friendly carried interest, fee, GP commitment, key man and transparency terms are promoted in a new set of ‘Private Equity Principles’ from the trade association for limited partners, whose members control the vast majority of commitments to private equity managers.

CalPERS is on track to be the first LP to publicly endorse the investor-friendly guidelines released by the trade association that represents $1trn of private equity assets.

History shows that the best private equity funds are born after the ends of recessions, writes David Snow.

The $750m IPO registration of Dollar General marks an important step for the alternative investment firm as it seeks to become a bigger player in the capital markets.

Only 10 of the largest 50 private equity firms in the world sold more than they bought during a five-year period characterised by sky-high prices and bidding wars, PEI Media research shows.

Leaders within the more mature mutual-fund market often come from marketing backgrounds.

An SEC proposal could cut off roughly 35% percent of capital raised by placement agents, according to a veteran fundraiser.

General Atlantic invested $485m in the medical payment company - the largest ever amount it has put into a single portfolio company. Hellman & Friedman is also a backer of the company, which closed up strongly on the NYSE.

The private equity firms have invested a fresh $43m in Gilt Groupe, known for online ‘sample sales’ of high-end consumer items.

The power-focused private equity firm will acquire power plants and a 15% stake in the major US power generation corporation, now struggling with liquidity issues.