David Snow

In announcing a $30m ‘restitution’ to be paid by the private equity firm, the New York state attorney general today noted that the agreement does not include David Leuschen, one of Riverstone’s two co-founders. Cuomo promised that ‘new developments will be coming down the road’.

The Boston buyout firm may allow LPs in a private credit-opportunity fund to cancel participation if they agree instead to a planned $300m listed credit vehicle.

New data from State Street shows that the month just passed was among the quietest in a decade by way of new deal activity, but may confirm the view that the market is ‘bouncing along the bottom’.

CalPERS has hired heavyweight talent to develop its infrastructure platform, which may eventually become among the bigger direct players in the market.

Carlyle has backed a new code that assumes placement agents are prone to ‘Boss Tweed’ inclinations, writes David Snow

The new private equity firm will be among the lucky few to have a fresh pile of 'dry powder', managing director and former NFL football star Steve Young told a conference crowd in Las Vegas. Huntsman Gay was formed by Utah industrialist Jon Huntsman and former Bain managing director Robert Gay.

Speaking before a major dealmaking conference in Las Vegas, the energy investor also predicted higher oil prices by the end of the year.

A panel of US middle-market participants agreed today that while the current economy is bleak, signs of stability have appeared, paving the way for a renewal of M&A activity.

State comptroller Thomas DiNapoli today released details on 94 funds to which disgraced former comptroller Alan Hevesi committed capital, alongside the names of placement agents and the fees they were paid. It is the most detailed disclosure yet in the wake of the Henry Morris pay-to-play scandal.

Fund performance results from the State Street Private Equity Index show a big drop in the fourth quarter of 2008. Despite the grim numbers, private equity continues to outperform the public markets.