David Snow

The New York attorney general says he will cooperate with AGs in other states to 'shed light on a process that has been perverted'. The wave of subpoenas includes 49 investment firms who allegedly paid unlicensed placement agents for securing public pension capital.

A new complaint from the New York attorney general’s office details the allegedly corrupt economic bond between Aldus Equity’s Saul Meyer and political operative Hank Morris, whose relationship ultimately became strained to a point where both created vivid epithets for each other.

According to the PEI 300, Private Equity International magazine’s proprietary ranking of the world’s largest private equity firms, the firm led by David Bonderman has raised more capital for private equity direct investment than any other firm over the past five years.

The New York Common scandal will tar the reputation of placement agents unless market participants disseminate and enforce a clear distinction between valuable fundraising services and sleazy influence peddling, writes David Snow.

One of the largest LBOs in history has been drastically written down in value by the majority of its owners, as a legal tussle with lenders erupts over an ‘accordion’ debt facility that greatly favours equity players Blackstone, Carlyle, Permira and TPG.

David Snow examines what America’s Public-Private Investment Program for troubled assets means for private equity.

The CIO of the influential private equity advisory group will depart by the end of the month, a source confirmed. SVG Advisers is a division of SVG Capital, the UK-listed vehicle that has committed capital to London private equity firm Permira since 1996.

The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.

Two and twenty? Try one and ten for KKR's new infrastructure fund, reveals David Snow.

Apollo founder Leon Black has expressed confidence in the more than $15bn in senior loans owned by his firm, saying the risk/reward profile of the investments remained highly attractive despite margin call headaches. Apollo closed its seventh buyout fund on $14.8bn in December.