Jenna Gottlieb

As the Private Equity Council gears up to add more members, officials from two leading private equity trade associations share their perspective how to build association membership while staying true to the core mission.

Rather than a planned IPO, TPG will buy American Tire from Investcorp, Berkshire Partners and Greenbriar Equity.

Karl Peterson, a San Francisco-based partner, will move to London to co-head European operations. The firm also recently hired Simon Henderson, the ex-European Capital head of UK buyouts.

The $5 billion pension fund has raised its private equity allocation to 10 percent from 3 percent.

The universal healthcare law President Obama signed 30 March includes Medicare tax provisions that will negatively impact fund managers and investors.

The company backed by KKR, Bain, Silver Lake, Apax and AlpInvest represents one of at least seven PE-backed IPOs reportedly expected this week.

The $34bn pension, which currently works with PCG as its private equity consultant, has commitments to 125 funds.

Former members of Linklaters’ 'flying squad' of emerging markets pros will be split between London and Romania.

The pension will determine whether to 'continue' its private equity programme, and will consider terminating relationships with underperforming managers.

The Jon Moulton-led firm is investing £13m in the UK business of Reader's Digest, an investment that will pull the business out of administration.