Jennifer Harris

The firm’s country head, Paul Yoo, has been sentenced to five years in prison, while Lone Star has been fined $26 million by a Korean court.

The Riverside Company opened its first Asian offices in Tokyo and Seoul last year, and has now completed its first deal in the region with the acquisition of Japanese parking lot operator Shinsouki.

Emerging Capital Partners has made its fourth investment in the African mining sector with the acquisition of a 16 percent stake in gold producer Central African Gold.

The Colorado Public Employees’ Retirement Association has created a new allocation bucket for investments that fall outside of its existing asset class definitions.

Drawing on the resources of its parent company Invesco, WL Ross & Co. has raised a distressed investment vehicle three times the size of its predecessor.

Ned Kelly will leave Carlyle to become president of Citi Alternative Investments, a division CEO Vikram Pandit has worked to build up since he took control of the bank in November.

NEA- and Greylock-backed Northern Light Venture Capital has held a final close on $350 million for its second fund, less than two years after closing its $125 million debut vehicle.

Avalon Laboratories, which manufactures connection devices for life support machines, is American Capital’s sixth investment in the medical technology sector.

William Harrison is the latest high level investment banker to cross over to the private equity industry.

The credit crunch has claimed another victim: Patriarch Partners’ American LaFrance, one of the oldest fire engine makers in the US.