Matt Levin

The Fed chairman is joined by US Treasury Secretary Paulson before Congress in supporting private equity investments in banks.

The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.

The project, one of Blackstone’s first investments in renewables, would construct roughly 80 wind farms off the German island of Helgoland.

Solar cell equipment maker GT Solar is seeking a roughly $500m debut despite a rough second quarter for venture-backed floats.

Hazem Shawki, Kashif Siddiqui and Walid Zein have worked together at Goldman for more than six years and are now going to help the Egyptian bank invest its third MENA fund.

The first of two Pequot Capital venture spin-outs has surpassed its initial fundraising target of $250m.

Paint and coating supplier PPG has agreed to the divestment of its auto glass business for $330m in cash and equity, roughly $170m less than the price tag on a failed Platinum Equity deal still in court.

Fees generated from private equity-sponsored buyouts and other transactions are at their lowest level since 2003; First Reserve replaces Blackstone as the top revenue source for investment banks.

The consortium will contribute roughly equal portions of equity for the Atlanta-based cable network, valued at roughly $3.5 billion. NBC will try to integrate the network's television and online properties into its own media platforms.

The European venture firm has hired Eric Ly to enhance its Silicon Valley network as the love affair between the venture community and social networking websites continues.