Sam Sutton

After generating a 14.35% IRR on its $1.43bn debut fund, Howard Newman-led Pine Brook is back on the market with a $2bn vehicle.

Many secondaries specialists are reluctant to use leverage to boost returns – but AXA Private Equity, perhaps the most active firm in the current market, has no such qualms. Sam Sutton finds out why

The Franklin Templeton-subsidiary made its investment in Grupo Financiero Improsathrough its 2001 ProBanco I Fund, a $27m vehicle.

Despite a rash of negative ads regarding his time at Bain, Mitt Romney referred with pride to his record at the private equity firm while accepting the Republican nomination for US president.

John Krenicki, the head of General Electric’s $50bn energy business, will join CD&R as a New York-based senior operating partner in 2013.

Strong returns from the $37.1bn retirement system’s private equity portfolio helped offset a negative 6% performance in public equities.

The firm’s $48bn PE business is unlikely to see a ‘wave’ of realisations given market conditions, president Tony James admitted, as Q2 net income fell by 75% from last year's figure.

Joe Baratta’s new role, effective immediately, comes less than two years after he was asked to step up to lead the firm’s European private equity group.

The $233bn retirement system’s private equity portfolio was one of a handful of bright spots in its investment holdings, which generated only a 1% return over the year to 31 March.

Seventy one individuals from firms including KKR and TPG have donated more than $8.2m to an independent committee dedicated to helping Mitt Romney win the US presidential election.