Entries tagged "PE"

Pay-to-play response threatens smaller PE firms

While New York Attorney General Andrew Cuomo's attempts to clean up after the pay-to-play scandal, the broader issue of how to deal with placement agents has proved a challenging one.

FDIC tees up final PE rules

The FDIC announced Wednesday that it will issue its final policy on PE acquisitions at an Aug. 26 board meeting.

Lang enters Ch. 11, to sell assets

Private equity-backed stationary supplier Lang Holdings Inc. has begun marking up the calendar for its trip through bankruptcy court. Chief Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware in Wilmington was set to consider interim approval of the debtor's $16 million debtor-in-possession loan and use of cash collateral at a late hearing on Friday, July 17. Lang seeks permission to tap $8.5 million of the postpetition loan as it continues a search for a buyer. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market...

Cerberus restructures funds

The Wall Street Journal, Bloomberg News and The New York Times report that Cerberus was offering restive LPs the option of transferring their stakes to a holding company that would unwind its stakes over time.

Vornado PE fund seeks $1B

Vornado Realty Trust reportedly is looking to raise $1 billion in private equity funds to invest in distressed properties that will likely hit the auction block in the next few years.

FDIC to announce new rules for PE buyers

The federal agency is expected to release new guidelines for PE firms buying banks.

CalPERS may up PE, VC investing

If the California Public Employees' Retirement System increases its allocation to private equity and venture capital, it would be at the expense of its allocation to hedge funds.

J.P. Morgan said to close hedge fund, PE units

J.P. Morgan Chase is breaking up the hedge fund, buyout unit led by Bob Case.

PE strategies: What's sustainable?

A Thursday morning session at the ACG InterGrowth meeting in Las Vegas painted a picture of the middle-market private equity industry working its way through a down-cycle.

Riverside defends PE before Congress

Despite the public's ugly view of private equity, midmarket PE firm Riverside Co. sent COO Pam Hendrickson to Capitol Hill to educate Congress on PE's real role in the economy.

Can Platinum bring luster to the Union-Tribune?

Platinium Equity acquires the San Diego Union-Tribune off the auction block for an undisclosed price.

PE write-downs concern investors

Investors in private equity have plenty to grouse about, if the recent write-downs from publicly quoted buyout portfolios are early indicators. But how deep those write-downs will be for everyone remains a matter of conjecture, thanks to an accounting approach generally known as "option value." Private equity funds' fourth-quarter and end-year results, typically due out in March, are being closely watched because 2008 is the first full year to reflect the impact of new mark-to-market rules under Financial Accounting Standards No. 157, which defined how to measure fair value. This is a free preview of the content available in...

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