Getting a Job in Private Equity: Behind the Scenes Insight into How Private Equity Funds Hire (Glocap Guides)
Times Online (Free subscription) | 07/11/2009
For the kingpins of global finance, it doesn’t get better: stock markets are thundering, interest rates are close to nil, banks are coining profits. A world of cheapening money and rising asset values is a corporate financier’s daydream, but something is missing.
PR News Wire (Free subscription) | 06/11/2009
LONDON, Nov. 6 /PRNewswire/ -- The Ernst & Young Institutional Investor IPO survey 2009, highlights the likely markets and sectors that will lead listing activity in 2010. The survey, based on responses from more than 300 institutional investors across the world, found that China, technology and private equity are likely to drive IPO activity over the next 12 months.
Bloomberg (Free subscription) | 06/11/2009
Nov. 6 (Bloomberg) -- Blackstone Group LP, the world’s largest private-equity company, reported a third-quarter profit of $275.3 million as it began generating fees from selling assets and finding acquisition targets.
The Telegraph (Free subscription) | 9 hours ago
Brussels should shelve plans to impose controversial new rules on hedge funds and private equity until new banking regulation is finalised or risk indulging in "regulatory hubris" and undermining Europe's financial services sector according to an influential report from the European Parliament.
Indian Express (Free subscription) | yesterday
Even as corporate groups and financial institutions in India are floating their own private equity funds, the downturn in the global economy has affected their fundraising plans indefinitely. However, by exploring new sources such as domestic institutions and high networth individuals (HNIs), a few PE firms have received commitments while a few others remain optimistic about completing fundraising...
Indian Express (Free subscription) | yesterday
Uno Investments, the investment vehicle of the private equity firm Chrys Capital Mauritius Ltd, has exited the Chennai-based Shriram Transport Finance Company Ltd by selling its remaining 2.13% stake in the open market.
PEU Report (Free subscription) | yesterday
Tyler Durden of ZeroHedge summed a Moody's report on flagging private equity underwriting (PEU) deals. He posted the detailed analysis. The Carlyle Group's distressed affiliates include: ARINC Allison Transmissions Freescale Semiconductor Frontier Drilling Harrahs -(not credited to Carlyle in the report) Hawaiian Telecom- bankruptcy HD Supply LifeCare Holdings Oriental Trading PQ Corporation Sequa...
BrandFaqs: The Brand Blog (Free subscription) | yesterday
E-commerce giant eBay has settled its long-running legal feud with the founders of Skype, clearing the way for a $2-billion sale of the internet telephony pioneer, the company announced Friday. Under the terms of the settlement, Skype founders Niklas Zennstrom and Janus Friis will get a 14 percent stake in the consortium buying Sykpe from eBay in return for an undisclosed cash investment and the withdrawal...
Karmabanque Radio (Free subscription) | yesterday
Stacy Summary: Some blog posts I am reading this morning. Obama is captured (Credit Writedowns) The disastrous performance of private equity (ZeroHedge) And speaking of LBO deals going bust. Can’t say we didn’t predict it would happen . . .
Sacramento Bee (Free subscription) | yesterday
Top California officials, responding to media reports about possible outside influence on CalPERS' investment decisions, are formulating legislation to tighten controls on so-called placement agents and restrict their fees. Sources said the legislation could be unveiled early next week, but declined to comment publicly in advance of the announcement. The legislation would force placement agents –...
New York Post (Free subscription) | yesterday
Blackstone Group LP, the world's largest private-equity company, reported a third-quarter profit of $275.3 million, helped by fees from selling assets and finding acquisition targets. Profit excluding some costs tied to the firm's 2007 initial pub...
People Daily (Free subscription) | yesterday
The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter. Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year. The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars...
Law Blog - WSJ.com (Free subscription) | yesterday
Both Blackstone and Fortress posted third-quarter earnings that showed how the sharp market rally has improved the fortunes of private equity and hedge funds.
Sacramento Bee (Free subscription) | yesterday
Top state officials are about to introduce legislation that would scale back pay earned by pension fund placement agents and require them to register as lobbyists. Sources speaking on condition of anonymity confirmed today that legislation could be unveiled as early as Monday. The legislation comes amid mounting reports in The Bee and elsewhere about possible influence exerted by placement agents...
Financial Times (Free subscription) | yesterday
The world's biggest private equity company is targeting its competitors and hedge fund managers that have been weakened by the credit turmoil, after it enjoyed a third-quarter rebound
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