David Snow

General partners are scrambling for more information amid vague indications that members of Congress might consider drafting legislation that would drastically raise the tax on GP profits. One legal source called these fears

The private investment giant will team with Citigroup and India’s Infrastructure Development Finance Company to raise $5 billion for infrastructure investment in India.

Fortress Investment Group this morning rocketed to roughly a $35 per share debut price, valuing the closely watched alternative investment giant at roughly $12bn, equal to 40 percent of its assets under management.

The Private Equity Council will be based in Washington DC and led by Douglas Lowenstein, currently the head of the video game industry association.

The real estate and private equity teams within Goldman Sachs’ merchant banking division will help manage the giant new infrastructure fund.

SPG Partners, a firm led by former Ripplewood partner Ian Snow, announced its third deal, an investment in a lender to brownfield real estate projects.

Private Equity International has announced in its November issue a global list of 30 influential lawyers who specialise in private equity.

Horatio Sparkes, who oversees the investment of five New York City pension funds, including a nascent private equity programme, has submitted his resignation to city comptroller William Thompson.

The US private equity firm has been approved to lead a group in buying WestLB’s 24% stake in HSH Nordbank for €1.25bn. The private equity group will share ownership of the Landesbank with two German municipalities.

Shares of KKR Private Equity Investors, listed on the Euronext Amsterdam exchange, closed today at $22.39 per share, down nearly 9 percent since the vehicle went public on May 3.