Graham Winfrey

The firm will reportedly pay $200m for a 40% stake in Sao Paulo-based Patria Investments, with which Blackstone has had a strategic alliance since 2004.

The LP-focused industry group plans to issue guidelines for capital calls, distribution notices and portfolio company quarterly reports.

Stephen Moseley, a former co-president of advisory firm PCG Capital Partners, is suing his former employer for 'fraudulent business practices'.

Blackstone CEO Stephen Schwarzman stated his firm will be active in the country at an event honoring Indian Prime Minister Manmohan Singh as well as Schwarzman.

Enervest’s 12th fund will reportedly raise up to $1.5bn to invest in upstream oil and gas assets in North America.

The firm has named former partner at Pegasus Capital Rodney Cohen as head of its new US Equity Opportunity team, which will specialise in investments of up to $150m.

The Nashville and Davidson County Metropolitan Employee Benefit System has committed to Centerbridge Capital, Oaktree Capital, Garrison Investment and Courage Capital.

The pension’s investment committee has approved a $25m commitment to oil and gas-focused Encap’s eighth fund, targeting $2.5bn.

Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.

The US pension refuses to ‘sell at loss’, temporarily shifting 5% of its equities portfolio to private equity, real estate and fixed income to take advantage of distress.