Christopher Witkowsky

The Leon Black-led firm, which filed an IPO earlier this year for up to $50m, has hired Gene Donnelly to fill the position left by Kenneth Vecchione.

LPs have approved a one-year extension for the investment period of the firm's, co-led by Mark Patterson, $5bn third fund.

The $132bn pension is making a big commitment to identify ‘errant’ GPs as part of a process to reduce its relationships.

Roger Faxon, CEO of EMI’s publishing division, will take the reins of the whole company, following Terra Firma's £105m injection earlier this month to appease lenders.

New York City’s Mayor reportedly said his friend, the former Quadrangle co-founder, is a ‘scrupulously honest guy’, months after the firm accused Rattner of ‘unethical’ conduct.

The pension's board, which manages about $110bn in assets, has also significantly increased the target for private equity, as well as strategic investments, which includes debt funds and infrastructure.

A San Diego pension recently committed to the fund after negotiating carried interest down to 15% from 20%. Highland is raising the fund in partnership with investment firm PetroCap.

Former managing directors Tony Lee and Scott Spielvogel have spun out of the Tim Collins-led firm to form One Rock Capital Partners.

The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.

Placement agent Alfred Villalobos has accused California’s attorney general of trying to ‘deprive’ him of the means to support himself and prepare a defense.