Christopher Witkowsky

The private equity industry in developed countries has done a poor job of telling its story, according to Simon Walker and other panellists speaking at an emerging markets conference.

Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave amid a burgeoning pension scandal in California.

Even if the deal market returns to a 2004 pace, it would take 15 years for firms to invest what they have on hand, the consulting firm has found.

The Euronext-listed fund of funds expects to continue collecting more in proceeds from GP exits than it pays out in capital calls this year.

The firm’s president and COO Tony James said the fund would reach $12.5bn for its final close, lower than its original $20bn target.

The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on on funds Apollo manages 'solely' for CalPERS.

The firm has accused its departed co-founder of 'unethical' conduct in a pension pay-to-play scandal. Rattner denies the accusation.

The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.

The firm’s financial services group, head by Olivier Sarkozy, half brother of the French president, believes it can work within the parameters established by the US Federal Deposit Insurance Corporation.

Will Kussell, who worked as president at the restaurant chain, will help Advent identify investment opportunities.