Christopher Witkowsky

Several institutions have carved out - or considered creating - space for private equity for the first time, countering a retreat by struggling LPs with more experience in the asset class.

The firm had offered $2.4bn, which included the assumption of debt, to acquire Ohio-based Cedar Fair. The deal did 'not have the required level of investor support', the company said.

The ILPA roundtable between GPs and LPs Tuesday had more ‘agreement than disagreement’, according to Joseph Dear, CalPERS' CIO.

The biggest pension in the US sent a letter to UK buyout house Permira with concerns about a planned plant closure in Ohio.

Federal investigators are looking into possible illegal payments made to influence investment decisions at US pensions, including to placement agents.

For the first time, the listed firm has collected capital from external investors for a fund dedicated to growth investments to bolster its own commitments.

The KPS spinout, which has been one of the more active firms in the downturn, is targeting $350m for its second fund.

Apollo’s IPO filing with the SEC includes pay details showing CEO Leon Black collected $787,391 last year, including $140,202 for car and driver.

Vought Aircraft, into which the firm first invested in 1992, will be acquired by the Triumph Group, which is paying $525m in cash.

After a year-long search, the California State Teachers’ Retirement System has found its new head of private equity internally, choosing interim co-director of the programme Margot Wirth.