David Snow

A proposed rule in California would turn placement agents into lobbyists. It’s yet another challenge to the definition of what a placement agent is.

The private equity-owned backer of a PR firm to GPs has been renamed King Worldwide.

After five quarters of losses, aggregate fund values were written up an average of 5.48 percent in the second quarter, according to State Street.

Lionel Pincus, who died this week aged 78, built Warburg Pincus into one of the most successful private equity firms in the world. But he also helped engineer what remains one of the only successful generational transitions in the brief history of this asset class. Private Equity Manager told the story of this transition in its debut issue in July 2004. We reprint it here in its entirety.

The founder of private equity advisory firm Aldus Equity, Saul Meyer, has admitted to having knowingly engaged in pay-to-play corruption in his dealings with New York State Common Retirement Fund and pension funds in New Mexico.

CalPERS is on track to be the first LP to publicly endorse the investor-friendly guidelines released by the trade association that represents $1trn of private equity assets.

History shows that the best private equity funds are born after the ends of recessions, writes David Snow.

Some 35% percent or more of capital raised by placement agents comes from US public pensions, according to a veteran fundraiser, and an SEC proposal to ban placement/pension interaction could threaten the third-party fundraising business model.

Private equity firms now need to budget and build carefully, much as they do with their own portfolio companies, writes David Snow

The California pension giant will formalise the central role of fair value accounting in its real estate portfolio and will require external fund managers to comply with these standards.