People Moves

General counsel at private equity firms must juggle relationships with multiple external legal professionals.

Cindy Wenig joins Apollo Real Estate Advisors as general counsel.

The US government's concerns over national security are likely to increasingly hamper the sale of stakes in management companies to sovereign wealth funds.

The US House of Representatives has narrowly passed a bill that aims to raises taxes on private equity and hedge fund managers by roughly $48 billion. The bill now heads to the Senate, and if approved, is likely to be vetoed by President Bush.

The financial services provider has launched a private equity index based on quarterly statistics from public and private pensions, endowments and foundations.

Sir David Walker’s report on transparency and disclosure has encouraged UK industry body, the BVCA, to name, shame and expel non-compliers with his proposed code.

Congressional interest in private equity-owned nursing homes remains high, as two committees in the US House of Representatives have now said they will hold hearings on the subject.

The search for a new chief executive has ended with the appointment of Simon Walker, a communications specialist and one time secretary to HM The Queen. He is also an adviser to the government on red-tape reduction.

StepStone, a San Diego area advisory firm founded by three ex-PCG executives including its former president, has hired PCG’s former head of research, Jay Rose. Rose is the sixth former PCG employee to move across town to StepStone.

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.