Democrats’ Bill Targets Private Equity, Hedge Fund Tax Break
Three House Democrats are pushing legislation that would repeal the carried-interest tax break used by fund managers to reduce the levies they owe to the Internal Revenue Service. The bill would close the carried-interest tax break and require many hedge-fund and private-equity managers to pay higher ordinary income-tax rates, rather than the lower rates on […]
Warburg Pincus Files Two SPACs Seeking Combined $750 Million
Private equity firm Warburg Pincus filed to raise $750 million in initial public offerings by two new special purpose acquisition companies. Warburg Pincus Capital I-A is seeking to raise $250 million while Warburg Pincus Capital I-B is targeting $500 million, according to filings Wednesday with the U.S. Securities and Exchange Commission that confirmed an earlier […]
Private Equity Giant Apollo Hires Ex-SEC Chief Jay Clayton
Private equity giant Apollo Global Management hired ex-SEC chief Jay Clayton, the firm announced Thursday, as it seeks to reform after the resignation of CEO Leon Black in the wake of a probe into Black’s ties to convicted sex offender Jeffrey Epstein. In late January, law firm Dechert LLP cleared Black of any wrongdoing in […]
Carlyle Inks $4.1 Billion Credit Line Linked to Board Diversity
Carlyle Group Inc. has established a $4.1 billion credit line that ties borrowing costs to how well its portfolio companies achieve board diversity goals. The buyout firm has structured the revolver for its Americas corporate private equity funds, with pricing of the debt depending on whether they meet a previously set target of 30% diverse […]
Resilience Capital Partners Names Tim Seitter as President and CEO of Portfolio Company CR Brands
Resilience Capital Partners has named Tim Seitter President and CEO of its portfolio company CR Brands. Tim Seitter has more than 25 years of experience in the consumer packaged goods industry, including serving as the vice president of marketing and head of the Oral Care Strategic Business Unit at Church and Dwight. “Tim combines an […]
Resolute Capital Partners Promotes Christine Hiatt to COO
Resolute Capital Partners, a private equity firm that actively invests and manages investments in energy, commercial real estate, and technology, announced today that Christine Hiatt has been promoted from VP to COO. In her new role, Hiatt will be responsible for delivering on the company’s business plan and investment strategies, while overseeing the daily operations […]
Rihanna’s Savage X Fenty Reaches $1 Billion Valuation In Lingerie Equity
Fashion, culture and private equity have collided with Rihanna’s successful Savage x Fenty hitting another major milestone by raising its $115 million Series B funding round At a $1 billion valuation. Private equity firm L Catterton, in which LVMH has a stake in helped the brand secure this bag for its upcoming retail expansion, and […]
SK Capital Partners appoints senior director
SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has appointed Daniele Ferrari as Senior Director Ferrari brings over 35 years of direct operating and executive experience in the chemicals industry, most recently serving as the CEO of Versalis, one of Europe’s largest chemicals companies, and as Chairman […]
Private capital funds must invest USD5.5 billion globally over next five years to meet increasing investor demand for transparency
Private capital funds face growing demands for transparency as mainstream investors increasingly turn to the sector to chase the higher returns it offers, new research from Intertrust and Global Custodian reveals Intertrust Group, a specialist in providing administration services to clients in over 30 jurisdictions, estimates that around USD5.5 billion will need to be spent […]
True North ropes in former KKR managing director to lead credit vertical
Mid-market private equity firm True North has recruited Kapil Singhal, a former KKR managing director, to head its credit platform, the firm said on Tuesday “Kapil brings with him over 25 years of investing in credit across economic cycles,” the firm’s note on Linkedin said. Singhal will be the firm’s managing partner for True North Credit, the […]
