Christopher Witkowsky

The firm, which anticipates closing Fund VI on $13.5bn, agreed to an 80/20 transaction fee split for Oregon with a slight increase in management fees - a deal it's offering all the fund's LPs.

The firm, founded by energy industry veteran Frost Cochran, is moving from a pledge fund structure to a more traditional private equity fund.

The firm has ‘reduced, refinanced or extended’ more than $52bn of debt since 2009, which has helped drive value creation, according to Blackstone executives.

The Steve Schwarzman-led firm, which reported a 35% rise in private equity profits over a six month period, will soon close its global buyout fund.

In a softening of the original proposal, the SEC has decided to prohibit only unregistered placement agents from soliciting US public pensions on behalf of private equity firms.

A panel at PEI’s compliance forum earlier this week talked about the tough fundraising environment, placement agents and the effects forced registration would have on marketing new funds.

The bank is reportedly in ‘advanced discussions’ to acquire Brazilian investment firm Gávea, which closed its third fund in 2008 on $1.2bn.

Riverwood, staffed with several former KKR professionals, is targeting $750m for its debut fund.

A San Diego pension recently committed to the fund after negotiating carried interest down to 15% from 20%. Highland is raising the fund in partnership with investment firm PetroCap.

The pension's board, which manages about $110bn in assets, has also significantly increased the target for private equity, as well as strategic investments, which includes debt funds and infrastructure.