Christopher Witkowsky

DLJ, Gavea, Magna and Highbridge are among the firms picking up a 25% stake in Brazil-based Grupo Santillana de Ediciones, a publisher of educational text books.

A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.

The firm said during its quarterly earnings call Friday its deal pipeline is full, and it will not start raising a new fund for at least the next several quarters.

Private equity firms that invest in infrastructure have work to do to balance the desires of institutions like pensions for low risk and steady cash flows with their own goals of collecting carry and exiting investments, speakers said at the Global Private Equity Conference in Washington DC.

Leon Shahinian, the 12-year pension veteran described as ‘honest’, has been placed on leave amid a burgeoning pension scandal in California.

The energy-focused firm is investing in an oil and gas exploration and production company in Brazil.

KKR's co-founder George Roberts told the Washington State Investment Board ‘there is no more opportunity in distressed debt’.

The pension’s CIO Joseph Dear said LPs that can 'stick together' in the face of GP opposition will be able to win more LP-friendly terms.

The firm and the pension have forged a ‘strategic relationship' in which fees will decrease on funds Apollo manages 'solely' for CalPERS.

GSO, which focuses on credit-related strategies, has slated its Capital Solutions Fund for a final close in May. The fund has collected $1.5bn.