David Snow

The Florida-based investor in underperforming companies will expand its franchise through an office and senior appointment in Tokyo.

The affiliate of publicly traded buyout firm American Capital will expand its European franchise beyond its initial London and Paris footholds.

The increasingly global private equity giant will use a Moscow base to pursue investments throughout Russia and Eastern Europe.

Having built up a team of roughly 20 professionals in the region, the Boston-based private equity giant will pursue buyouts across Asia through a dedicated vehicle.

For its fourth buyout fund, Miami-based HIG Capital offered allocations only to existing investors but has succeeded in raising $750m in less than three months.

Johnnic Holdings, a Johannesburg investment holding company, has made a commitment of as much as $43.5m to New York-based Blue Wolf, a new, government- and labour-focused middle-market buyout firm, led by two former New York City comptroller investment executives.

Horatio Sparkes, who oversees the investment of five New York City pension funds, including a nascent private equity programme, has submitted his resignation to city comptroller William Thompson.

As many as 900 people are expected to attend Carlyle’s annual investor meeting in Washington DC next week, during which the firm is expected to unveil further details about its new Middle East and hedge fund platforms.

New York-based SPG Partners has hired Julian Twombly, a former SPX executive, to identify and run industrial companies.

An oil and gas exploration platform funded by The Carlyle Group and Carlyle affiliate Riverstone Holdings has announced a $340m deal to buy dozens of on- and offshore oil fields.