David Snow

Boston-based Energy Investors Funds will build two power plants in California for Pacific Gas and Electric Company.

The Swiss private equity and hedge fund advisory group has garnered a €1.4 billion market capitalisation on its first day as a publicly traded company.

JPMorgan Asset Management has hired former Canada Pension Plan Investment Board private investment head Mark Weisdorf to spearhead its new infrastructure investment arm in New York.

David Liu, a former Morgan Stanley Private Equity Asia pro, will join Kohlberg Kravis Roberts as a managing director in its newly established Hong Kong office.

Edward Gilhuly and Scott Stuart, two senior partners at private equity giant Kohlberg Kravis Roberts, will leave the firm at the end of the year to start a hedge fund. The two had been believed by some to be heirs apparent at the firm.

With a former Perseus power pro at the helm, Natural Gas Partners has expanded into technology investing with a $94m first close on a debut tech investment fund.

Joseph Wender, a 30-year Goldman Sachs partner, has joined New York alternative investment giant GSC Partners in its new Los Angeles office.

By leading a consortium to acquire Nuevo Banco Comercial, Advent International has become the first private equity fund to invest in Uruguay since the late 1990s.

Thomas H. Lee Partners has increased its access to the Asian private equity market through a new alliance with H&Q Asia Pacific.

Harris Williams, the Richmond, Virginia investment bank that has captured a major portion of the US middle-market buyout business, has agreed to be acquired by PNC Financial Services Group, which also owns BlackRock.