Sam Sutton

The Carlyle Group has hired former Goldman Sachs analyst Daniel Harris to handle communicating the firm’s financial information to public shareholders and analysts.

Governor Nathan Deal has approved legislation that will allow the state’s $13bn Employees’ Retirement System to invest up to 5% of its assets in alternatives.

The Carlyle Group has set a price range between $23 and $25 per share for its IPO, which is expected to happen this year.

The state of Georgia, the last among US states to allow its public pension systems to invest in private equity, needs only the approval of governor Nathan Deal (pictured) after the legislature overwhelmingly approved a law authorising investments in the asset class.

LP transparency concerns and recent regulatory efforts are putting a greater emphasis on firms’ policies for valuation and risk management, according to a PwC report.

Just weeks after promoting several of its team members to managing director, First Reserve has appointed London managing director Alex Krueger president of the firm.

John Mack, the former chairman of Morgan Stanley, will help the firm make ‘smarter investments’, says KKR co-founder Henry Kravis.

The Florida State Board of Administration’s plan to increase its alternatives allocation to 16% was approved by the state legislature.

The industry’s accumulation of $1trn in dry powder, half of which is tied up in crisis-era vintages, is good news for sellers looking for big multiples from private equity buyers.

The New Mexico Public Employees Retirement Association has re-upped into Riverstone’s first investment vehicle since ending its relationship with The Carlyle Group.