Sam Sutton

Record secondary deal volume is giving GPs the opportunity to broaden their investor base, according to panelists at Harvard Business School’s Venture Capital and Private Equity Conference.

President Barack Obama has made his annual carried interest tax proposal as the industry has taken a public beating over allegations of asset-stripping, job cutting and all-consuming greed.

The SEC’s focus on private equity firms’ track records could lead to a more standardised approach to how fund performance is reported and marketed.

The Carlyle Group has expanded its energy mezzanine business, agreeing to finance the construction of a biomass power project in Connecticut.

KKR financed its first renewable energy investment in the US through a new $95m vehicle known as SunTap Energy, with plans to invest in similar projects.

NGP’s tenth fund continues to generate support from LPs after the firm scrapped its original proposal for a water resources, food and agriculture fund.

The firm’s European co-chair is stepping down to concentrate on deals, while other high profile partners are leaving or moving to part-time as the firm shifts its European focus in response to the continent’s volatile marketplace.

After struggling to find support in the early going, ArcLight’s fifth fund has thoroughly beaten its $2bn target and closed on $3.3bn.

The energy and power firm has closed its fourth US power fund, picking up commitments from public and corporate pensions, insurance companies, endowments, family offices and foundations.

The €300m investment will give the firm access to around 21m Class B shares in Abengoa, a Spanish company that focuses on sustainable energy technologies.