Suzanne Weinstock

The firm’s private equity funds grew AUM and management fee income, but booked pre-tax distributable earning of $18m, down from $82m in the same period last year.

The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a 'sophisticated' move to sell before other LPs do the same.

Goldman Sachs has invited 94 executives to become partners including the co-heads of its private equity group.

The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due.

The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund. The fund allocates 10 percent, around $4bn, of its pension pot to real estate.

The California-based producer of luxury electric cars, which is supported by roughly $140m in venture financing, has instituted a number of measures to see it through the difficult market conditions including layoffs and leadership changes.

The energy-focused spin-out of collapsed hedge fund Sowood Capital will invest up to $80m of equity in Plantation Energy for the construction of a manufacturing facility in Western Australia.

Led by former Abraaj managing director and co-founder Shirish Saraf, the growing MENASA-focused firm expects to close its debut special situations fund targeting $350m this month.

American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.

The $55bn Virginia Retirement System has made commitments to TPG, Austin Ventures, Great Hill Partners and Oaktree Capital Management following a 2007 bump in the pension’s private equity allocation to 10 percent.