California Public Employees’ Retirement System is leading a push by investors in private- equity funds for lower fees and more disclosure. So far, only a small number of fund managers is making concessions, and they are limited.
Blackstone Group LP and First Reserve Corp. have held fee talks on new funds for infrastructure investments, according to [...]

The latest initial public offering backed by private equity firm Blackstone Group (BX.N) priced shares below expectations on Tuesday, and sold fewer shares than anticipated, according to an underwriter.
Hospital staffing company Team Health Holdings Inc priced shares at $12, each, and raised about $159.6 million. It had originally expected to sell 20 million shares priced [...]

Private equity fund of funds manager Adveq Holding has teamed up with Chinese investment holding company Dalian United to form a new investment firm in China. According to both companies, the new firm will be the first non-government private equity fund of funds in China.
The new entity, in which both Adveq and United will hold [...]

High-tech start-companies ups were boosted by news that private investors have more than matched the Government’s commitment in the pre-Budget report to a venture capital fund to support innovation in the technology and creative industries.
Private investors have committed £175m to the UK Innovation Investment Fund (UKIIF) via two fund-of-fund managers to create a total pool [...]

The U.S. House voted to more than double a tax on income earned by executives of private equity and venture capital firms to pay for the renewal of dozens of tax breaks.
The House voted 241-181 today, largely along party lines, to end fund managers’ ability to pay the 15 percent capital- gains tax rate on [...]

Two-and-a-half years ago, before the financial crisis struck, the private equity industry was fast becoming the bete noire of unions, politicians, the media and a plentiful number of company boards. They were, according to a German politician, “locusts”, feeding on companies’ assets and cash. At the height of the market, Boots was bought for more [...]

The founder of a private equity firm has agreed to pay $20 million in restitution for his part in corruption uncovered by Attorney General Andrew M. Cuomo in the New York State Common Retirement Fund.
Under terms of the agreement, David Leuschen, founder of Riverstone Holdings, LLC, will pay $20 million to resolve allegations about his [...]

Istithmar, the private equity arm of Dubai World, the debt-laden conglomerate, is coming under increasing pressure from creditors as it loses control of key assets and breaches loan covenants.
Spurred by its ambitious parent company, the private equity firm went on a multi-billion dollar acquisition spree, snapping up assets such as Barneys, the New York retailer, [...]

The U.S. House of Representatives has taken the private equity industry one step closer to higher tax rates on carried interest with the passage of the Tax Extenders Act of 2009.
The act would raise tax rates on carried interest earned by investment managers, including private equity and venture capital firms, to ordinary income rates, or [...]

Private equity investments in China lead to the creation of more jobs and spending on research and development than their publicly listed counterparts, a survey showed on Thursday.
Private equity has sometimes been viewed with apprehension in China, particularly when large state firms have been the targets of investments.
In a survey dating from 2002 to 2008, [...]