Christopher Witkowsky

The California-based gatekeeper has signed onto a global framework that allows institutional investors to evaluate their portfolios to make sure risks related to environment, social and governance issues are being addressed.

The firm has been investing from the fund for several months, including a recent $650m commitment to Reliant Energy.

The private equity firms have said they reserve the right to file a new bid for TransAlta, a Canadian power generator that previously rejected their bid. TransAlta's shares were trading at $22.42 near the close of the market Thursday, a significant drop from the $39 per-share bid offered by the firms in July.

The energy-related company will change private equity sponsors for the third time. New York-based Harvest Partners bought Aquilex from First Reserve last March and grew the company into a $550m industrial service provider.

Save for the highly leveraged power industry, which has had deal activity all but freeze, GPs speaking at PEI’s Energy Forum in New York today said business is booming and credit conditions are fuelling deal flow.

The investment by India's largest infrastructure-focused private equity firm will help create a parts-manufacturer for the wind energy industry in India. The IDFC manages three private equity funds.

The investment by India's largest infrastructure-focused private equity firm will help create a parts-making operation for the wind energy industry in India. The IDFC manages three private equity funds.

The transaction will not include Lehman Brothers' major private equity businesses like merchant banking, real estate, venture capital and master limited partnerships. The deal will include some of Lehman's private equity fund of funds and the firm's debut infrastructure fund, which has been targeting $1bn.

The transaction will help grow the private equity firm's presence in the Gulf region.

The Sustainable Technologies Fund went to market in February 2007 and has already invested in Swebo Bioenergy and Suncore.