Regulation

Andrew Sossen, who represented KKR Financial in its $900m IPO last year while with Simpson Thacher, will become the REIT’s new general counsel.

Horatio Sparkes, who oversees the investment of five New York City pension funds, including a nascent private equity programme, has submitted his resignation to city comptroller William Thompson.

US and European venture capital firm Fidelity Ventures is looking within its own and portfolio companies’ internal processes as it hunts for vertical software targets. By Robert Venes.

Allianz Capital Partners has sold UK care homes provider Four Seasons Healthcare to an investment fund of the Qatar Investment Authority, despite interest from 3i and Terra Firma Capital Partners.

Who are the 30 most influential lawyers in global private equity? We asked the market. Here are the results.

The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.

Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.

AP Alternative Assets, the publicly quoted private equity fund launched last week by Apollo Management, a US buyout house, has raised a third more then expected.

The two firms have invested $430 million in a $500 million joint venture with US Shipping Partners.

Carlyle/Riverstone’s latest $2.45bn energy fund will provide $200m to Legend Natural Gas III, a company which will acquire and develop onshore natural gas and other properties in south Texas.