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Plus, Carlyle struggles to plug its valuation gap and the downfall of Bed Bath & Beyond
Harvey Schwartz said buyout group’s valuation did not match power of its brand and could be corrected by growing assets
New CEO of private equity group holds extensive reviews with executives in prelude to anticipated shake-up
Decision takes Wall Street by surprise after private equity firm lined up billions in financing to buy a 50% stake
Apollo, Blackstone and KKR among private capital groups eyeing $74bn portfolio
Apollo and Blackstone among those poised to provide $5.5bn of debt to buyout group for purchase of 50% stake in Cotiviti
Plus, JPMorgan resists efforts to depose Dimon and legal clients prolong the cheque
Offer would roll half of sale proceeds from older vehicle into new one
Peter Clare was chief investment officer of group’s $105bn private equity division
Former Goldman Sachs executive must restore investor confidence after protracted turmoil
Trend underlines pressure on Harvey Schwartz after he was appointed to the top job this week
Leadership void at private capital firm was one reason fourth quarter fundraising pulled in only $5bn
Plus, the Rothschilds take their investment bank private and shareholders oust Eurazeo’s CEO
Five-year performance-based package is among the most generous on Wall Street
Wall Street veteran takes helm at private equity group that has lagged behind rivals in recent years
Private equity group in talks with experienced Wall Street leader after long search
Citi’s Mark Mason and Morgan Stanley veteran Jonathan Pruzan have held talks about top job
Plus, Musk confronts Twitter’s increasingly unmanageable debt and the mortgage billionaire behind an NBA double deal
Struggle to find new chief executive comes as rising interest rates spell tougher times for private equity
Firms are having trouble finding people to hand over cash
US buyout group has asked for an extension until the end of August
The FT’s Antoine Gara unravels the curious case of Kewsong Lee’s resignation
The ability to take advantage of market dislocation is being frustrated by an arbitrary calculation
US private equity group also cites competition for funds as it searches for new chief executive
Action accuses insurers including AIG, Axis and Chubb of acting in bad faith
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