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Wall Street veteran will take helm as private equity group has lagged behind its 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
Private equity group launches review of business in latest sign dealmaking in sector may be on the rise
Washington old guard would not even discuss the New York chief executive’s $300mn pay demand
Kewsong Lee resigned from US private equity group following co-founders’ rejection of deal
Plus, private equity executives score a win in Washington and investors pull back on private markets
Kewsong Lee will leave just two years after taking over sole leadership of private equity group
Sudden departure smacks of the old guard retaking control of private equity group
Firms including KKR, Carlyle Group and Apollo Global report declining PE assets in the second quarter
As with peers Blackstone and Apollo Global, the buyout business is not as dominant as it once was
Carlyle and Vitol-owned company’s net zero target goes further than many of its peers
PE-backed Design Holding wants to acquire more luxury interior brands
CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables
Private equity business accounts for 90% of group’s distributable profits while competitors have diversified
Conglomerate enters $4.28bn deal with Carlyle Group as Omicron clouds travel outlook
Two of final three private equity firms failed to submit bids for entire division over worker worries
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