Assets managed by the world’s largest 500 fund managers fell by over 23 per cent in 2008 to USD53.4trn, down from USD69.4trn the year before, according to the Pensions & Investments/Watson Wyatt World 500 ranking. The fall in assets is the first since 2002 and the largest since the research

KKR Private Equity Investors and KKR have completed the transaction to combine the two businesses. Going forward, KPE will be known as KKR Guernsey and its common units will trade on Euronext Amsterdam from 2 October. Henry R. Kravis and George R. Roberts (pictured), co-founders of KKR, said: “For over

Orient Venture Capital, a Vancouver based capital pool company, has received loans totalling CAD40,000 from Asia Select Asset Management and Dwane Brosseau. The loans bear a fixed interest rate at eight per cent per annum, maturing at the earlier of: 1) 12 months from the date of the advance; and

Yext, a local internet advertising company, has raised USD25m from Institutional Venture Partners and Sutter Hill Ventures to accelerate the growth of pay-per-action phone calls. "We are excited to announce this investment and to have IVP as a new investor to help us build the company," says Howard Lerman, chief

Devcon International has completed the sale of the company and all of its subsidiaries to Golden Gate Capital. Devcon will continue to serve its customers without interruption. The closing of the transaction represents the culmination of a recapitalisation process that began in October 2008. Devcon’s wholly-owned subsidiary, Devcon Security, is

Olympus Capital Investments, a private equity firm focusing on growth capital investments in middle market companies, has closed its equity investment in J.W. Hulme, a 104 year old company based in St. Paul, Minnesota crafting leather and canvas bags and accessories which are made in the US. Earlier this year,

Venture-backed company exit activity showed little signs of life during the third quarter of 2009 and fell far short of historical norms, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association. While there were three venture-backed IPOs in Q3, a slight decline from the

Falk Marques Group is holding the inaugural Women’s Alternative Investment Summit on 1-2 December 2009 in New York’s financial district. The conference marks an extension of the company’s Women’s Private Equity Summit to include the broad range of asset classes, including private equity, venture capital, real estate, infrastructure and hedge