Christopher Witkowsky

The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.

The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.

Pying-Huan Wang has been hired to head infrastructure investments at Swiss-Asia Financial Services, which is preparing to launch its debut infrastructure vehicle, the China District Energy Fund. Wang was previously the head the private equity group at Deutsche Bank.

Pying-Huan Wang has been hired to head infrastructure investments at Swiss-Asia Financial Services, which is preparing to launch its debut infrastructure vehicle.

Pying-Huan Wang has been hired to head infrastructure investments at Swiss-Asia Financial Services, which is preparing to launch its debut infrastructure vehicle.

The Teddy Forstmann-led firm, once one of the world's preeminent private equity houses, held a 27% stake in Citadel Broadcasting.

The firm’s portfolio company, Hune, which rents and sells construction equipment, was sold back to management for €1 after suffering from broad industry contraction.

The mega-firm is entering the amusement park sector, following several other firms that have acquired parks this year. But the sector has in some cases been a roller coaster for private equity returns.

Lone Star has a plan to keep total control of bankrupt US grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company. Bi-Lo operates 215 stores in the southeastern US.

Lone Star has a plan to keep total control of bankrupt grocer Bi-Lo outside of bankruptcy, while a lending group that includes KKR wants to split control of the company.