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peHUB First Read

A new app seeks to detect upcoming manic episodes in those with bipolar disorder, how to interpret Rupert Murdoch’s sudden withdrawal of his $80bn pursuit of Time Warner and it’s time to change your password (again).

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peHUB First Read

To shut down your week, First Read has news that more companies are citing climate change as a significant risk to operations, a Japanese man was arrested for allegedly 3-D printing guns capable of firing and a pro-business regime looks to be headed to victory in India.

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GOP legislator wants to boost tax on carried interest

Michigan Congressman Dave Camp on Wednesday offered a tax proposal he said would “clean up” the carried interest provision that lets private equity partners pay lower taxes on large portions of their incomes. Camp’s plan drew little support from other Republicans.

Reuters – Carlyle’s Rubenstein Buys 1776 Printing of Declaration of Independence

Carlyle Group CEO David Rubensteinon Tuesday paid $632,500, a record amount, for a copy of the first newspaper printing of the U.S. Declaration of Independence, according to Reuters. Rubenstein has purchased several historic documents that he has loaned to U.S. institutions, including a copy of the Emancipation Proclamation, Reuters reported. Rubenstein, 63, had a net worth of $3 billion as of March, according to Forbes magazine, which ranked him No. 458 out of the world’s 1,426 billionaires.

CalPERS Notches 2.9x Gain On 2001 Carlyle Investment

The $237 billion California Public Employees’ Retirement System has reaped a 2.9x gain from its 4.2 percent stake in The Carlyle Group upon the firm’s initial public offering on Thursday, according to an exclusive analysis by Buyouts, peHUB’s sister magazine, based on a California Public Records Act request.

Rubenstein, Schwarzman Downbeat on U.S. Economy

(Reuters) – The heads of two of the world’s most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms’ ability to realize profit on their portfolios.

“We never really emerged from the last recession,” Carlyle Group co-founder David Rubenstein said at a breakfast session at Lincoln Center that also featured Blackstone Group Chief Executive Stephen Schwarzman.

“It will last a few more years before we get unemployment to a level that is tolerable,” Rubenstein said.

Top 5 Slideshows This Week Led by NYC Shindig Photos

Following are the five slideshows most popular with peHUB readers the week of April 25.

1. Slideshow: New York City Shindig Photos!

2. Slideshow: Top 10 List Shows Cleantech Becoming Dominated by Handful of Investors

3. Slideshow: Carlyle’s Rubenstein, T.H. Lee’s Sperling, AlpInvest’s Doeksen, Others Speak at Buyouts New York

4. Slideshow: The Cleantech Companies Best Positioned to Go Public

5. Slideshow: The Best Time for a VC Promotion

Slideshow: Carlyle’s Rubenstein, T.H. Lee’s Sperling, AlpInvest’s Doeksen, Others Speak at Buyouts New York

Thomson Reuters’ Buyouts New York conference kicked off today with a star-studded list of speakers. Among the big names on today’s bill were David Rubenstein (pictured), co-founder of The Carlyle Group, Volkert Doeksen, CEO of AlpInvest, Scott Sperling, co-president of Thomas H. Lee Partners, and Erik Hirsch, CIO of Hamilton Lane. Take a peek into […]

VIDEO: Carlyle’s David Rubenstein on the Future of Private Equity and Opportunities in China

In an exclusive interview at Buyouts New York, David Rubenstein, founder and chief executive of The Carlyle Group, says that China will spend the better part of this century as the world’s largest economy, making that nation an extremely attractive place to invest. But don’t count out the United States yet, he said.

In a conversation with Chrystia Freeland, Editor of Reuters Digital, Rubenstein also discussed the shifting tides of regulation, saying that with the passing of the Dodd-Frank law, the aspect that the financial community is most uneasy about is the absence of certainty as these new financial regulations get interpreted and implemented over the next few years.

Finally, Rubenstein said that in private equity’s fundraising race, sovereign wealth funds will be taking an increasing role in coming years when compared to public pension funds, which don’t have as much money to invest as they did a few years ago.

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