A number of institutional investors are both limited partners in the funds of publicly traded buyout shops Apollo Global Management and The Blackstone Group as well as shareholders in those companies.

Deal lawyer Chris Manderson offers some important tips PE firms should follow to avoid ending up in a situation like the one EIG Global Energy is dealing with at Chesapeake Energy Corp.

Steve LeBlanc, the innovative head of private investments at the $110 billion Texas Teachers’ Retirement System, the nation’s 6th largest pension, announced that he planned to step down in early June, confirmed a pension spokesman, Howard Goldman. In his four years as senior managing director, LeBlanc and his team invested $20 billion in 90 investments, according to a statement.

The $145 billion retirement system is actively considering making large separate account commitments through its private equity program, according to Buyouts magazine.

Now that The Carlyle Group has finally amended its filings to include how it pays its executives, it’s become easier to compare how much money some of the most high profile executives in the industry make. Sister magazine Buyouts compared Carlyle Group’s figures for 2011 with 2010 figures for executives at Apollo Global Management, The [...]

Google has poured $94 million into a portfolio of four solar photovoltaic projects being built by solar developer Recurrent Energy, the company announced on its blog. The deal brings Google’s investment in clean energy to more than $915 million. Google is investing alongside Kohlberg Kravis Roberts & Co. and Recurrent Energy in the projects, which are being built near Sacramento, Calif., and are designed to provide energy to the grid. In a blog post, Google said it will provide a $94 million equity investment, and SunTap Energy, a new venture formed by KKR, will provide the remaining equity.

China Tianrui Group Cement, a company backed by buyout firm Kohlberg Kravis Roberts & Co., has raised $124 million in an initial public offering in Hong Kong, Reuters reported, citing IFR. The company, based in Henan province in eastern China, priced roughly 401 million new shares at HK$2.41 each, putting the deal at HK$966.17 million ($124.12 million), wrote Reuters.

Former Kohlberg & Co. Co-Managing Partner Chris Lacovara is transitioning out of the firm as it seeks to raise $1.5 billion for its next fund, sister publication Buyouts reported. The mid-market buyout fund, started by Kohlberg Kravis & Roberts & Co. co-founder Jerome Kohlberg in 1987, has so far raised $520 million for Kohlberg Investors [...]

Private equity group KKR & Co. is about to secure a deal to buy Capital Safety Group, a British manufacturer of safety equipment to protect against falls, for about $1.1 billion, Reuters reported Monday. Capital Safety Group is currently owned by Arle Capital Partners.

China Development Bank Corp. is setting up an overseas investment platform and forming a partnership with private equity firms TPG Capital and Kohlberg Kravis Roberts & Co., Reuters reported over the weekend, citing the official China Daily.