Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.
Frontier Capital has closed its fourth growth equity fund at $390 million, beating its $300 million target.
First Read ushers in your morning with news of Hillary Clinton using a personal email account at State Dept., possibly breaking rules, Tinder to charge those 30 and over more for new dating app and Michael Jordan joins the billionaire’s club according to Forbes.
Fortress Investment Group credit guru Peter Briger believes the credit investment environment remains uninteresting even though the firm is closing in on $5 billion for its next flagship credit fund.
TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.
In Second Opinion, the NASDAQ hits 5000 for the first time in 15 years, Google confirms plans on becoming a wireless carrier and Kleiner Perkins General Partner John Doerr is expected to testify in the Pao gender discrimination trial.
This week’s job opportunities include a family office vice president at Blackstone, private equity legal counsel at GIC and a private equity senior manager at Standard Chartered Bank. Also, Bay Hills Capital is looking for either an analyst or associate.
Twin Brook Capital Partners is seeking $500 million for a middle-market direct lending fund as it kicks off as a new unit of Angelo Gordon & Co headed by two former executives from Madison Capital Funding.
PayPal has agreed to acquire Massachusetts-based mobile wallet platform provider Paydiant, the latter announced in a post on its site.
Blackstone Group LP Chief Executive Stephen Schwarzman took home $690 million in 2014, more than any other private equity executive, as his firm and the wider industry benefited from the favorable conditions for cashing out on investments.
First Read starts your week with news of Twitter reviewing an alleged ISIS threat to co-founder Dorsey, two chip makers will merge in a deal worth $11.8 billion and without revealing a name, Warren Buffett says he has a successor in mind.
Patricia Grad has left Irving Place Capital after nearly five years, two sources said.
In Second Opinion, the Senate passes a bill to avert the Homeland Security shutdown, Tim Cook says Apple Watch will one day replace your car keys and two big losses rock the business and entertainment world–former AIG chief Robert Benmosche passes away at 70 while “Star Trek” icon Leonard Nimoy dies at 83. Live long and prosper!
Would you find it odd if a major U.S. pension system completely skipped out on energy private equity funds for the last seven years?
Carlyle Group LP paid its co-president who was hired last year from JPMorgan Chase & Co $31.2 million in 2014, a higher compensation than many veterans received at the private equity firm, a regulatory filing showed on Thursday.
San Ramon, California-based Accela, a provider of civic engagement solutions for governments, has raised $143.5 in funding, the company announced in a statement.
First Read helps usher in the weekend with news Google reversed a porn ban on Blogger after backlash, Kleiner Perkins says it didn’t distribute gender discrimination policy until 2012 and Wired helps us understand the great dress debate of 2015.
UTIMCO benefits from traditional go-early investment strategy.
