peHUB First Read

* Sarah Lacy: Brazil’s slumdog entrepreneurs

* Are family offices the new face of venture capital?

* Breaking up (a buyout) has gotten much more expensive

* Morning Call: U.S. futures point lower, London rises early, European shares retreat, the Nikkei hits 1-week closing high and Hong Kong shares climb.

* Jon Corzine starts small in bid for redemption

* Will Warburg Pincus play spoiler on the Fidelity National buyout?

* Beverly Hills Austerity? California is now one of the world’s top 10 government default risks

* The winner of MIT’s $100k business plan competition is an entrepreneur who’s PhD is in concrete

* John Carney joins CNBC, a network at which he’s thrown more than a few rhetorical punches: “The folks at CNBC never seemed to hold a grudge about it. So I won’t hold one against them either.”

* I-bank hiring update: Grads welcome

* The economics of private equity funds (h/t Kedrosky)

* Tweet of the Day: @pegobry From the LP’s point of view, Ron Conway is basically a Silicon Valley ETF.

* Tweet of the Day II: @lucasvpraag Morgan Stanley probe is an outrage. There’s no way those idiots were smart enough to do the same things that we did.

* Not so sophisticated? SEC’s New York head is “pushing his staff to scrutinize products normally sold to institutional investors.”

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.