peHUB Rewind

Here’s a look at the past week’s scoops, opinions and analysis from the peHUB blogging team.

First, the good news: peHUB won its charity game of baseball at Fenway Park. Photos from the event are posted here and here.

Now the bad news: Where to start. For one, the pay-to-play scandal continues. Julio Ramirez, a former Wetherly and Park Hill placement agent, has pled guilty for his involvement.  Dan had a few thoughts on that topic. Then we have Carlyle Group’s $20 million “fee” and code of conduct, which is neither an admission of wrongdoing or a denial of it. Dan liveblogged the announcement and followed up with some opinions, meanwhile I attended the press conference. Oh, and CalPERS adopted a new policy for its use of placement agents.

Also, we saw more ratings downgrades, the worst fear of LPs is coming true, private equity made bakers cry, a GS Capital company may trip its covenants, LP defaults,

Things weren’t much better on the venture side. Larry outlined why it sucks to be a VC. Facebook is getting beat up by poets.  And a secondary firm is the most active venture capital firm. Prism VentureWorks suspended fundraising.

But it’s not doom and gloom forever.

M&A has shown signs of picking up-here is our weekly Midweek M&A Madness auction round-up. It’s perfect timing, as we learned that turnaround investors are calling the bottom. Meanwhile a Thomson Reuters survey said dealmakers expect M&A to pick up in the second half of the year. Didn’t they say that last year too? In other “green shoots” news, IPOs might be coming back.

We discovered some details on the Imeem funding, and Foundry Group backed a pogoplug maker. Two new funds are in the market-EIF and Oak. And two blog posts discussed books-Blackstone Group’s Pete Peterson has one and Alex has a whole list of summer reading suggestions.

In people news, we learned Paul Allen will replace the president of Vulcan Capital, Stephen Moseley left StepStone (in connection with the aforementioned pension fund scandal), David Danielson is joining the U.S. Department of Energy, Healy Jones plans to leave venture capital.

In random news, we find that President Obama could be related to Brad Pitt,

Our Vox Populi Columnists contributed a few excellent articles. Jason Mendelson outlined a few quick ways to get fired as a lawyer. Edward Reilly wonders if bankruptcy auctions are the new buyout market. Chris Bulger wants Detroit to wake up and innovate already. Jeff Bussgang had ACL surgery and is learning investment philosophy from it (With two cadaver ACLs in my own knees, I feel his pain but can’t say surgery ever inspired me to invest!)

And of course, First Read and Second Opinion covered plenty of ground, including subprime people, Madoff junkies, Steve Ballmer’s second-to-last laugh, people who were happy to be fired, ten biggest tech failures, MBA 2.0, Candover apologies, Cramer versus Stewart continues, and ten cleantech targets and a Twitter backlash.

Previously: peHUB Rewind May 8, peHUB Rewind May 3, peHUB Rewind April 17, peHUB Rewind April 10, peHUB Rewind April 27