SVG Capital seeks £200m from investors (Fund News)
SVG Capital, which is the largest investor in funds run by Permira, the private equity firm, is raising around £200m from investors at 100p a share. It has cut its commitments to invest with Permira by nearly £800m, to £343.8m, and renegotiated covenants with its lenders.
U.S. Securities and Exchange Commission Chairman Christopher Cox said the agency failed to act for almost a decade on "credible and specific allegations" of wrongdoing by Bernard Madoff.
Apollo and Huntsman reach agreement on breakup fee (Fund News)
Apollo Management LP, the private- equity firm, agreed to pay $700m to Huntsman Corp. to terminate a $6.5bn LBO of the chemical maker by its Hexion Specialty Chemicals Inc. unit.