Hari Achuthan and Karl Bornefalk have formed an India-focused private equity firm called Achuthan & Co., according to Dow Jones. Achuthan was most recently a director in the private equity group of Credit Suisse Asset Management, while Bornefalk is a serial entrepreneur.
Arsenal Capital Partners is sponsoring the formation of KGS-Alpha Capital Markets, an institutional fixed income broker-dealer, focusing on mortgage-backed, asset-backed and agency debt securities. The New York-based company begins with around $100 million in equity capital, and is being led by former Salomon Brothers/Citigroup pros Levent Kahraman and Dan Goldman.
The Blackstone Group has asked a federal appeals court not to revive an investor lawsuit that accused it of hiding bad investments prior to its 2007 IPO.
Citadel Capital of Egypt reported a Q2 consolidated net loss of $16.7 million, compared to a net profit in the year-ago period.
Energy Capital Partners has raised $4.3 billion for its second fund, which will focus on fossil and renewable power generation, electric transmission and midstream gas.
Golub Capital BDC Inc.’s GC SBIC IV LP received approval from the U.S. Small Business Administration to operate as an SBIC. GC SBIC IV will be allowed to obtain leverage by issuing SBA-guaranteed debt. Golub Capital manages more than $4 billion in capital and has offices in New York, Chicago and Atlanta.
Korea Investment Corp., South Korea’s $35 billion sovereign wealth fund, is planning to double its alternative investments over the next five years.
Onex Corp. reported that its second quarter profit slipped from the year-ago period, but its earnings per share beat analysts’ estimates.
ST Residential is kicking off the nationwide rollout of its real estate portfolio in Atlanta. The company was formed after Corus Bank failed on September 2009. ST Residential is an asset management company led by a consortium that includes Starwood Capital Group, TPG, WLR LeFrak and Perry Capital.
SVG Capital plc’s net assets for the first six months of 2010 rose 4.6 percent. The company benefitted from improved revenue and profit at its portfolio companies. SVG is the largest investor in buyout shop Permira.
TPG Capital is planning to raise 5 billion yuan ($737 million) for a new fund based in Shanghai.