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Rodman Buys Energy I-Bank COSCO

May 12, 2008 – Rodman & Renshaw acquired private investment bank COSCO Capital Management, which focuses on oil and gas sectors in the US and Canada, for $10.1 million.

Week Starts Well For Mid-Market PE

May 12, 2008 – While new deals by large leveraged buyout firms are few and far between, middle-market private equity investors are busy arranging new deals.

Pre-Packs Continue Their Resurgence

May 12, 2008 – As the credit-market dislocation chugs on, one corner of the bankruptcy world is getting more attention: pre-packs.

Cumulus Buyout Terminated

May 12, 2008 – Cumulus Media said Monday that has terminated its $1.3 billion deal to be acquired by an investor group led by Merrill Lynch Global Private Equity.

Moral Bankruptcy

May 12, 2008 – As the economy slows, investigation of corporate malfeasance becomes a big business.

Infrastructure Investment Speeds Up

May 12, 2008 – The infrastructure investment business shows little signs of slowing as one general partner after another raises a new multi-billion dollar fund, underscoring the promise institutional investors see in infrastructure within the US, Europe and Asia.

Big Loss For MBIA In 1Q

May 12, 2008 – US bond insurer MBIA Monday reported a first-quarter loss of $2.4 billion, or $13.03 a share, compared with net income of $198.6 million or $1.46, in the first quarter of 2007.

Pearlstine Joins Bloomberg

May 12, 2008 – Longtime Wall Street Journal and Time Inc. newshound Norman Pearlstine is leaving The Carlyle Group to fill a newly created position at Bloomberg LP, chief content officer.

Citi Poised To Unload Half A Trillion In Assets

May 9, 2008 – As Citigroup continues to attempt a recovery from the credit crisis, its embattled leader announced plans Friday to unload $500 billion of legacy assets and a goal of 9% revenue growth over the next few years.

Dell Drives Into Luxury Auto Market

May 9, 2008 – MSD Capital, the New York private equity investment firm controlled by Michael Dell and his family, is interested in luxury cars. More specifically, the firm is aiming to back the acquisition and operation of luxury car dealerships across the US through a newly launched venture, MSD Automotive Partners.

Victoire Hires Former Goldman Vet

May 9, 2008 – Twenty-three-year financial services veteran Matthew Maslow has joined Victoire Financial Capital as president of the global asset management firm. Maslow most recently worked at Goldman Sachs, advising many of the largest hedge funds.

Hedge Funds Bounce Back In April

May 9, 2008 – Returns were higher in April for hedge funds than March, with the Greenwich Global Hedge Fund index returning 1.68%, rebounding from a 2.05% loss in March.

Tropicana Files For Bankruptcy, Seeks $67 Million DIP

May 9, 2008 – Tropicana Entertainment filed for Chapter 11 bankruptcy protection last week in Delaware's bankruptcy court and was looking to borrow $67 million through a debtor in possession loan.

Ratings Actions

May 9, 2008 – The latest ratings upgrades, downgrades and outlooks from S&P and Moody's.

Fremont Mulls Chapter 11 Filing

May 9, 2008 – Fremont General said Friday it may file for Chapter 11, a day after disclosing its intent to sell the rest of its mortgage services operations to Litton Loan Servicing, an affiliate of Goldman Sachs.