General partners are scrambling for more information amid vague indications that members of Congress might consider drafting legislation that would drastically raise the tax on GP profits. One legal source called these fears
Fortress Investment Group this morning rocketed to roughly a $35 per share debut price, valuing the closely watched alternative investment giant at roughly $12bn, equal to 40 percent of its assets under management.
The US private equity firm has been approved to lead a group in buying WestLB’s 24% stake in HSH Nordbank for €1.25bn. The private equity group will share ownership of the Landesbank with two German municipalities.