Brad Meikle

Permira said on Wednesday that it had hired ex-KKR deal-maker Ryotaro Fujii to head its Japan operations, as the European private equity firm chases billion-dollar deals in the world’s third-biggest economy, Reuters reported.

Middle-market buyout loans offer the best hope of boosting low borrowing levels by private equity firms as sponsors battle cash-rich corporate buyers and U.S. regulators’ leveraged lending guidance that are restricting the amount of debt that banks can offer, Reuters reported.

Carried interest taxation is again in the spotlight this year after two lawmakers introduced legislation in late June requiring the IRS to treat carried interest as regular income, not capital gains. Below get a rundown on this and four other legislative and regulatory highlights of the second quarter, courtesy of Chris Walters, senior director-governmental and regulatory affairs for the Small Business Investor Alliance.

Democratic presidential contender Hillary Clinton will pledge on Monday to close the carried interest tax loophole that allows private equity fund managers to pay a lower tax rate on much of their earnings, according to a draft of a speech seen by an outside adviser, Reuters reported.

A faction of Republican conservatives who successfully slid the knife into the U.S. Export-Import (Ex-Im) Bank are eyeing a new target for their drive against what they call “crony capitalism” – an obscure agency that helps U.S. firms invest in the developing world, Reuters reported.

The California Public Employees’ Retirement System, the biggest U.S. public pension fund, on Monday reported a 2.4 percent net rate of return for the 12 months ended June 30, slightly underperfoming its benchmark index, Reuters reported.

Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter, Reuters reported.

Dutch lingerie maker Hunkemoller has caught the eye of several private equity groups in a potential deal worth roughly 500 million euros ($553 million), three sources familiar with the matter said on Thursday, Reuters reported.

Partners in private equity and other alternative investment funds based in Britain face giving up a bigger slice of their performance fee to the government in tax after changes announced on Wednesday, Reuters reported.

SRA Companies Inc, a provider of IT services to the U.S. government, filed with U.S. regulators on Wednesday for an initial public offering of common stock, Reuters reported.