Private Equity Newsletter — May 14, 2009

This issue includes the article “’Pay-to-Play’ Arrangements and Placement Agent Involvement with Public Pension Funds Subject to Nationwide Investigations,” which reports that recent investigations into and indictments for alleged “pay-to-play” activities have brought scrutiny upon the relationship between placement agents and state pension and other public plan investors. Also featured is “EPA Offers Enhanced Incentives to Encourage Self- Reporting by Purchasers,” which describes the new policy that offers an opportunity for buyers of businesses and regulated facilities to resolve environmental issues and mitigate their exposure.