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Huge strides have been made in bridging the apparent gulf in understanding between the needs of LPs on the one hand, and GPs on the other. Much of the progress has been thanks to the work of the ILPA in introducing new industry standards
The private equity owners of Cleveland-based aluminum rolled products producer Aleris Corp are selling the company to Zhongwang USA for $2.33bn. 
Cornerstone Partners and Oaktree Capital Management have agreed to buy ProService Agent Transferowy from Highlander Partners. 
Oaktree Capital Management saw its portfolio company Countryside valued at just over £1bn through its long-awaited IPO. 
The $13.9bn Los Angeles City Employees’ Retirement System plans to commit $35m to private equity funds managed by Oaktree Capital Management and Thoma Bravo. 
Texas Teacher Retirement System committed a total of $950m across five funds last month, AltAssets has learned. 
Private equity major Oaktree Capital Group is reportedly interviewing banks for the role of financial advisor to help in the sale of portfolio company AdvancePierre Foods. 
Private equity-backed aluminium processor Aleris has withdrawn its $500m initial public offering, nearly three years after postponing the listing due to market conditions. 
Oaktree Capital Management has pulled in just over $600m for its fourth mezzanine fund, AltAsssets can reveal.
Private equity debt giant Oaktree Capital Management is reportedly set to lose co-founder Larry Keele in the summer. 
The private equity-backed security business which vetted ex-spy agency contractor Edward Snowden is reportedly nearing a takeover by its creditors. 
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