Tensions rising between private equity GPs, LPs

Sophisticated investors such as Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan are staffing up in Asia, inserting themselves into the deal-making mix, learning and building contacts in the hope of boosting their returns on investments. The result is an increasingly complex web of relationships between private equity firms and their largest investors that US regulators worry is causing conflicts of interest.  Take last month's bid by PE giant KKR …